According to the results of the first quarter, the Norwegian State Pension Fund reported on the largest volume of profit from investments in NOK in its history. The indicator reached 9.1%. At the end of last year, the first net loss of a Norwegian fund in 7 years was recorded. The return on investment during the earnings period was 738 billion NOK. Its growth was promoted by the increase in the value of investments in securities of high-tech companies. From investments in shares, the fund recorded a profit of 12.2%. Investment in bonds brought it a profit of 2.9%. Profit from real estate investments was at 1.7%. Following the new regulatory structure of investments introduced in 2017, the fund increased the share of shares in its investments in the last quarter to 69.2%. The share of bonds was 28%, real estate - 2.8%. The market value of the fund's assets as of May 3 was approximately $1 trillion 56 billion.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...