Norwegian Air Shuttle AS said that yields, which reflect average fares, fell 21 percent last month as competition among Europe’s discount carriers intensified, sending the stock to its sharpest decline in three months.
The Nordic countries could establish a system of mutual recognition of bank capital requirements for exposures incurred in a neighboring country, the Nordic finance ministries said today in a statement on the Norwegian Finance Ministry’s website.
Geberit AG, a Swiss maker of toilets and bathroom piping, reported third-quarter earnings that beat analyst estimates helped by a recovery in northern European markets. The shares rose the most in two years.
U.S. benchmark stock indexes extended record highs while European shares rose for a fifth day, Treasuries fell and the dollar strengthened after data on American durable goods and new homes beat forecasts. Turkish shares and the lira rose as BlackRock Inc. said it was buying.
Stocks rose, capping the best yearly gain for the Standard & Poor’s 500 Index since 1997, and Treasuries dropped as data on consumer confidence and home prices topped economists’ estimates. The yen headed for the biggest annual drop versus the dollar since 1979.