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Terje Solsvik

Norway central bank rates seen on hold after recent hikes: Reuters poll

16 Oct 2019

OSLO Norway's central bank is expected to keep its key policy interest rate on hold next week and is unlikely to hike again in the foreseeable future, a Reuters poll of economists found on Wednesday.

Ethiopia's Abiy wins Nobel Peace Prize for resolving conflict with Eritrea

11 Oct 2019

OSLO Ethiopian Prime Minister Abiy Ahmed won the 2019 Nobel Peace Prize on Friday for his peacemaking efforts which ended two decades of hostility with longtime enemy Eritrea. | Video

Norway to spend less wealth fund cash amid strong growth: government

07 Oct 2019

OSLO Norway plans to spend less money next year from its $1.1 trillion sovereign wealth fund, the world's largest, as economic growth remains strong and unemployment declines, the center-right majority government said on Monday.

Norwegian Air's Sept. passenger income up less than forecast

04 Oct 2019

OSLO Norwegian Air's income per passenger rose less than expected in September, although its aircraft were more full than at the same time last year, the airline's monthly traffic report showed on Friday.

Sluggish recovery seen for Norwegian, Swedish currencies: Reuters poll

04 Oct 2019

OSLO/STOCKHOLM The Norwegian and Swedish currencies will remain stagnant against the euro in the near term and only partly reverse their recent weakness over the next year, a Reuters poll of foreign exchange strategists showed on Friday.

Norway sovereign wealth fund to divest oil explorers, keep refiners

02 Oct 2019

OSLO Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices, the finance ministry said late on Tuesday.

Fire on oil tankers at South Korean port injures ten

28 Sep 2019

SEOUL/OSLO A fire that spread across two oil tankers in a South Korean port injured 10 people on Saturday, coastguard and fire officials said, adding the blaze had largely been put out.

UPDATE 2-Lonely Norway raises interest rates, but less chance for another hike

19 Sep 2019

* Crown currency initially strengthens before fading (Adds quotes, background, updates currency)

Norwegian Air's bondholders back debt relief plan

16 Sep 2019

OSLO Norwegian Air's bondholders have accepted the company's plea to postpone repayment of $380 million by up to two years, the carrier said on Monday, providing the loss-making airline some financial relief and sending its shares higher.

Europe orders urgent Airbus helicopter checks after Norway crash

11 Sep 2019

OSLO European regulators have ordered immediate checks on recently delivered versions of some Airbus helicopters after a crash in Arctic Norway last month killed five Norwegians and their Swedish pilot.

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