NEWS

Financial / Investment

Norway sovereign wealth fund to co-lead class action in SVB bankruptcy

Category: Business News

OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). SVB’s collapse in March was the trigger for the worst banking shock since the 2008 global […]

Source: Reuters


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Norway’s Third-Quarter GDP Rebound Keeps Rate Hike in Play

Category: Business News

Norway’s economy eked out a slight gain last quarter, helped by unusually wet weather, likely keeping alive bets the central bank will extend tightening. Mainland gross domestic product, which excludes Norway’s offshore industry, grew 0.1% from the previous three months, when it was unchanged, the statistics office said on Thursday. The development was weaker than both a […]

Source: Bloomberg


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What is Coming for Outbound Investment Screening?

Category: Business News

In this second article of our three-part series on outbound investment screening, we explore the outbound investment screening proposals from both the United States and the European Union and their future effects on Nordic companies. US Outbound Investment Screening Regulations Turning our attention first to the US outbound investment screening, we find that the US […]

Source: Sanctions Advisory


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Norway wealth fund CEO says it is using AI to deploy capital

Category: Business News

NEW YORK, Nov 8 (Reuters) – Norway’s $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state’s revenues from oil and gas production in equities, bonds, property and renewable […]

Source: Reuters


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Norway Retail Sales Surprise With Biggest Jump in 6 Months

Category: Business News

Norwegian retail sales rose more than expected in May, jumping the most in six months, led by hardware stores and petrol stations, in another sign that consumers show resilience to rising costs. Seasonally adjusted retail sales, excluding motor vehicles, rose 1.2% from April, compared with a median forecast of 0.2% gain in a Bloomberg survey […]

Source: Bloomberg


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