Edition:
United States

Victoria Klesty

Norway to spend less wealth fund cash amid strong growth: government

Oct 07 2019

OSLO Norway plans to spend less money next year from its $1.1 trillion sovereign wealth fund, the world's largest, as economic growth remains strong and unemployment declines, the center-right majority government said on Monday.

Norway will not ban Huawei from 5G mobile network: minister

Sep 26 2019

ELVERUM, Norway Norway does not plan to block China's Huawei Technologies[HWT.UL] from building the country's 5G telecoms network, cabinet minister Nikolai Astrup told Reuters, a decision that puts it at odds with NATO ally the United States.

Aluminum maker Norsk Hydro aims to cut costs again

Sep 24 2019

OSLO Norsk Hydro, one of the world's largest aluminum producers, aims to get its cost-cutting efforts back on track after major operational setbacks in the last year-and-a-half, its chief executive said on Tuesday.

Fire put out on tanker at Norway's Sture oil terminal

Sep 13 2019

OSLO A fire onboard an oil tanker at Norway's Sture crude export terminal has been put out, the fire service told Reuters on Friday.

Neptune Energy to be ready for IPO by April 2020: CFO

Sep 12 2019

OSLO Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday.

Norwegian Air asks for more time to pay off bonds

Sep 02 2019

OSLO Norwegian Air is asking bondholders for up to two more years to pay back $380 million of outstanding debt, in the loss-making airline's latest attempt to shore up its finances. | Video

Norway wealth fund should move more investment to North America, central bank says

Aug 27 2019

OSLO Norway's $1 trillion sovereign wealth fund should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets to seek higher returns, the fund's manager recommended on Tuesday.

Trafigura takes stake in Frontline in $675 million tanker deal

Aug 23 2019

OSLO Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura [TRAFGF.UL] in a cash and share deal worth up to $675 million which will make the Geneva-based trading firm the group's second biggest shareholder.

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