Oil fund may triple 2013 bonus payments

Bonus payments made this year to external managers of Norway’s huge so-called “oil fund” may be triple the amount initially estimated in 2012. The fund, formally known as The Norwegian Pension Fund – Global, is one of the world’s largest sovereign wealth funds. The oil fund was established in 1990 as a fiscal policy tool to [...]

Stock Exchange rallies despite fears

Norwegians have begun predicting the possible consequences of the unfolding drama in international markets for the country, as the Oslo Stock Exchange itself put days of successive falls behind it to close trading up 1.06 points to 348.05 on Tuesday. The index fell dramatically at the start of trading but rallied quickly, boosted by a [...]

Oslo Stock Exchange continues fall

The Oslo Stock Exchange’s main index fell by 5.65 percent to 344.39 by the end of trading on Monday, as turbulence in the international financial markets continued and predictions that a new financial crisis was on the way gathered pace. In step with other European indexes, the Oslo Stock Exchange rallied during the morning after [...]

Oslo stocks spring forward

The Oslo Stock Exchange (OSE) enjoyed its best trading day of the year on Monday, when the first day of March signaled a good start to the spring after a long, cold winter. OSE’s main index jumped 2.7 percent to 359.9 in active trading. Oil prices have risen to nearly USD 80 a barrel in [...]