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The Latest Breaking News from Norges Bank

Musk's Net Worth Nosedives as Tesla Shares Drop 5% Overnight After Major Investor Rejects $1T Pay Deal

Elon Musk's net worth fell by $17.5 billion after Tesla's shares tumbled 5%, amid opposition from Norges Bank and others to his $1 trillion pay proposal.

International Business Times UK

Real estate star Fredrik Eklund says wealthy homebuyers ares splurging on at-home ‘biohacking’: Cold plunges, IV drips, hot tubs, and infrared saunas

Real estate star Fredrik Eklund says wealthy homebuyers ares splurging on at-home ‘biohacking’: Cold plunges, IV drips, hot tubs, and infrared saunas

‘Million Dollar Listing’ star Fredrik Eklund says his millionaire clientele are spending big bucks to do popular wellness trends at home—the same rituals promoted by CEOs leading Whole Foods, Thrive Market, and Norges Bank.

Are sovereign wealth funds dumping Israeli investments?

Are sovereign wealth funds dumping Israeli investments?

The world’s largest fund will review its investment in Israeli companies amid Israel’s growing diplomatic isolation.

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Norway MPs reject call to stop wealth fund investing in Israeli-occupied Palestinian territories

Parliament votes against divestment proposal after tearful speeches in chamber and protests outside

The Guardian - UK

Norway’s government is being pushed to rethink ‘illogical’ ethical ban on its $1.8 trillion sovereign wealth fund investing in defense

“We are currently facing the most serious security crisis since World War II," Tina Bru of Norway’s Conservation party told Fortune.

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’

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

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Norway Wealth Fund Excludes Three Companies Over Ethical Concerns

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

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 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’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

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.

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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.

Birmingham Post

Boohoo shares rise sees Norway's central bank cash in

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

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.

Birmingham Post

Norges Bank becomes second largest investor in Boohoo

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

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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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