Statoil, the biggest listed Norwegian company by market capitalisation on the Oslo exchange, has seen its share price fall after Moody’s joined Standard & Poor’s and downgraded the company’s senior unsecured debt. The rating for senior unsecured debt has dropped to Aa3 from Aa2, reports local business daily Dagens Næringsliv. The downgrade follows a previous […]
The Norwegian Fund and Asset Management Association, VFF, has said that it is disappointed with the way statistics, such as those for equity fund flows, have been interpreted to paint a picture of crisis in the industry.
Pareto analyst Andreas Stubsrud believes the level of global investment in oil exploration and production will hit $1trn annually by 2017.
Insulin maker Novo Nordisk has replaced Statoil as the biggest Nordic company by market cap, according to reports in Danish and Norwegian media.
Norway’s government has today estimated that the value of assets held by the country’s so-called oil fund are less than the estimated value of reserves in the country’s continental shelf territory.
The Swiss National Bank decision yesterday to effectively devalue the Swiss franc has led to chaos hitting trading in the Norwegian krone as one of the few other currencies investors are willing to buy.
Confirmation by Norway’s Statoil and partner Sweden’s Lundin Petroleum that they have made one of the biggest oil discoveries in the North Sea since the 1980s has caused related Nordic stocks to rocket.