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The Latest Breaking News from Norges Bank

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decade

The Independent UK

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

“We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”

Nvidia Is One Of The Richest Public Wealth Fund's Biggest 9 Bets

Nvidia Is One Of The Richest Public Wealth Fund's Biggest 9 Bets

It's easy to get wrapped up with which S&P 500 stocks billionaires are buying or selling. Giant global sovereign funds are worth watching.

Investors Business Daily

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Norway Wealth Fund Excludes Three Companies Over Ethical Concerns

Norges Bank's sovereign wealth fund excludes companies for ethical reasons, promoting sustainable and responsible investing practices.

New Mexico’s Experiment With Recapturing Natural Gas Raises Questions

Meanwhile, banks help fossil fuel giants raise more than $1 trillion via “hidden” financial support.

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

The Independent UK

Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Guardian - UK

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Amazon Shareholders Seek To Question Pay, Tax, Working Conditions in CEO Andy Jassy's First Annual Meet

Amazon Shareholders Seek To Question Pay, Tax, Working Conditions in CEO Andy Jassy's First Annual Meet

Amazon.com Inc (NASDAQ: AMZN) shareholders look to challenge its executive pay, tax transparency, working conditions, and unionization as CEO Andy Jassy faces his first annual meeting,

Why Nio And Electric Vehicle Peers Are Plunging In Hong Kong Today

Why Nio And Electric Vehicle Peers Are Plunging In Hong Kong Today

Shares of U.S.-listed Chinese electric automakers Nio Inc.

World's Biggest Sovereign Wealth Fund Cashes Out Of Rivian, Trims Tesla Stake, But Bulks Up On This Chinese EV Maker

World's Biggest Sovereign Wealth Fund Cashes Out Of Rivian, Trims Tesla Stake, But Bulks Up On This Chinese EV Maker

Norges Bank, the central bank of Norway and the sponsor of the world's biggest sovereign wealth fund (the Norwegian Oil Fund), has substantially changed its allocation toward electric vehicle stocks in the first quarter.

Norwegian Central Bank Substantially Reduces Stakes In Alibaba And This Chipmaker: Here's What Norges Bought Instead

Norwegian Central Bank Substantially Reduces Stakes In Alibaba And This Chipmaker: Here's What Norges Bought Instead

Amid the ongoing tech rout, Norges Bank made some cosmetic moves on its tech investments, barring a few liquidations and stake builds.

Boohoo shares rise sees Norway's central bank cash in

Boohoo shares rise sees Norway's central bank cash in

Norges Bank had previously been the largest institutional investor in the group

Birmingham Post

Norwegian Central Bank Scoops Up Beaten-Down Nio Stock In Q4: Should You Buy The Dip Too?

Norwegian Central Bank Scoops Up Beaten-Down Nio Stock In Q4: Should You Buy The Dip Too?

Nio, Inc. (NYSE: NIO) stock has been on a downward spiral since it hit an all-time high of $66.99 in early January 2021. Taking advantage of the retreat, Norges bank accumulated shares of the Chinese EV startup in the fourth quarter of 2021.

Norges Bank becomes second largest investor in Boohoo

Norges Bank becomes second largest investor in Boohoo

The move comes after the bank first acquired a stake in December 2021

Birmingham Post

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NATO chief Stoltenberg named to head Norway central bank despite opposition

NATO Secretary General Jens Stoltenberg will become Norway's new central bank chief, the government said on Friday, despite opposition worries that the appointment of the former prime minister could weaken Norges Bank's independence.

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