NEWS

America is Getting Ready for Its Post-Pandemic Glow-up

Category: Business News

America is getting ready for its post-pandemic glow-up. Peak sweatpant has passed and high heels are hot again, in the ultimate symbol of an economy ready to let loose. Americans are booking beauty services, buying going-out clothes again, and readying for a “hot vax summer” as they emerge from lockdown looking and feeling different than they […]

Source: Business Insider

Norway’s Economy to Surpass Pre-Pandemic Level This Year

Category: Business News

The Norwegian economy is set to surpass its pre-pandemic size by the end of 2021 amid a strong rebound in growth, the International Monetary Fund (IMF) said in a report on Monday. Mainland gross domestic product (GDP), a key measure that excludes the volatile impact from Norway’s oil and gas output, is projected to swing […]

Source: Reuters

Norway Wealth Fund Should Invest in Fewer Companies, Government Says

Category: Business News

Norway’s $1.3 trillion wealth fund, the world’s largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and […]

Source: Reuters

Norway’s Central Bank Looks Beyond Covid-19

Category: Business News

Norway’s central bank has signaled that it plans to take the plunge by making the country the first developed nation to shift from pandemic-era policy and raise interest rates by the end of the year. The oil-rich country’s central bank, Norges Bank, said Thursday that a faster-than-expected pickup in global economic activity coupled with notable […]

Source: The Wall Street Journal

POLL-Norway central bank rates seen on hold next week, hike draws nearer

Category: Business News

Norway’s central bank is expected to leave its key interest rate unchanged next week at a record low 0.0%, but it may warn of a steeper rise ahead than previously forecast, amid signs of economic recovery, a Reuters poll of economists showed on Thursday.

The 24 participants in the poll were unanimous in predicting no change in the policy rate when the outcome is announced on March 18, in line with the central bank’s own view.

Source: Reuters