NORDIC DAYBOOK: DnB NOR, NordLB to Add Shipping-Finance Deals
DnB NOR ASA, Norway’s largest lender, Norddeutsche Landesbank Girozentrale and UniCredit SpA (UCG) will increase shipping finance to meet demand for more vessels as the industry recovers from the global financial crisis.
ALL TIMES CET
WHAT TO WATCH: * Finland’s parliamentary supervisory council, which oversees the Bank of Finland, will make its proposal for the Governor of the central bank. Current Governor Erkki Liikanen is one of three applicants for the job.
EARNINGS: * Morpol (MORPOL NO) 4Q, 7 a.m.; net est. NK70.2m * Copeinca (COP NO) 4Q, 8 a.m.; net loss est. $7.5m * GN Store Nord (GN DC) 4Q, 8 a.m.; net est. DK129m * Rejlers (REJLB SS) 4Q, 8 a.m. * Aker (AKER NO) 4Q, 8:30 a.m. * Novacast (NCASB SS) 4Q, 8:30 a.m. * 24Seven Technology (TFSO NO) 4Q, 9 a.m. * Atlantic Petroleum (ATLA DC) FY * Dockwise (DOCK NO) 4Q; net est. $11.4m * Floatel (FLOAT NO) 4Q * Jinhui Shipping and Transportation (JIN NO) 4Q * Nurminen Logistics (NLG1V FH) 4Q * Per Aarsleff (PAALB DC) 1Q * Petrolia (PDR NO) 4Q * Romreal Ltd (ROM) 4Q * Teco Maritime (TECO NO) 4Q
MARKETS: * Nasdaq OMX Helsinki 25 Index fell 0.4% to 2,553.22 * The OMX Stockholm 30 Index added 0.4% to 1,102.30 * Oslo’s OBX Index gained 0.8% to 400.05 * The Copenhagen 20 Index decreased 0.2% to 462.34 * Swedish krona -- U.S. 6.3887 - EU 8.8266 * Norwegian krone -- U.S. 5.6152 - EU 7.7576
COMPANIES: * Volvo Cars’ Chief Executive Officer Stefan Jacoby and Zhejiang Geely Holding Group Co.’s Chairman Li Shufu will present the carmaker’s China strategy this afternoon in Beijing * Cinnober Financial Technology AB, a Swedish software trading company, bought a 3 percent stake in Ffastfill Plc (FFA), a U.K. competitor, in a move that may presage a link-up between the two, the Financial Times reported * Iceland Foods Ltd. is planning to pay a 100 million-pound ($161 million) dividend to its management and the failed Icelandic banks that own a majority stake in the company, the Financial Times reported, citing people familiar with the situation
ECONOMY: * Finland’s preliminary retail sales data for January, 8 a.m. * Norway’s Unemployment Rate (NAV), 9 a.m. * Norway Manufacturing Wage Index, 10 a.m.
GOVERNMENT: * Swedish Riksbank’s board member Lars E.O. Svensson participates at Federal Reserve Bank of San Francisco conference
* Finland’s Prime Minister Mari Kiviniemi meets EU Commissioners Michel Barnier, Karel de Gucht and Johannes Hahn in Helsinki.
To contact the editor responsible for this story: Kati Pohjanpalo at email@example.com