Edition:
United States

Terje Solsvik

UPDATE 3-Norway holds rates at zero, hike still two years away

Sep 24 2020

* Crown currency weakens against euro (Updates with quote from governor, currency, adds context)

Norway wealth fund may move $50 billion into U.S. stocks from Europe

Sep 21 2020

OSLO Norway's $1.15 trillion sovereign wealth fund should shift more assets into the United States and Canada, while cutting its holdings in Europe, the country's minority government said on Monday.

Norway rates seen on hold at zero, but outlook may change - Reuters poll

Sep 21 2020

OSLO Norway's central bank is expected to keep its key interest rate at a record low zero percent this week, a Reuters poll found on Monday, leaving many economists to focus on any potential shift in the policy outlook.

UPDATE 2-Equinor to replace deficient wells at Norway oil and gas field

Sep 08 2020

* Field has seen multiple delays, not yet started output (Adds Total comment, details on the field)

Norway fund excludes firms over human rights violation risk

Aug 31 2020

OSLO Norway's $1 trillion wealth fund said it had excluded Taiwan's Formosa Chemicals and Fibre , Formosa Taffeta and India's Page Industries from its portfolio, saying they posed an "unacceptable risk for violation of human rights".

Billionaire Fredriksen names Svelland head of holding firm Seatankers

Aug 28 2020

OSLO Norwegian-born billionaire John Fredriksen appointed a hedge fund manager on Friday as next head of his family's key holding company, which controls assets ranging from oil tankers and rigs to real estate, fish farming and finance.

Norwegian Air aims to secure more cash this year as losses balloon

Aug 28 2020

OSLO Norwegian Air aims to secure funding this year for the next 18 months or more to see it through the COVID-19 pandemic, the budget airline said on Friday after reporting first-half losses of $610 million. | Video

Norway in recession as second-quarter GDP falls at record pace

Aug 25 2020

OSLO Norway's gross domestic product contracted in the second quarter at the fastest pace ever recorded as efforts to contain the coronavirus plunged the economy into a deep recession, data from the national statistics office (SSB) showed on Tuesday.

UPDATE 2-Norway in recession as second-quarter GDP falls at record pace

Aug 25 2020

* Full recovery 'will take time', analysts say (Adds currency, analyst, background)

Norway's wealth fund chief gives up hedge fund stake to keep job

Aug 24 2020

OSLO The businessman appointed by Norway's central bank to run the country's $1.1 trillion (841.7 billion pounds) wealth fund will transfer his stake in a hedge fund to a charitable foundation and restructure his other investments in a bid to keep his job.

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