The latest stress test by Norges Bank Investment Management, the sovereign wealth fund managing the country’s oil and gas revenues, assessed the damage that four different catastrophes would have on its portfolio.
Tag: Norway
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TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: NORWAY FINDS MINERAL TROVE IN TERRITORIAL SEABED
After Sweden announced this month that it had found Europe’s largest deposit of rare earth minerals in Lapland (see “Europe’s Largest Rare Earths Deposit Discovered,” 24 Jan 2023) Norway said it has discovered a “substantial” lode of rare earths and metals on the seabed within its territorial waters, the Norwegian Petroleum Directorate (NPD) said in a statement.
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NORWAY’S CENTRAL BANK RAISES RATE BY SMALLER AMOUNT
Norges Bank, the central bank of Norway, added a quarter-point to its benchmark interest rate last week, after raising the rate by a half-point in September.