NEWS

Financial / Investment

Bloomberg: CEO of Norway’s Wealth Fund Has Too Much Cash for Banks

Category: Business News

Norway’s banks can’t absorb the hundreds of millions of dollars in cash that the new CEO of the country’s wealth fund needs to deposit as part of an agreement he struck to allow him to take on the role. Nicolai Tangen, who started running the world’s biggest sovereign investor last month, agreed to liquidate his […]

Source: Bloomberg

Published: October 1, 2020


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Reuters: Norway holds rates at zero, hike still two years away

Category: Business News

Norway’s central bank kept its policy interest rate on hold at a record-low zero percent on Thursday, as expected, and said any increase was still likely to be two years away, in line with its June statement. Economists polled by Reuters unanimously predicted rates would remain on hold on Thursday, but some had expected the […]

Source: Reuters


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Bloomberg: Norway Targets Lower Oil-Wealth Spending in Budget, Sanner Says

Category: Business News

Norway’s Covid-related economic-support measures need to be phased out gradually and the government’s use of oil money should be tightened in the 2021 budget, the country’s finance minister said. In an interview with E24.no, Jan Tore Sanner said he has a clear goal of reducing the use of oil revenue, and believes it should happen as early […]

Source: Bloomberg

Published: January 8, 2020


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E24: Norges Banks milliardkjøp vekker internasjonal interesse

Category: Business News

I juni vil Norges Bank kjøpe kroner for 2,3 milliarder per dag. Det er det høyeste noensinne, og skjer for å dekke økte utgifter til redningspakker i coronakrisen. Pengene tas fra Oljefondet, som er investert i utlandet, og må derfor veksles inn i norsk valuta. – Vi har fått en del spørsmål fra utenlandske hedgefond […]

Source: E24


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Bloomberg: Masters of $1 Trillion Fund Reap Rewards of a Very Good Idea

Category: Business News

In one of the world’s richest countries, the finance minister may soon need to break the spending record he just set. For Jan Tore Sanner, the 55-year-old who’s been running Norway’s finances since January, that’s not really a problem thanks to a couple of choices his country made a while back. After Norway first discovered […]

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