NEWS

Financial / Investment

Bloomberg: Norway’s $1 Trillion Man

Business

Category: Accounting / Financial

Yngve Slyngstad, CEO of the world’s biggest sovereign wealth fund, describes how it invests for his grandchildren’s grandchildren. By Jonas O. Bergman and Sree Vidya Bhaktavatsalam Norway’s clout in financial markets far outweighs its economy, which is about a 10th the size of Germany’s. The central bank’s $1 trillion investment fund plows the Nordic nation’s oil […]

Source: Bloomberg

Published: February 2, 2019


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Bloomberg: Nasdaq and Euronext Intensify Battle to Take Over Oslo Bors

Business

Category: Accounting / Financial

 Nasdaq has backing of board and the two largest shareholders  Euronext has secured majority support for its lower offer The fight for Oslo Bors intensified on Monday as Nasdaq Inc. made a formal takeover bid while Euronext NV signaled it may raise its offer to buy Norway’s main exchange. Nasdaq is ready to pay 152 […]

Source: Bloomberg

Published: April 2, 2019


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Norway Unemployment Holds at 4% as People Flock to Labor Market

Business

Category: Financial / Investment

Norway’s unemployment rate was unchanged at 4 percent in October for a fourth month as more people sought jobs, providing backing to the central bank’s plan to raise interest rates again over the next months. Surveyed unemployment edged up to 114,000 from 113,000 in September, while the number of employed grew to 2.714 million from […]

Source: Bloomberg


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Boyden Insights: A Big Buy for Big Blue

Business

Category: Financial / Investment

IBM has agreed to acquire the North Carolina-based cloud software firm for $34 billion. The tech pioneer, founded more than 100 years ago, is looking to transition beyond its legacy hardware and consulting business. CEO Ginni Rometty is especially keen to broaden subscription-based software offerings. IBM has seen years of declines both in software sales […]

Source: Boyden


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Norway Stays the Course for Another Rate Increase in Early 2019

Business

Category: Financial / Investment

Norway’s central bank kept its key interest rate unchanged and reiterated its intention to tighten again early next year as policy makers proceed cautiously in unwinding the record stimulus unleashed over the past years. Norges Bank on Thursday held its benchmark at 0.75 percent, as anticipated by all analysts surveyed by Bloomberg. The krone traded […]

Source: Bloomberg


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