Category: Financial / Investment
The government of the oil-rich Nordic country had expected the economy, excluding activity from the oil and shipping sectors, to grow 3.1 percent in 2012, up from a forecast 2.8 percent growth in 2011. “The government will cut the 2012 growth forecast for the Norwegian economy,” Prime Minister Jens Stoltenberg told reporters on Tuesday, after […]
Source: Reuters
Published: March 28, 2024
Category: Financial / Investment
“The best thing we can do in Norway is to prepare for that things can go from bad to worse in Europe,” Johnsen said today in an interview in Oslo. “We have seen some increases in yields in both Spain and France and that shows that this isn’t over and that uncertainty is still high.” […]
Source: Bloomberg
Published: March 28, 2024
Category: Financial / Investment
The issuer and senior-debt ratings of Eksportfinans, which helps foreign investors buy Norwegian goods and services, were cut seven steps to Ba1 from Aa3, Moody’s said today. The Oslo- based company had 192 billion kroner ($33 billion) in outstanding debt securities at the end of September, according its website. “There might be some forced sellers” […]
Source: Bloomberg / San Francisco Chronicle
Published: March 28, 2024
Category: Technology
HOW IT WAS DONE: The methods varied, but in some cases individually crafted emails would trigger malicious software that would sweep recipients’ entire hard-drives for data and steal passwords, documents and confidential documents. NOT KNOWN: The Norwegian National Security Authority did not name any companies or institutions that were targeted.
Source: The Associated Press
Published: March 28, 2024
Category: Shipping & Offshore
Oceaneering AS, the Norwegian subsidiary of Houston-based Oceaneering International, is acquiring the AGR Field Operations business unit, headquartered in Bergen, Norway, from its parent company, AGR Group ASA. AGR Field Operations provides oil and gas rig and pipeline inspection, maintenance, subsea engineering and field operations services. The acquisition, expected to close by the end of […]
Source: Nortrade
Published: March 28, 2024