NEWS

Financial / Investment

Report: The Fund in a changing world— The Government Pension Fund Global and new economic and political developments

Category: Business News

The Commission was appointed by Royal Decree on 3 September 2021 to examine which international economic and political developments may be of relevance to the Government Pension Fund Global some years into the future, as well as their potential implications for the management of the Fund. The Commission is hereby submitting its report. Its recommendations […]

Source: Regjeringen


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Norway Wealth Fund Sets Net-Zero Target for Portfolio Firms

Category: Business News

Norway’s $1.2 trillion sovereign wealth fund will require the companies it invests in to reach net-zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition.” Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050, even […]

Source: Bloomberg


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Norway firms see growth slowing in next six months, survey says

Category: Business News

OSLO, June 14 (Reuters) – Norwegian companies expect economic growth to slow in the coming six months, a central bank survey showed on Tuesday, driven by high inflation, capacity constraints and expected higher interest rates dampening demand. “Constraints have become increasingly widespread across all sectors in the course of spring, except retail trade where somewhat […]

Source: Reuters


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Norway keeps rates on hold, remains on track for June hike

Category: Business News

OSLO, May 5 (Reuters) – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan to raise the cost of borrowing in June amid rapidly rising inflation. Norges Bank’s monetary policy committee unanimously agreed to keep the rate steady at 0.75%, as predicted by a Reuters poll of […]

Source: Reuters


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Norway wealth fund earns second-highest return in 2021

Category: Business News

OSLO, Jan 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, with the biggest boost coming from tech stocks, it said on Thursday. The $1.3 trillion fund’s return on investment stood at 14.5% for the […]

Source: Reuters


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