Norway $1.6 Trillion Fund Misses Benchmark With 6.3% Return
Norway’s $1.6 trillion sovereign wealth fund underperformed its benchmark in the first quarter, with returns coming up short for a second consecutive report.
Norway’s $1.6 trillion sovereign wealth fund underperformed its benchmark in the first quarter, with returns coming up short for a second consecutive report.
Taiwan Semiconductor Manufacturing Co. delivered a better-than-projected revenue outlook and stuck with plans to spend as much as $32 billion in 2024, shoring up expectations of sustained growth in AI demand.
The European Union’s waning clout versus major geopolitical rivals is sounding alarm bells in Europe’s capitals, compelling leaders to discuss a radical transformation to boost the bloc’s competitiveness in a hostile world.
As the dollar’s strength roils developing markets, the good news is that many are now well prepared with piles of reserves for just such a scenario.
Russia’s diesel exports are continuing to plunge in the weeks after drone attacks on the nation’s oil refineries.
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