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AFTER months of drama and doubt, Nicolai Tangen is finally set to become the chief executive of Norway’s $1.2 trillion wealth fund. He says staying cool in the face of unpopularity was key.
OSLO: Norway's $1.15 trillion sovereign wealth fund posted a loss of 188 billion Norwegian crowns ($21.27 billion) in the first half of 2020 as stocks and real estate holdings fell in value during the COVID-19 pandemic, it said on Tuesday.
World’s biggest fund in CEO appointment controversy
OSLO: In one of the world’s richest countries, the finance minister may soon need to break the spending record he just set.
OSLO: Norway's $1 trillion sovereign fund said on Wednesday it had excluded four Canadian oil and gas companies from its portfolio for producing excessive greenhouse gas emissions, its first use of that reason to blacklist firms.
JAPAN’S Government Pension Investment Fund (GPIF) has been a trailblazer in promoting the need to incorporate environmental, social and governance issues into the day-to-day job of portfolio construction. With US$1.6 trillion under management, it has a lot of firepower in the investing world.
OSLO: The new head of Norway’s $1.1 trillion sovereign wealth fund will likely be a Norwegian citizen, the outgoing chief executive officer said in an interview with local news service E24.no.
HONG KONG: Haier, the world’s biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at US$7.7bil private, according to sources.
TOKYO: Australia’s dollar slipped to a five-month low after minutes from the central bank’s latest policy meeting showed it is likely to lower interest rates again.
Six months on from the euphoria that greeted full Internet access for mobile phones on the communist-run island, frustrated Cubans complain it is too expensive, too slow and crippled by government censorship.