Terje Solsvik

Oslo

Editor at Thomson Reuters

Reporting Nordic news at Reuters. Opinions are my own. Retweets are not endorsements

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Articles

Volvo Construction Equipment to Sell Stake in China's SDLG for $837M

4 days ago | gurutrade.com | Stine Jacobsen |Terje Solsvik |Louise S. Rasmussen

COPENHAGEN, June 24 (Reuters) - Volvo's Construction Equipment (CE) unit said on Tuesday it will sell its 70% stake in China's Shandong Lingong Construction Machinery Co to a fund primarily owned by minority owner Lingong Group for 8 billion Swedish crowns ($837 million). In a separate statement, Volvo CE said it had agreed to buy engineering consultancy company Swecon's business operations in Sweden, Germany and the Baltics for 7 billion Swedish crowns ($731.45 million).
As war and tariffs fog the outlook, some central banks trim rates

1 week ago | theglobeandmail.com | John Revill |Terje Solsvik
Why the Fed and ECB are no longer on the same page

1 week ago | sg.finance.yahoo.com | John Revill |Terje Solsvik

John Revill and Terje Solsvik Thu, 19 June 2025 at 8:39 am GMT-4 4 min read By John Revill and Terje Solsvik ZURICH (Reuters) -The Swiss and Norwegian central banks became the latest European rate-setters to ease monetary policy on Thursday, citing a weaker inflation outlook that contrasted sharply with the Federal Reserve's warnings about higher U.S. prices.
Norway central bank cuts rates in surprise move, eyes further reduction

1 week ago | ca.finance.yahoo.com | Terje Solsvik

OSLO (Reuters) -Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction since 2020 and with more to come later this year, in a decision that took most analysts by surprise and weakened the currency. "The economic outlook is uncertain, but if the economy evolves broadly as currently projected, the policy rate will be reduced further in the course of 2025," Norges Bank said in a statement.
Norway central bank cuts rates in surprise move, eyes further reduction

1 week ago | sg.finance.yahoo.com | Terje Solsvik

Terje Solsvik Thu, 19 June 2025 at 4:18 am GMT-4 2 min read By Terje Solsvik OSLO (Reuters) -Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction since 2020 and with more to come later this year, in a decision that took most analysts by surprise and weakened the currency.
Equinor Picks CEO of Energy Trader as new Head of Gas and Power Division

1 week ago | gurutrade.com | Stine Jacobsen |Terje Solsvik

COPENHAGEN, June 17 (Reuters) - Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday. Danske Commodities' Chief Financial Officer Jakob Sorensen, who joined the company 20 years ago as a power trader, will take over as new CEO as of September 1, it said in a statement.
Norwegian athletics coach Ingebrigtsen avoids jail in high-profile family case

1 week ago | kfgo.com | Terje Solsvik |Stine Jacobsen

By Terje Solsvik and Stine JacobsenOSLO (Reuters) -A Norwegian court on Monday found athletics coach Gjert Ingebrigtsen guilty of one count of minor assault against his daughter, while acquitting him of the more severe charges of abuse against his Olympic champion son Jakob and his daughter. Ingebrigtsen was sentenced to a 15-day suspended prison sentence and must pay compensation of 10,000 Norwegian crowns ($1,000) to his daughter for hitting her with a wet towel on one occasion.
Swedish Economy Shrinks in Q1, Boosting Case for Interest Rate Cut

4 weeks ago | gurutrade.com | Simon Johnson |Terje Solsvik |Rachna Uppal

STOCKHOLM, May 30 (Reuters) - Sweden's economy contracted in the first quarter compared to the previous three months, government data showed on Friday, increasing the likelihood of an interest rate cut by the central bank over the coming months. Global trade frictions had cast a pall over the economy and increased uncertainty about the outlook, the government said earlier this month, as it trimmed its forecast for GDP growth this year and next.
Volvo Cars to slash 3,000 jobs in white-collar cutback

1 month ago | cp24.com | Anna Ringstrom |Marie Mannes |Terje Solsvik |Jan Harvey

STOCKHOLM - Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs represent around 15 per cent of the company's office staff, with close to three-quarters of job losses expected to occur in Sweden and the rest in the company's global operation, Volvo Cars said in a statement.
US lifts ban on New York offshore wind project after natgas pipe compromise

1 month ago | today.westlaw.com | Stephen Coates |Terje Solsvik |Nora Kamprath Buli |Stine Jacobsen

LOS ANGELES/OSLO (Reuters) -The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas...