NEWS

Boyden Insights: A Big Buy for Big Blue

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

Norway Stays the Course for Another Rate Increase in Early 2019

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

The world’s largest sovereign wealth fund is getting stricter on the companies it invests in

Category: Financial / Investment

Norway’s $1 trillion sovereign wealth fund has said that it expects businesses to “manage the challenges and opportunities related to sustainable uses of the ocean.” Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund on behalf of the finance ministry, said Wednesday that companies should, among other things: integrate ocean sustainability into strategy; […]

Source: CNBC

Norway 3rd in “Most Productive Countries in the World” Ranking

Category: Culture / Lifestyle

With a new law barring work e-mail after hours, the French have honored a truth long recognized by economists: working longer hours doesn’t necessarily result in increased productivity. Mexico—the least productive of the 38 countries listed in 2015 data from the Organization for Economic Cooperation and Development (OECD)—has the world’s longest average work week at 41.2 […]

Source: Time

Norway’s $1 Trillion Wealth Fund Wants More Time to Shift Stocks

Category: Financial / Investment

Norway’s $1 trillion wealth fund recommended it be given more time to adjust its stock portfolio should it stray away from its 70% target. The recommendation is part of a review of the rebalancing rules after the government boosted the amount of shares it can hold from just above 60 percent. The fund also recommended […]

Source: Bloomberg

Published: May 5, 2024