Around 50% of the Norway National Welfare Fund’s capital will be spent over next 10 years, said Head of Norway’s Central Bank Øystein Olsen. He expressed concern about rising costs of funds derived from oil revenues, and added that it is necessary to protect assets of the largest sovereign wealth...

Energy company TransCanada has got a second chance and is asking to approve the pipeline’s route. The company is hinting that new US president, Donald Trump, wanted to get the project into shape and has already signed a decree to accelerate the process. The company wasted no time and without delay...

Some of the foreignness may soon be lost by the U.K.’s equity benchmark.   The process by how nationality is assigned to firms on the global equity indexes are proposed to be changed by the London Stock Exchange Group Plc’s FTSE Russell. And including the 2 trillion-pound ($2.5 trillion)...

By shifting savings from cattle to gold, an experiment with little parallel worldwide is being embarked upon by a landlocked nation perched between China and Kazakhstan.   Kyrgyzstan’s central bank wants every citizen to diversify into gold and the country was one of the first post-Soviet...

South Korea doubled its imports of Iranian oil in January this year compared to the same period in 2016, when Iran went back into the international oil market and began to export increasing volumes of oil in an attempt to regain market share after the Western sanctions. According to preliminary...

This week, the already strained relationship between Venezuela and the United States, got worse.   Saying he oversaw or "partially owned" narcotics shipments of more than 1,000 kilograms (2,204 pounds) from Venezuela, some of which ended up in Mexico and the U.S., the Treasury Department...

​An average American is gradually becoming disillusioned in the country’s economy. Consumer confidence in the US in January 2017 fell to 111.8 points, which was lower than expected, and the drop is especially noticeable in comparison with the previous figures. Analysts are shrugging their shoulders...

A new Morgan Stanley report on the nation’s longer-term prospects titled "Why we are bullish on China" says that the country is likely avoid a financial crisis and is on track to reach high income status by 2027.   There has been growing concerns about the impact of a...

As closures of two of the world's biggest mines amplified concerns of a supply shortage, London copper hit its highest levels in 20 months.   Noting a continuation of the upwards trend seen since last week, when production was halted at two key sites, and its highest level since May of 2015,...