Marine Harvest ASA, the world’s biggest salmon farmer, risks fines after European Union merger regulators accused it of taking control of salmon producer Morpol ASA before it sought their approval for the purchase.
John Fredriksen, the second-biggest investor in travel operator TUI AG, cut his stake as the German company shifts away from the shipping industry that’s the focus of the Norwegian billionaire’s assets.
Seadrill Ltd, the world’s biggest drilling company, fell the most in 2 1/2 years after postponing plans to boost its dividend and warning that the rig market will grow slower than expected as oil companies scale back spending.
The flow of much of the world’s oil is controlled from a small suite of offices perched over a Tiffany & Co. store in the Chelsea section of London. That’s where John Fredriksen, a Norwegian shipping magnate worth $13.2 billion, manages the world’s largest fleet of supertankers, the most valuable deep-water drilling company and an armada of about 128 other vessels that carry minerals, grains and liquefied gases.
Seadrill Ltd., controlled by Norwegian billionaire John Fredriksen, executed four drilling contracts with Mexico’s state-owned oil company Petroleos Mexicanos as the country opens to foreign investment for the first time in 76 years.
European stocks closed little changed, trimming losses in the final minutes of trading, after data showed Chinese manufacturing shrank for a second month and Federal Reserve minutes signaled stimulus cuts will continue.
U.S. stocks rose as better-than- forecast growth in American manufacturing and Facebook Inc.’s $19 billion WhatsApp Inc. deal overshadowed concern over the global economic outlook. Treasuries fell and shares in European emerging markets dropped while natural gas slipped.