Business News

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


World’s Most Gender-Diverse Corporation Says Secret to Success Is Childcare


Category: Accounting / Financial

One of Europe’s best capitalized and top performing banks was also just named the world’s most gender diverse corporation. DNB ASA, Norway’s biggest bank, achieved the highest score for equality between the sexes of all corporations in the Equileap Gender Equality Global Report & Ranking of 2021, published this month. DNB’s chief executive, Kjerstin Braathen, […]

Source: Bloomberg


Norsk Hydro To Divest Rolling Business Area To KPS Capital Partners In €1.38 Bln Deal

Category: Business News

Norwegian aluminium and renewable energy company Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Friday said it has entered into an agreement to sell its Rolling business to KPS Capital Partners for 1.38 billion euros on an enterprise value basis. Hydro said the agreed deal price would result in a reduction of 856 million euros in pension […]

Source: Nasdaq


New US Work Visa Restrictions Impact Schengen Area Executives

Category: Business News

On March 2, 2021, the Secretary of State rescinded the previous national interest determination regarding categories of travelers eligible for exceptions under Presidential Proclamation (PP) 10143 as related to the Schengen Area, United Kingdom, and Ireland.  The previous national interest determination covered certain technical experts and specialists, senior-level managers and executives, treaty-traders and investors, professional […]

Source: US Department of State


Baker Hughes and Akastor ASA announce joint venture company

Category: Business News

Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad […]


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