Oslo - Norwegian aluminium and power generation group Norsk Hydro on Tuesday posted lower second quarter earnings, citing that a weak US dollar and higher production costs failed to offset higher aluminum prices.

In line with a recent profit warning the group said earnings before interest and tax dropped 44 per cent to 1.6 billion kroner (315 million dollars), compared to 2.88 billion kroner for the corresponding business period 2007.

Hydro posted turnover of 23.98 billion kroner in the second quarter, down 4 per cent from the second quarter 2007.

Oslo - A blind dog has grabbed headlines in Norway after it was reported Thursday that she i

Oslo - Norwegian aluminium group Norsk Hydro's share price fell 10 per cent Monday after the group said it expected a drop in second-quarter earnings.

Oslo - A meditation and healing centre co-owned by Norwegian Princess Martha Louise has yet to turn a profit a year after it was launched, reports said Monday.

According to the online finance site NA24 the Astarte Education centre posted a loss of some 61,000 kroner (12,000 dollars) after tax for the first six-month period it was in operation.

In a joint statement, the princess and board chairman Elisabeth Samnoy, who each own half of the centre, said they were pleased with how the centre has developed and expected a positive result for full- year 2008.

Oslo - In development separate from the spectacular freeing of 15 hostages from leftist rebels in Colombia on Wednesday, Norway said Thursday that a Norwegian hostage had also been freed.

Bangalore-based Zenith Software Limited (ZSL) plans to foray into the Scandinavian market through a partnership with Norway based Software Offshoring Consulting (SOC).