Norway News

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Norway's Oil Industry Shows Signs of Life After Wealth Fund Shock

A week after Norway's $1 trillion sovereign wealth fund said it wanted to get out of oil and gas investments, the latest spending plans from oil companies show how the country's not about to quit petroleum. Oil companies operating offshore Norway increased their investment forecast for next year and

BLOOMBERG - 2017-11-23 07:22:53

Norway central bank survey: Fewer business leaders expect profits to rise

OSLO, Nov 23 (Reuters) - Fewer Norwegian company bosses expect profitability to rise in the next 12 months, a quarterly survey commissioned by the country's central bank showed on Thursday. In total, 32.2 percent of business leaders now expect an improvement, against 33.7 percent in a similar poll

REUTERS - 2017-11-23 09:17:34

A weekend in Bergen: culture and curiosities in Norway's beautiful second city

To Bergen, Norway's second city, for the opening of its university's new 100 million waterfront Faculty of Fine Art, Music and Design, KMD. Designed by Snohetta, the architects of Oslo's landmark opera house, which rises from the fjord like a white marble iceberg, not to mention the recent radical r

TELEGRAPH - 2017-11-22 14:34:00

Norway stocks lower at close of trade; Oslo OBX down 0.05%

Reuters. Norway stocks lower at close of trade; Oslo OBX down 0.05% Investing.com - Norway stocks were lower after the close on Wednesday, as losses in the Media, Pharma Biotech & Life Sciences and Diversified Financials sectors led shares lower. At the close in Oslo, the Oslo OBX fell 0.05%. The b

INVESTING.COM - 2017-11-22 17:32:21

Energy Stocks Would Weather An Exit By Norway's Sovereign Wealth Fund

Last week, investors took notice of the announcement that Norway's sovereign wealth fund - the world's largest - was considering eliminating its allocation to oil and gas stocks. While such a move is hardly irrelevant - the fund holds close to $35 billion in energy stocks, representing over 1% of th

SEEKINGALPHA.COM - 2017-11-22 11:28:05

Raging debate : Does culling wolves curb poaching?

Wolves, such as this one seen in France in 2015, are at risk of local extinction in Norway, where there are 105 to 112 individuals, according to the latest count AFP/File RAYMOND ROIG A researcher in Norway launched the latest salvo Wednesday in a fierce, sometimes caustic debate on how legal huntin

24MATINS.UK - 2017-11-22 17:53:03

Norway's Police Downgrade Threat Level

OSLO - Norwegian police said on Wednesday they had lowered the national threat assessment, but still regarded an attack by militants as a possibility. The risk level was lowered to "possible" from "likely", reversing an April decision to raise the threat assessment following an Oslo bomb scare and a

NEW YORK TIMES - 2017-11-22 11:33:35

UPDATE 1-Norway's minority government wins backing for 2018 fiscal budget

(Updates with confirmation, detail on dropped 'Tesla tax') OSLO, Nov 22 (Reuters) - Norway's right-wing minority government reached a deal on Wednesday with two centrist parties for a 2018 budget, securing the plan's passage in parliament, the parties said. The government of Conservative Prime Min

REUTERS - 2017-11-22 18:50:38

Kazakhstan is changing its alphabet - here's why

Kazakhstan is to adopt a new alphabet, replacing the Russian Cyrillic script with the alphabet you are reading at the moment. This was announced in October by the Kazakh president, Nursultan Nazarbayev, who signed decree Number 569, which also sets out an expanded version of the Roman alphabet - to


Sustainable Development Goals: All Hands on Deck

Photo: Johanne Furuseth Thanksgiving is a time to reflect and to be thankful. One of the things I am grateful for this year, is the many indications that the global economy continues to recover. Economic growth is key to achieving the ambitious Sustainable Development Goals, a top political priori

HUFFINGTONPOST - 2017-11-21 15:40:14

No, Norway Isn't Turning Away from Fossil Fuels

Shifting resources.Photographer: Kyrre Lien There was widespread excitement last week on the news that Norway's $1 trillion sovereign wealth fund has announced an intention to sell off its oil and gas holdings. This amounts to about 6 percent of the fund's stockholdings, about $37 billion. Environme


BRIEF-Norway Royal Salmon suspects further ISA outbreak

Nov 21 (Reuters) - Norway Royal Salmon Asa * farming operations in region north has suspicion of fish disease ISA at pollen site and at lille kvalfjord site in finnmark, which are neighboring sites to and have joint operations with store kvalfjord site * in total in operating area, including store


Ferroglobe Acquires Glencore European Manganese Plants in France and Norway, Doubling its Global Manganese Alloy Capacity

LONDON, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Ferroglobe Plc (GSM) ("Ferroglobe" or the "Company") announced today that it has entered into an agreement with a wholly-owned subsidiary of Glencore International AG ("Glencore") for the acquisition by Grupo FerroAtlntica, S.A. (a wholly-owned subsidiary of

CNBC - 2017-11-21 21:19:00

UPDATE 1-Norway's DNB to cut costs by up to $240 mln, maintains targets

(Adds cost cuts) Nov 21 (Reuters) - Dnb ASA * Says financial ambitions remain firm * Aggregated gross cost saving initiatives of NOK 1.5 billion to 2.0 billion 2018-2020 ($181 million-$242 million) * Aiming to increase dividend per share combined with share buybacks * DNB Livsforsikring in divi


The 22-year-old billionaire who is Norway's richest woman has been fined 23,000 for driving drunk

Andresen, 22, was caught three times over the Norwegian limit near her family's ski chalet in Norway.Instagram/kgandresen Katharina Andresen, 22, was fined 250,000 kroner (23,000) on Friday for drink-driving. Andresen also received a 13-month ban. Andresen is the world's second youngest billionaire


Norway's King Harald released from hospital

Oslo (AFP) - Norway's 80-year-old King Harald was released from hospital on Monday after being treated for three days for an infection, and is in "fine form", the palace said. "His Majesty the King is in fine form and left Oslo University Hospital this morning," the palace said in a briefly-worded s


The $40 Billion Oil And Gas Shot 'Heard Around The World'

If you own oil and gas stocks, you need to make yourself familiar with Norway's sovereign wealth fund, because they are about to sell $40 billion worth. This decision is hugely important for all kinds of reasons. Here's what they'll sell and why it matters. I've written quite a bit both on this plat


Norway's PM Isn't Worried by His Country's Weak Exchange Rate

Erna SolbergPhotographer: Kyrre Lien/Bloomberg The prime minister of Norway welcomed the weak exchange rate that's been triggered by fears of a protracted slump in the housing market. The currencies of Norway and Sweden plummeted last week as investors reacted to data pointing to housing-market corr


Norway's DNB challenged in court over fund management charges

OSLO, Nov 20 (Reuters) - The asset management arm of Norwegian banking giant DNB overcharged customers for investing in three of its funds, an Oslo court heard on Monday in the country's largest ever class action lawsuit. The Norwegian Consumer Council is seeking to reclaim 690 million crowns ($85


Norway's King Harald hospitalised with infection

Oslo (AFP) - Norway's King Harald is being treated in hospital for an infection, the royal palace said Sunday. The 80-year-old monarch, who has ruled the country since 1991, underwent surgery for bladder cancer 14 years ago. "His majesty the king was hospitalised Friday at the Royal Hospital of Oslo