NEWS

Financial / Investment

Bloomberg: Norway’s $1 Trillion Wealth Fund Expands US Stakes Amid Rout

Category: Business News

  Norway’s $1trillion sovereign wealth fund has been bulking up on stocks that got hammered during March’s historic market decline, adding to stakes in companies such as Carnival Corp. and Royal Dutch Shell Plc. The fund has acquired holdings of 5% or more in seven U.S.-traded companies since mid-March, according to filings by Oslo-based Norges […]

Source: Bloomberg

Published: May 1, 2020


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Washington Post: Upbeat news on a possible coronavirus treatment powers U.S. stocks, lifting Dow more than 500 points

Category: Business News

Small but significant scientific advances against covid-19 sent stocks bursting upward Wednesday, all but ignoring sobering data that shows a U.S. economy in paralysis. Stocks are on pace for one of their best months in decades as the United States ramps up coronavirus testing and states take steps to emerge from the weeks-long lockdown. Wednesday’s rally picked […]

Source: Washington Post


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The Economist: The departing boss of Norway’s oil fund on building an asset manager

Category: Business News

There is a point in a conversation with Yngve Slyngstad when he invokes Bjorn Borg, the Nordic tennis star of the 1970s. The Borg approach—make sure you don’t lose; above all, be solid—is one Mr Slyngstad has instilled in Norges Bank Investment Management (NBIM), the organisation he has run since 2008 from within Norway’s central […]

Source: The Economist

Published: April 4, 2020


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Reuters: Hedge fund manager to lead Norway sovereign fund after $124 billion loss

Category: Business News

OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion (104 billion pounds) this year as stock markets tanked due to the coronavirus pandemic. Norwegian-born Nicolai Tangen, until now chief executive of AKO Capital, which […]

Source: Reuters


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Press Release: Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements with other central banks

Category: Business News

The Federal Reserve on Thursday announced the establishment of temporary U.S. dollar liquidity arrangements (swap lines) with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank (Denmark), the Bank of Korea, the Banco de Mexico, the Norges Bank (Norway), the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and […]

Source: The Federal Reserve


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