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Norway pauses wealth fund’s ethical divestments
Category: Accounting / Financial
OSLO, Nov 4 (Reuters) – Norway’s parliament on Tuesday voted in favour of pausing ethical divestments by its $2.1 trillion sovereign wealth fund, the world’s largest, while it updates the fund’s ethical guidelines.The move, proposed by the minority Labour government early on Tuesday, came at a time of intense international scrutiny on the fund’s ethical […]
Source: Reuters
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Financial Stability Report 2024 H2
Category: Accounting / Financial
Norges Bank’s Monetary Policy and Financial Stability Committee considers the financial system to be robust. Households and firms have so far been able to service debt in the face of high inflation and higher interest rates. Inflation has slowed and there are prospects for a lower policy rate. However, there is a risk of negative […]
Source: Norges Bank
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Citi Appoints Christian Aho as Country Head for Norway
Category: Accounting / Financial
April 4, 2024 – Citi has appointed Christian Aho as Country Head and Head of Banking for Norway. His appointment will be effective from May 1, and he will be based in Oslo to lead Citi’s Norwegian franchise. Christian joins Citi from HSBC, where he has held several senior positions. He was most recently working […]
Source: Cision
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Norway’s sovereign fund eyes long-term profit from market turmoil
Category: Accounting / Financial
OSLO, June 21 (Reuters) – The recent turmoil in global financial markets represents an opportunity for Norway’s $1.2 trillion sovereign wealth fund, to profit from it much like it did during the 2008-2009 financial crisis, its deputy chief said on Tuesday. As the world’s largest fund of its kind it owns 1.3% of all globally […]
Source: Reuters
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Risk Outlook – June 2022
Category: Accounting / Financial
The economies of Norway and several other countries are now characterised by high levels of activity and few available resources. However, the outlook for the global and Norwegian economies is highly uncertain. Supply chain disruptions, partly as a result of the Covid-19 pandemic and the war in Ukraine, have dampened growth prospects and contributed to […]
Source: Finanstilsynet
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