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 On Monday Aug. 24 Oslo’s stock exchange (Oslo Børs) hit its highest point so far this year, reports AFP. The OSEBX index rose to 313.04 points in morning trade before slipping back a touch to show a gain of 1.52 percent to 312.03 points in mid-afternoon deals. Oslo Børs is dominated by oil-related companies, [...]  “A surprise interest rate cut of one percent could result in a stock price increase of between seven and nine percent,” shows research study from BI Norwegian School of Management. Norges Bank surprised most experts by cutting the interest rate by as much as 1.75 percentage points during the final interest rate meeting in 2008. [...]  On April 16, it was 100 years since Hydro was first listed on the stock exchange. Shares in the company were first traded on the stock exchange in Kristiania, as Oslo was then called, on April 16, 1909. Later that year the share was also listed on the stock exchanges of Brussels, Geneva and [...]  Norway’s stock exchange plans to develop its own clearinghouse for share trades, becoming the latest European market to enter the lucrative clearing market in an effort to prop up profits and address investor concerns over counterparty risk. Oslo Børs ASA has no mechanism for clearing share trades — the steps that fall between committing to [...] |
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