Norway

DNB Asset Management, a unit of Norway’s largest financial group DNB Bank ASA (OTC: DNBBY), increased its position in Apple Inc. (NASDAQ: AAPL), Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO) in the second quarter, while also initiating stakes in Palantir Technologies Inc. (NYSE: PLTR)...

Tesla Inc (NASDAQ: TSLA) will begin opening up its Supercharger network to rival electric automakers starting September 2022, as per an Electrek report.  What Happened: As per the report, the Elon Musk-led electric vehicle company had recently been in contact with officials in Norway to...

Nio Inc (NYSE: NIO) said on Friday it has secured a key European Whole Vehicle Type Approval (EWVTA) for the electric seven-seater sports utility vehicle ES8, paving the way to officially launch the model in Norway and the European market at large. What Happened: Nio said ES8 is officially approved...

Nio, Inc. (NYSE: NIO) unveiled its ambitious plan to enter the Norway electric vehicle market, its first overseas foray, at a live-streamed press conference Thursday. The press conference kickstarted with introductions by Nio's local hires in Norway, followed by a formal welcome...

Sales of Volkswagen AG’s (OTC: VWAGY) Audi electric vehicles have shot past Tesla Inc (NASDAQ: TSLA) in Norway, according to the Norwegian Road Federation (OFV), CNN reported. What Happened: In 2020, Audi sold 9,227 of its e-tron EVs in the Nordic country, while the Elon Musk-led company was...

Chinese electric vehicle company Xpeng is beginning its expansion into Europe with a launch in Norway. What Happened: The first 100 Xpeng G3 electric sedans from Xpeng Inc (NYSE: XPEV) have arrived in Norway. The company told Cleantechnica that deliveries will being in mid-December. The G3...

Norway’s sovereign wealth fund will have to liquidate assets in order to make “room to maneuver” through an economic crisis, according to Bloomberg.  This is the first time in its history that Norway’s sovereign wealth fund is having to liquidate its assets,...

The partnership between Norges Bank Investment Management (NBIM) and Prologis, Inc. has acquired a logistics property in the London suburb of Greenford. The acquisition, completed in August, was announced in late October. NBIM paid £35.1 million ($45.3 million) for a 50% interest in the property,...

The world's largest sovereign wealth fund is now valued at more than $1 trillion. Norway's sovereign wealth fund held $900 billion in assets as of March 2017, and it has gained $100 billion since then, Bloomberg reported. On Tuesday at 2:01 local time, the country's sovereign wealth...

Ransomware cyberattacks broke out Tuesday from the United States to India to Russia, where computer systems monitoring radiation at the site of the former Chernobyl nuclear plant were knocked offline. The attacks affected roughly 150 countries, including government offices and infrastructure in the...

Norway's sovereign wealth fund stands at $900 billion and owns more than 1 percent of the entire world's stocks. Needless to say the fund managers are paying particularly close attention to geopolitical concerns we've seen on many occasions can drive the direction of investments across...

The "Trump rally" helped Norway's $900 billion Government Pension Fund Global pocket a $53 billion profit last year. According to a Bloomberg report, Norway's sovereign wealth fund, the world's largest wealth fund, notched a 6.9 percent return thanks in part to the stock market's strong surge after...

Erna Solberg, Norway’s Prime Minister, was caught playing Pokémon Go in Parliament last Tuesday. Yes, a head of state was trying to catch the Japanese monsters while other members of Parliament were debating issues. It's no secret that Solberg is a fan of Nintendo Co., Ltd (ADR...

U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...

British voters voted in favor of leaving the European Union Thursday, sending global equity futures and the British pound into a downward spiral. In the essence of keeping things real, do not bet on the iShares MSCI United Kingdom ETF (iShares Trust (NYSE: EWU)) or the Guggenheim CurrencyShares...