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Business 29 May 2019 | 12:00 AM

Norway’s oil industry eyes 17% growth in investments this year

OSLO: Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country’s statistics agency (SSB) showed.

Business 28 May 2019 | 8:14 AM

Norway’s oil industry eyes 17% growth in 2019 investments

OSLO: Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country’s statistics agency (SSB) showed on Tuesday.

Business 03 May 2019 | 8:48 AM

Economists split on whether Bank Negara will cut key rate on May 7

KUALA LUMPUR: Malaysia's central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said.

Business 22 Apr 2019 | 12:26 AM

Firmer China economy, US-China trade deal to shore up ringgit

KUALA LUMPUR: Firmer China economic data and a possible US-China trade deal should help shore up the ringgit over the longer term though the local unit could face some headwinds over the shorter term.

Corporate News 13 Mar 2019 | 12:07 AM

Norwegian fund may exit O&G exploration firms

PETALING JAYA: Hibiscus Petroleum Bhd and Reach Energy Bhd will likely lose Norway’s sovereign wealth fund as a shareholder as the latter is considering an exit from its global investment in oil and gas (O&G) exploration and production (E&P) companies.

Plantations 28 Feb 2019 | 12:23 PM

Norway's wealth fund ditches 33 palm oil firms over deforestation

KUALA LUMPUR: Norway's $1 trillion sovereign wealth fund, the world's largest, has pulled out of more than 33 palm oil companies over deforestation risks during the last seven years, a green group said on Thursday.

Corporate News 08 Nov 2018 | 12:10 AM

Big investors sue 16 banks in US over currency market rigging

NEW YORK: A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly US$5.1 trillion-a-day foreign exchange market.

Business 20 Sep 2018 | 12:00 AM

Norway may raise interest rates

STOCKHOLM: Expectations for Norway to increase interest rates couldn’t be any higher, but don’t expect the krone to benefit that much.

Business 14 Sep 2018 | 12:00 AM

Norway, Abu Dhabi courted to back Benko’s property fund

VIENNA: Austrian real estate investor Rene Benko is in talks with the sovereign wealth funds of Norway and Abu Dhabi to lure fresh capital to back his expansion, according to a source.

Corporate News 05 Sep 2018 | 6:37 AM

Norway’s US$1 trillion fund to beef up scrutiny of sustainability, ocean pollution

OSLO: Norway’s US$1 trillion sovereign wealth fund will demand that companies in which it invests follow stricter guidelines on global sustainability, including efforts to combat plastic pollution of the oceans, the fund’s manager said on Wednesday.