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Norway Fund to Invest $1.5 Billion in US Office Properties

Business

Category: Property / Real Estate

Norway’s sovereign-wealth fund, the world’s largest, agreed to buy stakes in three prime U.S. office buildings for about $1.5 billion, extending a real estate shopping spree as it seeks higher-yielding assets. Affiliates of Norges Bank Investment Management, which manages the Norwegian government’s global pension fund, is acquiring 45 percent interests the buildings from Boston Properties […]

Source: Bloomberg

Published: September 17, 2014


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Yara Seeks CF Merger for $20 Billion in Fertilizer Sales

Business

Category: Chemicals / Metals

Yara Internatinoal ASA is in merger talks with CF Industries Holdings Inc. that would enable it to expand in North America and create the world’s largest fertilizer supplier with about $20 billion in sales. Discussions are at an “early stage” with no guarantee of a transaction, Oslo-based Yara said today in a statement. Yara rose as […]

Source: Bloomberg

Published: September 23, 2014


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US Oil Output Surges to Highest Since 1986 on Shale

Business

Category: Energy

U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 barrels a day to 8.838 million, the most since March 1986, according to Energy Information Administration data. The combination of horizontal drilling and hydraulic fracturing, or […]

Source: Bloomberg

Published: September 17, 2014


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US Trade Deficit – Trade Agreements are Part of the Solution

Business

Category: Trade

Over the years, Americans have grown accustomed to regular press accounts of the U.S. trade deficit. But in 2012 — for the 20 countries with which the United States has entered into a free-trade agreement (FTA) — the trade deficit vanished. That’s right: It disappeared, and it hasn’t come back. Unnoticed at the time, the […]

Source: US Chamber of Commerce

Published: September 12, 2014


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Norwegian salmon headed for strong year to US

Business

Category: Business and Investment News

2014 could see Norway’s salmon exports to the US reach the highest level seen since 2010 and even the late 1980s, reported the salmon news website iLaks.no. Driven in part by the ban in Russia and trade difficulties with China, Norwegian exporters have turned to alternative markets such as the US. The North American country […]

Source: undercurrentnews.com

Published: September 9, 2014


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