47797
Norway Wealth Fund Struggling
World Economy

Norway Wealth Fund Struggling

Norway’s $890 billion Sovereign Wealth Fund, the world’s biggest, may have eked out a gain in second quarter as broad stock and bond indexes rose, Bloomberg reported. The fund, which will release its report on Wednesday, has had losses for three of the past four quarters, struggling to navigate market turbulence at the same time as it faces the first-ever withdrawals by the government. Pressured by a collapse in oil prices, western Europe’s biggest crude producer is planning to lift more than $10 billion from its piggy bank this year to plug budget holes.

 

Short URL : http://goo.gl/G3Sm7h
  1. http://goo.gl/OpFDFQ
  • http://goo.gl/Xdetla
  • http://goo.gl/xKkmlJ
  • http://goo.gl/9hx46y
  • http://goo.gl/xpsdKK

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
There are indications that investments in digital economy will...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Hedge Funds End H1 in Red
Hedge Funds ended the first half in negative territory as the...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...

Trending

Googleplus