NEWS

Bloomberg: Norway’s Wealth Fund Surges $84 Billion in First Quarter

Category: Business News

Norway’s $1 trillion wealth fund gained $84 billion in the first quarter, or $16,000 per citizen, after it took advantage of a market sell-off late last year to build its massive portfolio. Return was 9.1 percent, or 738 billion kroner ($84 billion) Stocks rose 12.2 percent, bonds 2.9 percent and real estate 1.7 percent Fund […]

Source: Bloomberg

Published: May 5, 2019

Reuters: Norway’s wealth fund extends ownership of New York real estate

Category: Business News

Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday. “The partnership between Norges Bank Investment Management (NBIM), Trinity Church Wall Street and Hines has extended the remaining 72-year ownership […]

Source: Reuters

Bloomberg: Norway’s $1 Trillion Man

Category: Accounting / Financial

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 income into public securities and has become the biggest of its kind, owning about 1.4 percent of global stocks. Yngve Slyngstad, who grew up in Asker […]

Source: Bloomberg

Published: February 2, 2019

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

Category: Accounting / Financial

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 kroner a share for Oslo Bors VPS Holding ASA, valuing it at 6.54 billion kroner ($770 million), which is […]

Source: Bloomberg

Published: April 2, 2019

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

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