Interest rates unchanged as stocks fall
August 10, 2011
The Norwegian central bank, Norges Bank, has decided to hold interest rates at 2.25 percent in light of continuing global economic uncertainty, despite having originally planned further rises this autumn. Interests rates were raised to 2.25 percent on 12 May and the bank’s plans had predicted further rises at the end of 2011. Meanwhile, the [...]
Stock Exchange rallies despite fears
August 9, 2011
Norwegians have begun predicting the possible consequences of the unfolding drama in international markets for the country, as the Oslo Stock Exchange itself put days of successive falls behind it to close trading up 1.06 points to 348.05 on Tuesday. The index fell dramatically at the start of trading but rallied quickly, boosted by a [...]
Oslo Stock Exchange continues fall
August 8, 2011
The Oslo Stock Exchange’s main index fell by 5.65 percent to 344.39 by the end of trading on Monday, as turbulence in the international financial markets continued and predictions that a new financial crisis was on the way gathered pace. In step with other European indexes, the Oslo Stock Exchange rallied during the morning after [...]
Stocks and oil fund take further hit
August 5, 2011
The Oslo Stock Exchange (OSE) fell to a new low for the year on Friday despite promising unemployment figures from the USA, while the country’s sovereign wealth fund (often referred to as the “oil fund”) also suffered from the difficult international financial environment. The OSE ended Friday’s trading down 2.75 percent on 365.03 points, meaning [...]
Economy prospers despite EU crises
August 4, 2011
UPDATED: Revised forecasts suggest that the Norwegian economy will do better than originally expected this year, giving many consumers more money than they may otherwise have had. Nonetheless, Norway is not immune to the destabilizing forces in the world economy as the Oslo Stock Exchange fell for the seventh day in a row on Thursday [...]
Oslo stocks take another beating
May 25, 2010
The Oslo Stock Exchange returned from the long holiday pinse weekend to face another round of steep losses on Tuesday. Its main index was down 4.67 percent by mid-afternoon, and young investors seem to have lost interest in the market. The Oslo Børs lost 10 percent of its value last week and analysts had hoped [...]
