West Texas Intermediate declined for a third day after U.S. crude inventories increased while tension in Ukraine continued to ease. Brent was little changed.
Spar Nord Bank A/S, Denmark’s fourth-largest listed lender, is seeking to buy parts of FIH Erhvervsbank A/S as industry consolidation resumes six years after the nation’s property bubble burst.
West Texas Intermediate crude dropped from the highest price since September amid speculation that heightened tension between Russia and Ukraine is unlikely to result in a disruption to oil supplies.
The biggest banks in Denmark’s $550 billion mortgage market say hedge funds looking for ways to bet against the industry are setting themselves up for losses.
Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion.
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.
Portugal’s 10-year government bonds dropped for the first time in four days as the nation was said to hire banks to sell more of the securities.
The risk of Thailand defaulting on its debt rose to the highest since June 2012 as anti-government protests prompt money managers to sell the nation’s assets.
In sending Sabine Lautenschlaeger to the board of the European Central Bank, Germany could be gaining power over the region’s lenders at the expense of its monetary- policy clout.
Schibsted ASA ’s sales and growth targets, set six months ago, are “too conservative,” Nordea Markets wrote in a note after Norway’s biggest media company said advertising was picking up.
"The report from Syngenta indicates a potential soft second quarter from Auriga."
- Nordea Markets on Jul 24, 2013