Norway's trillion-dollar sovereign wealth fund plans to dump oil and gas companies from its benchmark index, the finance ministry announced on Friday.
div > div.group > p:first-child"> The move is designed to reduce the aggregate oil price risk in the Norwegian economy, Finance Minister Siv Jensen said in a statement on its website.
After a strong start to 2019 for stocks, the Norges Bank website said late last month that the fund is currently valued at $1.03 trillion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman records avalanche crashing toward central Norway homeCOPENHAGEN, Denmark (AP) — A Norwegian woman showed she had quick wits and a cool head by recording a video of a 'dramatic' avalanche as it cascaded toward her house. Gunn Gravem Isaksen, a...
Read more »
Inter-continental conflict ends peacefully as Norway agrees Canada’s got the bigger mooseAn intercontinental conflict ended peacefully Wednesday as Norway agreed: Canada’s got the bigger moose. One *could* call it.... a moose truce.
Read more »
Intercontinental conflict ends peacefully as Norway agrees Canada’s got the bigger mooseThe emissaries signed a “moosarandum of understanding,” though onlookers preferred the term “moose truce.”
Read more »
Norway fund to sell exploration, production firms, keep integrated energy stocksNorway's trillion-dollar sovereign wealth fund, the world's biggest, w...
Read more »
Athletics: Teenager Ingebrigtsen wins again as Norway thriveNorway enjoyed a bumper night at the European Indoor Athletics Championships on ...
Read more »
Five Books By Women That Will Help You Understand What The Hell's Going On In The WorldWomen authors on war, surveillance, politics, and the refugee crisis.
Read more »
AI Is About To Take The Ship's Helm Away From HumansShips around the world are beginning a transformation into autonomous machines, leveraging the same advances in artificial intelligence that's shaking up the automotive world.
Read more »
She might just be the strongest mom in the worldVirginia Tuells' act with her husband evolved from a traditional “strong man lifts and balances the woman” routine into something few audiences have seen: Tuells lifts her 150-pound husband over her head as he balances in a handstand. - TODAYShow
Read more »
Women's work: Meet the female pioneers thriving in once-male domainsTo mark International Women's Day, photographers around the world captured women breaking down barriers of gender bias.
Read more »
#InternationalWomensDay celebrated around the worldWomen protests against sexual harassment, discrimination, and inequality, highlights that 'women's rights are human rights.'
Read more »
Amazon can be a 'necessary evil' for small retailers around the worldThe visibility and accessibility offered by e-commerce and tech giants comes at a price for global retailers.
Read more »