Bucharest / Reuters Romanian state-owned power producer Hidroelectrica expects to finally exit its insolvency process by next month, and aims to sell a minority stake in an initial public offering by November, its manager told Reuters on Sunday. Romania’s largest and cheapest power producer has been run by a court-appointed manager after it became insolvent for the second time in ...

Oslo / Reuters The governor of the Norwegian central bank will apply for a second, and final, six-year term, he told Reuters. “I am motivated to continue as governor, and can confirm that I will apply,” Olsen said. Oeystein Olsen Olsen, 64, has been governor of Norges Bank since January 2011. His six-year term can only be renewed once. By ...

Bloomberg For the past couple of years, automakers have helped keep the economy going as confident consumers raced to replace their aging rides with more luxurious cars and sport utility vehicles. That torrid growth is starting to level off. All three U.S. automakers posted sales gains that missed analysts’ estimates in March, while Japan’s Toyota Motor Corp. reported a surprise ...