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Norway Banking News. Service for global professionals. Constantly updated news and information about Norway.
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Latest Norway Banking News

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  • Corporate giants like Nucor sitting on piles of cash 8 Nov 2009 06:16 GMT
    ... Corporate giants like Nucor sitting on piles of ... proposed $3 billion acquisition of Tandberg, a Norwegian firm involved in video communication, more appealing. ... rely heavily on bank loans — and banks haven’t been lending as freely as before. ...

  • Association of Bankers announces new exchange rate 7 Nov 2009 11:56 GMT
    ... The following are the average inter-bank exchange rate of ... as issued by the Ghana Association of Bankers on Friday, November 6, 2009. Currency GHANA ... 0.0158 0.0161 New Zealand Dollar 1.0359 1.0568 Norwegian Kroner 0.2524 0.2570 Swedish Kroner 0.2051 0.2088 ...

  • Class is now in session 7 Nov 2009 01:34 GMT
    ... early this morning, as speculative interest was banking on Friday's US jobs report to yield ... the economic aftershocks of market corrections. Central banks in Australia and Norway recently noted rising property prices when raising interest ...

  • Concern over Iceland EU bid as public support tanks 7 Nov 2009 00:14 GMT
    ... us that requested that they apply." "Remember Norway under the Santer commission, we got as far ... into their default eurosceptic position. "With the banking collapse, there was a panic. a huge majority ...

  • How inertia became the iron law of Irish politics 7 Nov 2009 01:56 GMT
    ... to act have deepened, respectively, the fiscal, banking and jobs crises beyond those of peer countries. ... ministers are never MPs: Austria, the Netherlands, Norway, Sweden and Switzerland. Delusions of Irish democratic superiority ...

  • BoE 'shows faith' with £25bn in QE 7 Nov 2009 06:36 GMT
    ... said rates are likely to start rising in the middle of next year. “Central banks in Israel, Australia and more recently Norway have begun to raise inte- rest rates in 2009. The UK, US and Eurozone are ...

  • Risk appetite weighs on dollar 7 Nov 2009 03:54 GMT
    ... Published: November 6 2009 10:53 | Last updated: ... the market regarded these moves by central banks as a show of confidence in the ... 1.7 per cent to C$1.0660 and the Norwegian krone gained 1 per cent to NKr5.6745. ...

  • Knocking on Norwegian Wood 5 Nov 2009 17:43 GMT
    ... he would undoubtedly have entitled his song Norwegian oil, but whatever way you want to put it Norway is back in the news, and this ... in the hot seat by lifting the banks main rate by 25 basis points to ...

  • UPDATE 1-Norway says not seeking more cash for banks 6 Nov 2009 14:10 GMT
    ... OSLO, Nov 6 (Reuters) - Norway said on Friday it will no longer ... funding costs threatened Norway's otherwise apparently sound banking system. But as the road to recovery ... financing requirement for 2010 is 44.2 billion Norwegian crowns," the Finance Ministry said in a ...

  • FACTBOX - Central banks look towards the exit 6 Nov 2009 08:20 GMT
    ... markets are looking for clues when central banks will begin to remove the extraordinary measures ... financial crisis to support liquidity. Australia and Norway have raised rates and Japan and India have ... October, BOE policymaker Adam Posen said the banking system needed to be largely fixed before ...

  • Norway finmin says not seeking more cash for banks 6 Nov 2009 12:23 GMT
    ... OSLO, Nov 6 (Reuters) - Norway will not ask for authorisation to enter ... under the Government securities swap facility with banks, it said on Friday. The facilities were ... government borrowing of up to 50 billion Norwegian crowns ($8.77 billion) in new long-term domestic ...

  • Crisis hits banks' ship loans in Asia 4 Nov 2009 20:30 GMT
    ... Crisis hits banks’ ship loans in Asia Published: ... crisis, a Singapore minister said on Wednesday. “Banks that remain open are, in turn, taking ... of Asia for DnB Nor Bank, the Norwegian investment bank, said the financial situation had ...

  • Banks quit Asian shipping finance 5 Nov 2009 02:30 GMT
    ... Published: November 5 2009 02:00 | Last updated: ... updated: November 5 2009 02:00 Half the banks that provided shipping finance in Asia have ... of Asia for DnB Nor Bank, the Norwegian investment bank, said the financial situation had ...

  • Watching Central Banks' Statements for Direction 2 Nov 2009 19:13 GMT
    ... statements from the FOMC and other central banks around the world, here is what I ... worried is the Fed about inflation? Central bankers don’t speak off the cuff. Paul Volcker ... raised rates so far, i.e. Australia and Norway, are mainly resource based economies?) If you ...

  • Top central banks yet to move for exit 6 Nov 2009 07:12 GMT
    ... Bank (ECB) headquarters in... The top central banks have shown little inclination yet to choke off ... remove stimulus -- those in Australia and Norway have already raised rates. ECB President Jean-Claude Trichet ... buy up to $200 billion to keep mortgage costs low. Some analysts took that as ...


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