NEWS

Financial / Investment

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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Norway Wealth Fund CEO Sees Market Weakness, Inflation Threat

Category: Business News

(Bloomberg) — The head of Norway’s $1.4 trillion wealth fund said he expects a lengthy period of weakness in financial markets and warned that inflation could be the most significant challenge ahead. Nicolai Tangen, chief executive officer of Norges Bank Investment Management, told Germany’s Frankfurter Allgemeine Zeitung that after achieving an average rate of return […]

Source: Bloomberg


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ESG Ratings Scores ‘Very Rarely’ Help, Norway Wealth Fund Says

Category: Business News

(Bloomberg)  The biggest owner of stocks in the world tends not to look at the headline numbers provided by ESG ratings firms, and says only by digging into the underlying data does it find the information needed to guide portfolio decisions. “We very rarely, if ever, use the ratings numbers,” said Patrick du Plessis, the […]

Source: Bloomberg


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FOREX-Norway’s Crown Leads Charge vs. U.S. Dollar After Cbank Rate Hike

Category: Business News

Norway’s crown led currencies against a struggling dollar on Thursday after the Norges Bank became the first central bank in the developed world to raise interest rates in the post-pandemic era. Norway’s decision to hike interest rates a quarter of a percentage point to 0.25% overshadowed a decision by the Federal Reserve to start tapering […]

Source: Reuters


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