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
Category: Government
Joint Press Statement from US Secretary of Commerce Ross and Commissioner Jourová on the EU-U.S. Privacy Shield Review This week, officials from across the United States Government, the European Commission, and EU data protection authorities gathered in Washington, DC to conduct the first annual review of the EU-U.S. Privacy Shield Framework established in 2016. This […]
Source: European Commission
Category: Government
The state-based movement to continue meeting the goals of the Paris Agreement on climate change following President Trump’s choice to withdraw is making headway. The U.S. Climate Alliance, as the group is called, said Wednesday that it is on track to meet and possibly surpass its portion of the Paris Agreement’s targets of a 24% to 29% […]
Source: Market Watch
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
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