News

Norway To Cut 2012 Growth Forecast

Business

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: December 17, 2018


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Norway Braced for Worsening of Euro Crisis, Finance Minister Says

Business

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: December 17, 2018


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Norway’s Eksportfinans Cut to Junk by Moody’s Amid Wind Down

Business

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: December 17, 2018


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Only Excellence is Good Enough

AmCham

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: December 17, 2018


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Norwegian Energy, Defense Industries Hit by Extensive Data-Theft Attack

Business

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: December 17, 2018


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