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Norway To Cut 2012 Growth Forecast
Category: Financial / Investment
The government of the oil-rich Nordic country had expected the economy, excluding activity from the oil and shipping sectors, to grow 3.1 percent in 2012, up from a forecast 2.8 percent growth in 2011. “The government will cut the 2012 growth forecast for the Norwegian economy,” Prime Minister Jens Stoltenberg told reporters on Tuesday, after […]
Source: Reuters
Published: April 25, 2024
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Norway Braced for Worsening of Euro Crisis, Finance Minister Says
Category: Financial / Investment
“The best thing we can do in Norway is to prepare for that things can go from bad to worse in Europe,” Johnsen said today in an interview in Oslo. “We have seen some increases in yields in both Spain and France and that shows that this isn’t over and that uncertainty is still high.” […]
Source: Bloomberg
Published: April 25, 2024
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Norway’s Eksportfinans Cut to Junk by Moody’s Amid Wind Down
Category: Financial / Investment
The issuer and senior-debt ratings of Eksportfinans, which helps foreign investors buy Norwegian goods and services, were cut seven steps to Ba1 from Aa3, Moody’s said today. The Oslo- based company had 192 billion kroner ($33 billion) in outstanding debt securities at the end of September, according its website. “There might be some forced sellers” […]
Source: Bloomberg / San Francisco Chronicle
Published: April 25, 2024
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Only Excellence is Good Enough
Category: AmCham News
The ultimate societal-industrial race is well underway to develop the future’s Global Knowledge Hubs that promote expertise, cooperation, and innovation – hubs that are on the same level as the Life Science Hub in Boston, the Oil & Gas Hub in Houston, the Silicon Valley in California or the Singapore Maritime Hub. Bergen has long […]
Source: Norway Communicates
Published: April 25, 2024
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Norwegian Energy, Defense Industries Hit by Extensive Data-Theft Attack
Category: Technology
HOW IT WAS DONE: The methods varied, but in some cases individually crafted emails would trigger malicious software that would sweep recipients’ entire hard-drives for data and steal passwords, documents and confidential documents. NOT KNOWN: The Norwegian National Security Authority did not name any companies or institutions that were targeted.
Source: The Associated Press
Published: April 25, 2024
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