Decision out of norway where it says its keeping its key policy rate unchanged at. 75 . To be honest going into this Rate Decision that was going to be a very close call. Jp morgan, for example, expected the probability of action to be around 40 but we got no change in the main Interest Rate but lets have a look at some of the commentary because the outlook for the norwegian economy is a drop in Oil Prices Just over the last quarter and also the outlook for the economy. Now the norway central bank, Household Consumption and private Sector Investment expected to be lower than expected and also lower investment in the oil space. But look at how its fairing against the euro. Its weakening and that means strengthening in the crona. So that was a close call and maybe a little bit of disappointment here that they did not move just yet but many analysts out there now expected them to cut rates by 25 basis points at the march meeting. Lets check in on the survey and were looking at declines at
Issued a profit warning on russia while ge cites sluggish Energy Markets for lowering its guidance. Analysts suggest the 1. 2 billion price tag is too high. But the ceo telling cnbc the deal will create a true winner in the imaging therapy space. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its another volatile trading session for the russian ruble with the russian currency strengthening sharply versus the u. S. Dollar after the countrys finance Ministry Said it has started to sell foreign currency stocks. The ruble has lost over 20 versus the greenback on the week. Now, the micex, meanwhile, has fallen into the red after opening initially in the green. The msvi has warned it could reclassify russia to stand alone Market Status if its excluded from the emerging market index. There could be further pain on the way for russia. The white house says president obama is expected to sign into legislation further sanctions over russia over the
Wall streets biggest bank is giving new hope to bankrupt detroit. We have all that and more tonight on nightly Business Report for wednesday, may 21st. Good evening, everybody, im susie gharib. And im bill griffin, Tyler Mathisen is on assignment. Well hear from him later in the segment, but the bulls, the return on the major averages making all of tuesdays losses back and more getting a boost from the fed minutes, meaning they had most recently. They met to talk about the nations Central Banks and raising Interest Rates. But they gave no time table about when they might raise those rate itses. And with that, stocks edging into the green edged even higher. The dow up 158 points seeing its biggest oneday gain in five weeks. The nasdaq rose 34, the s p 15. While they offered no time frame on raising rates or further tapering, the stimulus plans, they did show a debate about the longterm unemployed. And one economists theory on the groups impact on the overall economy. Steve liesman has m
Wall streets biggest bank is giving new hope to bankrupt detroit. We have all that and more tonight on nightly Business Report for wednesday, may 21st. Good evening, everybody, im susie gharib. And im bill griffin, Tyler Mathisen is on assignment. Well hear from him later in the segment, but the bulls, the return on the major averages making all of tuesdays losses back and more getting a boost from the fed minutes, meaning they had most recently. They met to talk about the nations Central Banks and raising Interest Rates. But they gave no time table about when they might raise those rate itses. And with that, stocks edging into the green edged even higher. The dow up 158 points seeing its biggest oneday gain in five weeks. The nasdaq rose 34, the s p 15. While they offered no time frame on raising rates or further tapering, the stimulus plans, they did show a debate about the longterm unemployed. And one economists theory on the groups impact on the overall economy. Steve liesman has m
Wall streets biggest bank is giving new hope to bankrupt detroit. We have all that and more tonight on nightly Business Report for wednesday, may 21st. Good evening, everybody, im susie gharib. And im bill griffin, Tyler Mathisen is on assignment. Well hear from him later in the segment, but the bulls, the return on the major averages making all of tuesdays losses back and more getting a boost from the fed minutes, meaning they had most recently. They met to talk about the nations Central Banks and raising Interest Rates. But they gave no time table about when they might raise those rate itses. And with that, stocks edging into the green edged even higher. The dow up 158 points seeing its biggest oneday gain in five weeks. The nasdaq rose 34, the s p 15. While they offered no time frame on raising rates or further tapering, the stimulus plans, they did show a debate about the longterm unemployed. And one economists theory on the groups impact on the overall economy. Steve liesman has m