NEWS

Financial / Investment

The world’s largest sovereign wealth fund is getting stricter on the companies it invests in

Business

Category: Financial / Investment

Norway’s $1 trillion sovereign wealth fund has said that it expects businesses to “manage the challenges and opportunities related to sustainable uses of the ocean.” Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund on behalf of the finance ministry, said Wednesday that companies should, among other things: integrate ocean sustainability into strategy; […]

Source: CNBC


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Norway 3rd in “Most Productive Countries in the World” Ranking

Business

Category: Culture / Lifestyle

With a new law barring work e-mail after hours, the French have honored a truth long recognized by economists: working longer hours doesn’t necessarily result in increased productivity. Mexico—the least productive of the 38 countries listed in 2015 data from the Organization for Economic Cooperation and Development (OECD)—has the world’s longest average work week at 41.2 […]

Source: Time


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Norway’s $1 Trillion Wealth Fund Wants More Time to Shift Stocks

Business

Category: Financial / Investment

Norway’s $1 trillion wealth fund recommended it be given more time to adjust its stock portfolio should it stray away from its 70% target. The recommendation is part of a review of the rebalancing rules after the government boosted the amount of shares it can hold from just above 60 percent. The fund also recommended […]

Source: Bloomberg

Published: October 21, 2018


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Norway to Tamp Down on Oil Spending After Wealth Fund Deposits

Business

Category: Financial / Investment

Norwegian Prime Minister Erna Solberg is ready to start reining in oil spending after the government began putting money back into the sovereign wealth fund again. The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor […]

Source: Bloomberg

Published: October 21, 2018


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Swedish Economy Set to Slow in 2019 as Norway Takes Lead

Business

Category: Financial / Investment

Sweden’s economic prospects have dimmed in recent months and the country will likely be surpassed by Norway as the fastest-growing Scandinavian economy in 2019, a Reuters poll found on Tuesday. It would be the first time in more than half a decade Sweden failed to top the region’s growth league, although it was still set […]

Source: Reuters

Published: October 21, 2018


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