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Oceans of opportunity: Cities increasing trade with Norway

Business

Category: Financial / Investment

Philadelphia is a city of firsts—the birthplace of the nation, Declaration of Independence, U.S. Constitution, and countless others. On March 30, a first step was taken in “selling” Norwegian businesses on the viability of the City of Brotherly Love for future investment. The Norwegian American Chamber of Commerce Philadelphia, along with representatives from the city, […]

Source: Norwegian American

Published: May 22, 2017


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Wilhelmsen to buy Drew Marine Technical Solutions

Business

Category: Financial / Investment

Wilhelmsen has signed an agreement to acquire the technical solutions business from Drew Marine, a leading manufacturer and provider of advanced performance chemicals and technical solutions to the maritime industry. This acquisition offers a unique opportunity to enhance the scale and geographic reach of our marine products division,” says Thomas Wilhelmsen, group CEO about Wilhelmsen’s […]

Source: Wilhelmsen

Published: May 22, 2017


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Norway’s wealth fund hits NOK 8 trillion milestone

Business

Category: Financial / Investment

The value of Norway’s sovereign wealth fund, the world’s largest, rose to a record 8 trillion Norwegian crowns ($935 billion) on Tuesday, data from its manager showed, increasing the money available for public spending. The fund, run by a unit of the central bank, invests proceeds from Norway’s oil and gas industry in foreign stocks, […]

Source: Reuters

Published: May 22, 2017


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Norway’s Jensen Sees Growing Economic Optimism

Business

Category: Financial / Investment

Norway’s Finance Minister Siv Jensen discusses the state of the global economy with Bloomberg’s Tom Keene and Francine Lacqua at the IMF and World Bank spring meetings in Washington. Please see the video HERE.

Source: Bloomberg

Published: May 22, 2017


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Biggest Sovereign Wealth Fund Proposes to Curb CEO Bonus Plans

Business

Category: Financial / Investment

Norway’s $915 billion wealth fund proposed reining in long-term incentive packages for chief executive officers, saying a “substantial proportion” of pay should be provided in shares that are locked in for as long as 10 years. Pay practices should also be simple and avoid putting undue strain on corporate governance and allotted shares shouldn’t have […]

Source: Bloomberg

Published: April 7, 2017


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