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Norsk Hydro – Acquisition of Sapa completed
Category: Chemicals / Metals
Norsk Hydro’s acquisition of Orkla’s 50% ownership in Sapa was completed today, October 2, giving Hydro full ownership in the global leader in extruded aluminium solutions and making Hydro a leading force in the global aluminium industry. The combination makes Hydro the only global company in the aluminium industry that is fully integrated across the […]
Source: Nasdaq
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Norks Grudersatsning i USA
Category: Financial / Investment
Stian Rustad har gravd dypt i egen lommebok for å sette USA-drømmen ut i spill. Med 200 millioner av egne midler satser sky-gründeren friskt for å erobre et av verdens viktigste markeder. Det er ERP-løsningen 24sevenoffice Rustad har klokketro på. 44-åringen var i sin tid med å starte skyselskapet som skal ha vært et av de […]
Source: Digi
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Norway Signals Earlier Tightening in Bet Inflation Will Recover
Category: Business News
Norway’s central bank indicated it could raise interest rates sooner than earlier anticipated after taking stock of the country’s improved economic outlook and growing signs of tightening by its counterparts around the world. Despite inflation remaining well below target, Norges Bank kept its key policy rate at 0.50 percent (where it’s been since March 2016) while revising […]
Source: Bloomberg
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The World’s Biggest Wealth Fund Hits $1 Trillion
Category: Energy
Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. The milestone valuation was reached for the first time on Sept. 19 at 2:01 a.m. in Oslo, Norges Bank Investment Management said in a statement on Tuesday. “I don’t think anyone […]
Source: Bloomberg
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Nowcasting Tells the Story: Norway’s Been Fixed
Category: Financial / Investment
If Norwegian central bank governor Oystein Olsen is looking for backing to start normalizing monetary policy after years of record stimulus, he should be reading the newspapers. Or better yet, he could just take a look at Norway’s Financial News Index, a big data tool that plows through financial media for clues on the economy. […]
Source: Bloomberg
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