Norges Bank

5 results

Norges Bank, the central bank that manages the oil fund, recommended that the investor be allowed to hold up to 1 per cent of its equity portfolio in unlisted companies. rPhotograph: iStock

Norway’s $1 trillion (€902 billion) oil fund should be able to invest in large unlisted companies, according to the investor’s manager, as it seeks gr(...)

Traders work on the floor of the New York Stock Exchange on Thursday. On the day, the S&P 500 index recovered from its worst two-day fall since August. Photograph: Brendan McDermid/Reuters

European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a mar(...)

BlackRock’s stake in CRH has increased by 0.29 per cent to 9 per cent. Photograph: Brenda Fitzsimons

BlackRock, the world’s largest asset manager, has increased its stake in Irish building materials group CRH and Bank of Ireland, by 0.29 and 0.07 per (...)

JP McManus: Norway’s sovereign fund has bought a Paris building from JP McManus and John Magnier for €1 billion. Photograph: Dara Mac Donaill

The Norwegian sovereign wealth fund’s €1 billion purchase of a Paris office and retail building from Irish horse-racing tycoons John Magnier and JP Mc(...)

JP McManus (pictured) and John Magnier sold the property to Norges Bank Real Estate Management. Photograph: Dara Mac Donaill

Horse-racing tycoons John Magnier and JP McManus have sold an office and retail building on Place Vendome in Paris to Norway’s oil-rich sovereign weal(...)