NEWS

Financial / Investment

Bloomberg: Richest Nordic Nation Gets Banking Giant After Rates Diverge

Category: Business and Investment News

Norway is the only Scandinavian country that never resorted to negative interest rates. It now seems clear that its monetary policy choices helped its biggest bank. DNB ASA, which is based in Oslo, has enjoyed growth in recent years as most of its biggest competitors have fallen behind. Its share price has swelled so much […]

Source: Bloomberg


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Reuters: Norway wealth fund, Prologis in $2 bln real estate acquisition

Category: Business and Investment News

OSLO, Nov 25 (Reuters) – Norway’s sovereign wealth fund and property investment group Prologis Inc have agreed to jointly buy a $1.99 billion logistics real estate portfolio, Norges Bank Investment Management (NBIM) said in a statement. “The portfolio consists of 127 properties located across multiple U.S. markets, including Southern California, San Francisco Bay Area, Seattle […]

Source: Reuters


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Bloomberg: Norway Unexpectedly Withdraws Cash From Massive Wealth Fund

Category: Business and Investment News

Norway unexpectedly took almost $400 million from its sovereign wealth fund in August, marking the first such withdrawal in over a year as western Europe’s biggest petroleum producer takes advantage of its enormous piggy bank amid a decline in oil prices. Tapping the world’s biggest wealth fund remains an extremely rare occurrence in Norway. The government made its first […]

Source: Bloomberg

Published: October 1, 2019


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Bloomberg: Norway’s Fund Wants to Add Up to $100 Billion in U.S. Stocks

Category: Business and Investment News

Norway’s wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its U.S. stock investments by as much $100 billion and take a larger chunk of the biggest technology companies. In a letter sent to the Finance Ministry released on Tuesday, the $1 trillion […]

Source: Bloomberg


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Bloomberg: DNB Eclipses Nordea as the Biggest Bank in the Nordic Region

Business

Category: Accounting / Financial

Norway’s DNB ASA has eclipsed perennial Nordic powerhouse Nordea Bank Abp as the biggest lender by market value in the Nordic region. DNB’s market value has now exceeded that of Nordea for the first time since the Helsinki-based lender was created through the merger of four Nordic banks at the end of 2001. Read entire […]

Source: Bloomberg


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