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May 6, 2024
Asian news from Norway
Viking shares rise more than 10% after cruise line operator's market debut
Viking is not your typical cruise operator.
World’s largest sovereign wealth fund says green backlash is a chance for it to 'phase in' — not out
Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash.
Crewless cargo? Autonomous shipping aims to overcome safety, trust concerns to reach mainstream
A cargo tanker off the coast of Norway completed a 13-hour journey last year — but it wasn't a regular ship.
‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
The chief executive of the world's largest wealth fund says there are many wild cards in financial markets right now, butthe "big worry" for investors is what a commodities rally could mean for the inflation outlook.
World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza.
Growing demand for minerals sparks Indigenous outcry over ‘business as usual’ mining practices
BRASILIA, Brazil (AP) — Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
Norway's giant sovereign wealth fund on Thursday reported a first-quarter profit of 1.21 trillion kroner ($110 billion), supported by robust returns on its investments in technology stocks.