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Cyclical bottom has been reached, but recovery will be slow

Business

Category: Accounting / Financial

A highly expansive fiscal and monetary policy, weak krone and strong growth in house building have contributed to a shift in the economy. Low interest rates and high growth internationally are driving the upswing, while a stronger krone and less house building are curbing growth. Norway’s trading partners have passed the cyclical bottom and we […]

Source: SSB.no

Published: September 25, 2017


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World’s Biggest Wealth Fund Loses Taste for New Assets

Business

Category: Accounting / Financial

The world’s biggest sovereign fund says expanding into new asset classes is now hardly worth the effort. That means the opportunities for raising returns that Norway’s wealth fund once saw in infrastructure and private equity (and spent years trying to get political approval to buy) no longer exist, according to Yngve Slyngstad, the chief executive […]

Source: Bloomberg

Published: September 25, 2017


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Nabors Adds Robotic Drilling Systems

Business

Category: Accounting / Financial

The main shareholders of Robotic Drilling Systems AS (RDS) Odfjell Drilling, Statoil Technology Invest, Investinor and Westcon have entered into an agreement to sell 100 % of the RDS shares to Nabors Industries (Nabors). As part of the transaction, the largest shareholder in RDS prior to the transaction, Odfjell Drilling and Nabors have signed a […]

Source: Subsea World News

Published: September 25, 2017


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Republican Overseas Action will take the fight against FATCA to the Supreme Court

Business

Category: Accounting / Financial

Republicans Overseas Action, Inc. (ROA) will take the fight against FATCA (Foreign Account Tax Compliance Act) to the United States Supreme Court after the 6th Circuit Court affirmed the lower district court’s ruling that none of the plaintiffs in the Crawford et al. vs. US Department of Treasury lawsuit was suffering harm as a result […]

Source: Republican Overseas

Published: September 25, 2017


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Surviving the Oil Crash, Norway’s PM Builds Hope for Second Term

Business

Category: Accounting / Financial

The economic recovery could be coming just in time for Norwegian Prime Minister Erna Solberg in her bid for a second term. Trailing by more than 10 percentage points in July’s polls, Solberg’s Conservatives have narrowed the gap with the opposition Labor Party, according to pollofpolls.no, a poll tracking website. Analysts point to healthy economic numbers […]

Source: Bloomberg

Published: September 25, 2017


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