wealth

Norway's wealth fund eyes low-carbon society in energy investments

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OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund, the world’s largest, will generally shun investments in energy sources such as coal that are unlikely to be needed in a future low-carbon society, it said on Friday. In 2016, the Norwegian parliament mandated the fund, which invests Norway’s revenues from oil and gas production in Read More

‘Turkcoin’ crypto must be launched ‘before it’s too late’ – Ankara MP

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Turkish authorities are considering a proposal to create a state-controlled “national bitcoin” named ‘Turkcoin.’ It would be backed by the state’s sovereign wealth fund, according to local media reports. “The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it’s too late,” Turkey’s former Industry Minister Read More

Norway's sovereign wealth fund buys 245 million pounds stake in UK's Shaftesbury

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(Reuters) – The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftesbury from Invesco, regulatory filings showed on Thursday. Shaftesbury owns and manages retail, office and residential properties in the prime London districts of Soho and Covent Garden. Norges Bank Investment Management (NBIM), the world’s largest Read More

Tech, industrial shares drive Wall Street higher

1 day ago DieselGasoil Comments Off on Tech, industrial shares drive Wall Street higher
(Reuters) – Wall Street’s main indexes rose on Thursday, led by gains in technology and industrial shares as investors looked past fears of more interest rate hikes this year. Minutes of the Federal Reserve’s latest meeting showed on Wednesday that the policymakers were more confident in the need to keep raising rates, with most believing Read More

Fed points upwards for rates, world stocks lurch downward

1 day ago DieselGasoil Comments Off on Fed points upwards for rates, world stocks lurch downward
LONDON (Reuters) – World stocks tumbled to one-week lows on Thursday after the U.S. Fed confirmed it was on track to raise interest rates several times this year, sending bond yields to new multi-year highs. While U.S. 10-year yields retreated after nearing the psychologically key 3 percent level, the minutes of the U.S. Federal Reserve’s Read More

S&P, Dow falter after six days of gains as Walmart weighs

3 days ago DieselGasoil Comments Off on S&P, Dow falter after six days of gains as Walmart weighs
(Reuters) – The S&P and the Dow slipped after six straight days of gains on Tuesday, hurt by disappointing quarterly results from Walmart and a rise in bond yields. Shares of the world’s biggest brick-and-mortar retailer (WMT.N) fell more than 9 percent after the company reported a lower-than-expected profit and posted a sharp drop in Read More

Lebanon ready to confront any ‘Israeli aggression at all costs’ – army

4 days ago DieselGasoil Comments Off on Lebanon ready to confront any ‘Israeli aggression at all costs’ – army
The Lebanese army has reaffirmed its readiness to confront the “Israeli aggression” by any means at its disposal if the ongoing disputes and already tense relations between the neighbors escalate into an armed confrontation. “I reaffirm again our categorical rejection of the Israeli enemy infringing on Lebanon’s sovereignty and its sacred right to exploit all Read More

Sanctions & NATO pressure will make Russians look out of ‘deep black hole,’ Biden thinks

5 days ago DieselGasoil Comments Off on Sanctions & NATO pressure will make Russians look out of ‘deep black hole,’ Biden thinks
Former US Vice President Joseph Biden delivered an impassioned speech which alternated between attacking Russia and praising the US-led world order, while omitting the essence of the ongoing Cold War redux. Biden, a former senator and America’s second-highest official for two terms, took to the podium at the Munich Security Conference (MSC) on Friday evening Read More

Biden: With more sanctions & NATO pressure, Russians will look West, away from ‘deep black hole’

5 days ago DieselGasoil Comments Off on Biden: With more sanctions & NATO pressure, Russians will look West, away from ‘deep black hole’
Former US Vice President Joseph Biden delivered an impassioned speech which alternated between attacking Russia and praising the US-led world order, while omitting the essence of the ongoing Cold War redux. Biden, a former senator and America’s second-highest official for two terms, took to the podium at the Munich Security Conference (MSC) on Friday evening Read More