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Norway plans to close its last coal mine in the Arctic by 2023

• 01 October, 2021
• 2:59 pm EEST

State-owned Norwegian Coal Company (SNSK) plans to close its last mine in the Arctic archipelago of Svalbard by 2023. The move is set to support Norway's goal to reduce its overall carbon emissions, even though it is a major oil…

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Is the Fed’s QE still working?

• 01 October, 2021
• 1:34 pm EEST

While the Fed reaffirms its commitment to full employment, some economists wonder how effective its bond purchase programme and low yields are in boosting the real economy right now. “At the beginning of the pandemic crisis, quantitative easing (QE) had…

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European Forex news roundup: the dollar remains stable, as equities make a little advance.

• 30 September, 2021
• 4:43 pm EEST

European Forex news roundup: the dollar remains stable, as equities make a little advance. Forex market headlines from the European trade session on September 30, 2021 The European session saw some minor pushing and pulling as the focus today is…

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Aramco plans to cut official oil selling prices in November For its customers in Asia

• 30 September, 2021
• 3:01 pm EEST

While the oil markets are waiting for the fifth of the month, when Aramco usually announces the official selling prices for crude to its customers around the world, sources expected the Saudi company to reduce prices for its customers in…

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Asian markets face a quarterly loss as the dollar rises on tightening prospects.

• 30 September, 2021
• 12:22 pm EEST

The dollar hovered below the previous session's one-year highs on Thursday on growing expectations the U.S. Federal Reserve will tighten policy in coming months, while Asian shares were headed for their worst quarter since the pandemic hit. Resolving "tension" between…

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