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OSLO — Norway's sovereign wealth fund, the world's largest, will streamline its $300 billion fixed-income portfolio by cutting emerging market bonds from the benchmark index it tracks, the Finance Ministry said on Friday.
Government and corporate bonds with a total value of $17 billion at the end of 2018 would be affected, according to a Reuters calculation based on fund data.
These are issued by Chile ($362 million), the Czech Republic ($50 million), Hungary ($63 million), Israel ($117 million), Malaysia ($1.9 billion), Mexico ($5.7 billion), Poland ($1.05 billion), Russia ($1.2 billion), South Korea ($6.3 billion) and Thailand ($241 million), the ministry said in a statement listing the countries, with the amounts taken from fund data.
"Along with certain adjustments to...
April 05, 2019
Norway to cut 10 EM countries from wealth fund's fixed-income benchmark
April 05, 2019
Musk safe for now as US judge urges Tesla CEO, SEC to end tweet dispute
April 05, 2019
Samsung Electronics flags 60% slump in Q1 operating profit
April 05, 2019
US blocks Amazon efforts to stop shareholder votes on facial recognition
April 05, 2019
Jet crisis deepens, lessors to de-register more planes over 10 days — sources
April 04, 2019
South Korea launches 5G networks early to secure world first
FRANKFURT — Bayer, Germany's largest drugmaker, said it had contained a cyber attack on its computer networks it believes was hatched in China, highlighting the risk to big business of data theft and disruption.
Bayer found the infectious software early last year, covertly monitored and analysed it until the end of last month and then cleared the threat from its systems, the company said on Thursday.
"There is no evidence of data theft," the statement said, although a spokesman added that the overall damage was still being assessed and that German state prosecutors had launched an investigation.
"This type of attack points towards the 'Wicked Panda' group in China, according to security experts," the spokesman said, citing DCSO, a cyber security group...
April 04, 2019
Bayer points finger at Chinese-based group after blocking cyber attack
April 04, 2019
From molecules to electrons; can Big Oil become Big Power?
MUMBAI — Apple Inc has cut prices of one of its latest iPhones in India by around one-fourth, sources said, as the US tech giant looks to boost sales in the world's second-biggest smartphone market following a similar move in China.
The price of the 64 GB iPhone XR has been reduced by at least 17,900 rupees ($259) due to a credit card cashback campaign and a price cut, two people with direct knowledge of with the matter told Reuters on Thursday.
"Apple is going to change their game," one of the people said. "They will start getting into the price game for other devices also depending on how their numbers shoot up."
On Apple's India website, the price of the 64 GB iPhone XR was unchanged at 76,900 rupees, but is on sale for less than 59,000 rupees at stores,...
April 04, 2019
Apple cuts iPhone XR prices in India — sources
OSLO — Almost 60 percent of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.
Exempting battery engines from taxes imposed on diesel and petrol cars has upended Norway's auto market, elevating brands like Tesla and Nissan, with its Leaf model, while hurting sales of Toyota, Daimler and others.
In 2018, Norway's fully electric car sales rose to a record 31.2 percent market share from 20.8 percent in 2017, far ahead of any other nation, and buyers had to wait as producers struggled to keep up with demand.
The surge of electric cars to a 58.4 percent market share in March came as Tesla ramped up delivery of its mid-sized Model 3, which...
April 04, 2019
Tesla boom lifts Norway's electric car sales to record market share
