Tag: economy

Oslo Exchange logs busiest month ever

Never has there been so much share trading in Norway as there was last month. The Oslo Stock Exchange (Oslo Børs, OSE) sent out...

Falling oil prices keep interest rates low

Norway's central bank decided once again on Thursday to keep its key lending rate at its low level of 1.5 percent, with many analysts...

Statoil plans to slash more jobs

Norway's state oil company Statoil, faced with falling oil prices and rising costs, reportedly plans to cut another 500 jobs on its offshore platforms....

Cuts hit economy, boost environment

The major cost- and job-cutting now going on within Norway's oil and offshore industry "will be felt throughout the entire national economy," claims one...

Yara stock soared on merger talks

Shares in major Norwegian fertilizer producer Yara International ASA soared in price on Tuesday after the company confirmed it was in merger discussions with the US...

Interest rates unchanged

Norway's central bank board hasn't raised or lowered the country's key lending rate since March 2012, and its members didn't make any changes this week...

Oslo boasts many millionaires

Oslo has landed on the list of the top 10 cities in the world with the most millionaires, in terms of US dollars. Fully...

Iceland’s interest in Norway fuels new party

Encouraged by what he called "overwhelming response" to his half-joking proposal for Iceland to become part of Norway, initiative taker Gunnar Smári Egilsson is forming...

Some Icelanders look to Norway

A proposal by a former Icelandic journalist that his country should become part of Norway was mostly meant as a joke on social media,...

DNB ‘most solid’ but shares suffered

Norway's largest bank, DNB, has reported more huge profits in its second quarter and described itself as one of the world's "most solid" banks. That...
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