Det Norske Oljeselskap ASA, an oil producer with stakes in Norway’s biggest find in 40 years, rose to a seven-week high in Oslo as production at the company’s Jette field in the North Sea starts earlier than expected.
Marine Harvest ASA’s plan to offer $1.7 billion for Cermaq ASA, a Norwegian fish-food maker, was today endorsed by investors as Cermaq’s annual meeting rejected a proposed rights issue to fund its purchase of Copeinca ASA.
Comision Federal de Electricidad, Mexico’s state utility, is scheduled to receive nine spot cargoes of liquefied natural gas over the next 19 months from BP Gas Marketing Ltd., a subsidiary of BP Plc, and Trafigura AG.
The Standard & Poor’s 500 Index retreated from a record amid concern the Federal Reserve will scale back its stimulus efforts. Gold and silver advanced as Moody’s Investors Service warned the U.S. rating may be cut. The yen rebounded from the weakest level since 2008.
Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
Activists complain that U.S. President Barack Obama, who welcomes Myanmar’s President Thein Sein to the White House this week, is embracing the former general too soon, before he’s proved his reformist bona fides. In fact, Obama is late to the party.