Wojciech's Feed
Jun 17, 2011

“Very slow” live cruise show a hit

OSLO (Reuters) – Worn out by a fast-paced life and faster-paced television shows but lack a vacation budget? Take a five-day cruise along Norway’s scenic fjords, all free and streamed live on Norwegian public television.

For 8,040 minutes straight — including all the boring bits — viewers can follow the Hurtigruten MMS Nordnorge cruise ship and its roughly 670 passengers and crew as the vessel steams north along Norway’s jagged coastline.

Jun 17, 2011

“Very slow” live cruise show a hit on Norwegian TV

By Wojciech Moskwa

OSLO (Reuters Life!) – Worn out by a fast-paced life and faster-paced television shows but lack a vacation budget? Take a five-day cruise along Norway’s scenic fjords, all free and streamed live on Norwegian public television.

For 8,040 minutes straight — including all the boring bits — viewers can follow the Hurtigruten MMS Nordnorge cruise ship and its roughly 670 passengers and crew as the vessel steams north along Norway’s jagged coastline.

Jun 8, 2011

World Bank seeks to curb North Africa handouts

OSLO (Reuters) – Developing countries, including post-revolution North African states Tunisia and Egypt, should limit welfare handouts to the most needy and address market bottlenecks to curb inflation, the World Bank chief said.

Robert Zoellick said authorities should resist pressure to boost wages or handouts, even as food prices surge and economic life remains uncertain after the people-power protests that ousted authoritarian leaders from Tunis and Cairo this year.

Jun 6, 2011

Altimo ends Vimpelcom owner deal with stake sale

MOSCOW/OSLO, June 6 (Reuters) – Russian firm Altimo is to
sell a 6 percent stake in mobile phone operator Vimpelcom
(VIP.N: Quote, Profile, Research, Stock Buzz), triggering an end to a shareholder deal with Norwegian
group Telenor (TEL.OL: Quote, Profile, Research, Stock Buzz) after less than two years.

Altimo, part of billionaire Mikhail Fridman’s Alfa Group,
said in April it wanted to give new Vimpelcom shareholder Naguib
Sawiris seats on Vimpelcom’s board — a move that would require
an end to the deal with Telenor. [ID:nLDE73H0D0]

Jun 6, 2011

Statoil sells $3.25 bln gas pipeline stake

OSLO, June 6 (Reuters) – Norwegian energy giant Statoil
(STL.OL: Quote, Profile, Research, Stock Buzz) agreed to sell a 24.1 percent stake in a key European
natural gas transport venture to a group including German
insurer Allianz (ALVG.DE: Quote, Profile, Research, Stock Buzz) and the Abu Dhabi Investment Authority
for 17.35 billion crowns ($3.25 billion).

Statoil will retain a 5 percent stake in Gassled, the owner
of the gas transport system and processing facilities on the
Norwegian shelf which last year piped about 100 billion cubic
metres of gas to Britain, Germany, Belgium and France.

May 25, 2011

Norway’s fish farmers feel Chinese fury over Nobel

OSLO, May 25 (Reuters) – SalMar (SALM.OL: Quote, Profile, Research) on Wednesday
became the second Norwegian fish farmer this month to
voice concerns about problems with salmon exports to China amid
continued Chinese fury over last year’s Nobel Peace Prize.

Beijing has stalled trade talks with Oslo and cancelled
numerous political and corporate meetings since October, when
the Norwegian Nobel Committee gave what many see as the world’s
top accolade to Chinese pro-democracy activist Liu Xiaobo.

May 13, 2011

Greece falling short of rescue terms -ECB’s Nowotny

VIENNA/OSLO, May 13 (Reuters) – Greece seems not to have met
the terms of its international rescue package, a senior European
policymaker said, while Athens countered that playing a “blame
game” was hindering any chance of resolving the crisis.

“Greece has apparently not fulfilled the conditions
sufficiently of late. The issue of privatisations will be the
most sensitive point here,” Austria’s Kronen Zeitung quoted
European Central Bank Governing Council member Ewald Nowotny on
Friday as saying.

May 9, 2011

Consortium eyes Statoil pipeline stake – sources

AMSTERDAM/OSLO, May 9 (Reuters) – Abu Dhabi Investment
Authority (ADIA), Canada Pension Plan Investment Board (CPPIB)
and German insurer Allianz (ALVG.DE: Quote, Profile, Research, Stock Buzz) are in talks to buy a stake
in a Norwegian gas pipeline from Statoil (STL.OL: Quote, Profile, Research, Stock Buzz), sources said.

The three financial investors have teamed up and are
discussing the acquisition of at least a 20 percent stake in
Gassled, a Norwegian gas pipeline network, three people familiar
with the matter said on Monday.

May 6, 2011

DnB NOR’s weak first quarter hits shares

OSLO, May 6 (Reuters) – Norwegian bank DnB NOR (DNBNOR.OL: Quote, Profile, Research, Stock Buzz)
posted below-forecast first-quarter results that included
stubbornly high loan losses and highlighted concerns over its
exposure to shipping, sending its shares to a three-month low.

At 0744 GMT shares in Norway’s biggest lender sunk 6.3
percent to 79.1 crowns, their lowest level since January.

May 4, 2011

Telenor boosted by Asia, TDC reins in costs

OSLO/COPENHAGEN, May 4 (Reuters) – Norwegian telecom group
Telenor (TEL.OL: Quote, Profile, Research, Stock Buzz) offset increased price competition in its
Nordic operations with strong growth in Asia in the first
quarter while Danish rival TDC compensated with cost savings.

Telenor, still smarting from a battle over strategy with
Russian telco group Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz), has benefited from
exposure to a number of fast-growing Asian markets, with organic
revenue growth at 13 percent on average in the quarter from its
Thailand, Malaysia, Bangladesh and Pakistan operations.