NEWS

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

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

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 […]

Source:

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

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