NEWS

Accounting / Financial

Bloomberg TV: Norway’s Olsen Says Central Bank Is Not Hawkish

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Category: Accounting / Financial

Norges Bank Governor Øystein Olsen discusses interest rates, the krone and global economic risks after the central bank kept its deposit rate at 1.50% on Thursday, as expected, and stuck to its main message that a tightening cycle started over a year ago has now been shelved. Olsen speaks with Bloomberg’s Jonas Cho Walsgard in […]

Source: Bloomberg


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Bloomberg: Norway’s $1.1 Trillion Wealth Fund to Deepen Climate Risk Work

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Category: Accounting / Financial

Norway’s $1.1 trillion sovereign wealth fund plans to expand its work on assessing climate risk, from pushing for better company reporting to expanding flood analysis for its real estate assets. The Norwegian fund, the biggest of its kind, already has a variety of instruments to measure how climate change may affect demand, spur regulation or […]

Source: Bloomberg


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Bloomberg: Norway’s Krone Hits Record Low Against Euro

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Category: Accounting / Financial

Norway’s krone hit the weakest on record against the euro, surpassing the previous record set during the 2008 financial crisis. The krone touched 10.1641 per euro at 2:45 p.m. in Oslo, according to Bloomberg data, amid pressure from global tensions and weakening oil prices. Read entire article HERE.

Source: Bloomberg


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Bloomberg: DNB Eclipses Nordea as the Biggest Bank in the Nordic Region

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Category: Accounting / Financial

Norway’s DNB ASA has eclipsed perennial Nordic powerhouse Nordea Bank Abp as the biggest lender by market value in the Nordic region. DNB’s market value has now exceeded that of Nordea for the first time since the Helsinki-based lender was created through the merger of four Nordic banks at the end of 2001. Read entire […]

Source: Bloomberg


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Bloomberg: Walmart Is Now Ethical Enough for Norway’s $1 Trillion Wealth Fund

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Category: Accounting / Financial

Norway’s $1 trillion wealth fund revoked its more than decade-long exclusion on Walmart Inc. after the U.S. retailer tightened control over potential human rights abuses in its supply chain. Walmart has made “positive developments” in monitoring its suppliers, the fund’s Council on Ethics said in a statement released Tuesday. “Furthermore, the company engages actively in selected, high-risk […]

Source: Bloomberg


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