Norway Raised Interest Rate with More Hikes Likely Depending on Coronavirus Impact

Norway’s central bank, the Norges Bank’s Monetary Policy and Financial Stability Committee unanimously raised the policy rate from 0.25 percent to 0.5 percent on Thursday as widely expected. The bank and said more hikes were likely next year although that would depend on the impact of a surge in coronavirus infections and the emergence of the Omicron variant. Norges Bank’s action was its second hike in three months, as predicted economists polled by Reuters and in line with the central … Continue reading “Norway Raised Interest Rate with More Hikes Likely Depending on Coronavirus Impact”

Norsk Hydro Sees Brazil Alumina Refinery Restart Later In Mid 2019

Norway’s aluminium producer Norsk Hydro reported higher than expected earnings on Tuesday boosted by higher aluminium and alumina prices. $NHYDY results came after both Alcoa and Aluminum Corp of China warned on tariffs and trade. Brazil still weighs.

The Lands of the Free -Scandinavia, Canada, Netherlands and Australia

The drums of war  are loud in the Middle East with Iran, Syria and Yemen  all vulnerable or in conflict. With the historic meeting between North Korea and the US to confirm the ending of nuclear weapons in the zone, what is Freedom and who are the most free?

Aluminum Prices Boost Norsk Hydro But Brazil Environmental Scandal Sours

Norway’s aluminium producer Norsk Hydro reported higher than expected earnings on Wednesay boosted by higher aluminium and alumina prices. $NHYDY results came after both Alcoa and Aluminum Corp of China missed expectations. 

Norway Sovereign Wealth ‘Oil’ Fund Hits $US 1 Trillion

Norway’s sovereign wealth fund ‘The Fund’ just reached a massive $US1 trillion in value. The so called ‘oil fund’ is the envy of most countries, particularly countries with large commodity resources such as Saudi Arabia and Australia. Norway is a lesson in foresight and saving for the future and taking account of finite resources and their limitations. This is the antithesis of the US Federal Reserve and Bank of Japan who live in hope and kick the can down the … Continue reading “Norway Sovereign Wealth ‘Oil’ Fund Hits $US 1 Trillion”