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Monday, October 7, 2024

Tag: currency

Stronger krone and higher food prices send shoppers fleeing over the border

Norway's currency, the krone, has suddenly regained strength in recent weeks and that, combined with a sharp rise in food prices at Norwegian grocery stores...

Mint cuts jobs as coin use tumbles

Norway's national mint, Det Norske Myntverket, has sent out warnings that it must cut costs and, most likely, jobs. Fewer Norwegians are using cash,...

Norwegian Air’s stock pounded

The Oslo Stock Exchange was having another bad day on Monday, with all its five most-traded shares falling once again. None dove as steeply as Norwegian...

‘Game of krones’ surprises players

Norway's krone was keeping currency players busy on Tuesday, zooming back up to a value higher than it was before OPEC ministers failed to reduce oil production...

Krone strengthens on oil price rise

Norway's volatile currency, the krone, has been much stronger this week than it was earlier this year, and analysts point to the recent rise in oil...

Norway waits for Putin’s next move

Russian President Vladimir Putin was being widely credited or blamed for the sudden rise in oil prices towards the end of this week. With prices...

‘Krone’ dives after oil prices sink again

Norway's already weakened currency, the krone, took a new dive on Tuesday, falling to its lowest level against neighbouring Sweden's kronor in 20 years....

Norges Bank: ‘No interest rate cut’

The executive board of Norway's central bank, Norges Bank, has decided against another cut in its key lending rate, at least for now. Despite...

Krone sinks to new low against the dollar

Norway's currency, the krone, sunk to a new low against the US dollar on Wednesday afternoon. At around 4:30pm, it was costing NOK 8.60...

Still ‘no crisis’ as more jobs vanish

A new analysis of Norway's job market warns that as many as 200,000 full-time jobs may disappear over the next five years because of the...
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