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Norway's Yara Q1 lags forecast

Yara International, one of the world's largest producers of fertilisers, reported first-quarter profits that lagged forecasts on Friday as increased deliveries were offset by lower prices. (Reporting...

Yara shares drop 6% as Q1 profit lags forecast | Hellenic Shipping News Worldwide

UBS gets backing for capital plan, Ermotti pay from Norway wealth fund

LONDON (Reuters) -Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package. The vote from the Norwegian fund, UBS' second-largest shareholder, at the bank's annual general meeting this week is a boost for UBS, which is seeking to prop up its capital buffers to satisfy Swiss regulators' demands as it integrates its former rival Credit Suisse. The bonds can be converted into equity or written off.

UBS Gets Backing for Capital Plan, Ermotti Pay From Norway Wealth Fund

Norway's wealth fund posts $109 billion Q1 profit as tech stocks soar

OSLO -Norway's $1.6 trillion wealth fund, the world's largest, posted a record profit of 1.2 trillion crowns on Thursday for the first quarter of 2024, boosted by strong tech stocks and a continuing... -April 18, 2024 at 06:05 am EDT - MarketScreener

Norway's wealth fund posts record $109 billion Q1 profit as tech stocks soar

OSLO -Norway's $1.6 trillion wealth fund, the world's largest, posted a record profit of 1.2 trillion crowns on Thursday for the first quarter of 2024, boosted by strong tech stocks and a continuing... -April 18, 2024 at 06:05 am EDT - MarketScreener

Climate verdict for Swiss women a warning for European states, oil industry

Governments and companies that are lax on climate action should be worried since this week's European human rights court ruling against the Swiss government improves the odds that other such cases...

Climate Verdict for Swiss Women a Warning for European States, Oil Industry

Governments and companies that are lax on climate action should be worried since this week's European human rights court ruling against the Swiss

Analysis-Climate verdict for Swiss women a warning for European states, oil industry

By Gloria Dickie, Kate Abnett and Alison Withers LONDON/BRUSSELS (Reuters) - Governments and companies that are lax on climate action should be worried since this week's European human rights court ruling against the Swiss government improves the o...

Norway wealth fund will not invest in private equity, government says

OSLO (Reuters) -Norway's $1.6 trillion sovereign wealth fund, the world's largest, should not be allowed to include private equity investments in its portfolio at this time, the government said on Friday, in a setback for the fund's management. Norway's central bank, which runs the fund via an asset management unit, last year recommended allocating up to 5% of assets to private equity investments, currently corresponding to about $80 billion. "We've concluded that we do not open to unlisted stocks at this time," Finance Minister Trygve Slagsvold Vedum told a press conference, citing higher fees, lower transparency of information, and the need for a broad political consensus.