(Bloomberg) -- Norway’s employers and two industrial trade unions clinched an agreement on wages with the help of the state mediator, averting a wide-ranging...
-- Norway ’s employers and two industrial trade unions clinched an agreement on wages with the help of the state mediator, averting a wide-ranging strike.Israel Backs Out of Khan Younis to Prepare ‘Future Operations’
The two unions represent parts of the manufacturing industry exposed to international competition. In Norway, the outcome of these talks sets the starting point for wage negotiations in other sectors. The “agreement has strengthened our belief that Norwegian households and the economy will experience a better development ahead, even with the rate hikes we have behind us,” Nordea Bank Abp’s analysts Dane Cekov and Kjetil Olsen said in a note to clients. “A better economic development implies that the urge for rate cuts is lessened and we thus still don’t expect a first rate cut from Norges Bank until December.
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