Norway's sovereign wealth fund, the world's largest of its kind, has hit a milestone value of one trillion U.S. dollars, beating all expectations since its creation over 20 years ago.
"I don't think anyone expected the fund to ever reach 1 trillion dollars when the first transfer of oil revenue was made in May 1996".
The sovereign wealth fund of Norway, officially known as the Government Pension Fund of Norway, is the largest in the world. "One day the oil will run out, but the return of the fund will continue to benefit the population", the fund explains. What's most notable in this situation is that a white paper in April 2011 estimated the fund wouldn't reach the $1 trillion mark until the end of 2019. With stakes in almost 9,000 companies, it owns 1.3 percent of the world's market capitalization, and 2.3 percent in Europe. It started out by investing purely in bonds, but now holds close to 65 percent of its assets in shares.
Did you know the Norwegians through the fund owns part of more than 100 buildings in London, along the Regent Street, from Piccadilly Circus beyond Oxford Street?
Kelly Accuser Claims She Was 'Trained' to 'Please Him Sexually'
Pace's disturbing accounts echo those of three fellow women who escaped Kelly's grip, and shared their stories with BuzzFeed . She is now suing the star who has previously made cash settlements to other women claiming they were mistreated by the singer.
Nazi beaten up after 'harassing black man on bus'
The Nazi after he was knocked out The man declined to take it any further, police said. "I, for one, applaud the anonymous hero". Moments before he was hit, he could be heard yelling: "They deserve welfare", the MailOnline reported .
Established in the 1990s to manage the Norwegian state's oil revenues, the fund set the record thanks to the appreciation of the world's major currencies against the dollar and a good stock market health.
However, there are some problems with managing a trillion dollar portfolio, Bloomberg noted.
Tesla, Inc. (TSLA ) maintained activity of 6.9 million shares that trade hands on average basis while its relative volume is 1.04. Bernstein restated a "hold" rating and set a $265.00 target price on shares of Tesla in a report on Thursday, September 14th.
A second trailer is much anticipated by fans, and now Luke Skywalker actor Mark Hamill may have revealed when they can see it. Following a sold-out event last April, Star Wars: Galactic Nights is returning December 16 to Disney's Hollywood Studios.
Decaluwé told reporters on Tuesday that the location of the wreck was being kept under wraps so that people do not go near it. From the damage to the front of the vessel, it appears that the sub may have struck a mine with its upper deck.
After the drills, the F-35B jets and B-1B bombers returned to their bases in Japan and Guam respectively, the sources said . He previously said the idea should be "deeply considered" by the allies, inflaming already-heated debate on the issue.
Shah said in a statement that although cooler weather is beginning, West Nile virus is still a concern. In most cases, IDPH says symptoms such as a fever, nausea, a headache or muscle aches can happen.
The Eluga Ray 500 is the first dual camera smartphones from Panasonic, while 5000mAh battery is the highlight of Eluga Ray 700. As per the display is concerned, the device offers 5.0-inch 720p IPS LCD display with 2.5D curved tempered glass on the top.
All eyes are on Germany, as voters prepare to elect a new chancellor and hundreds of MPs amidst a backdrop of political surprises. Whenever Merkel does choose to retire from public life, the calculations that kept returning her to power may go out the window.
The company used its own site ratings to compile the celebrity list and used searches on Google, Bing and Yahoo. It's imperative that they slow down and consider the risks associated with searching for downloadable content.
Mexico, Peru and Kuwait have either expelled or given notice to ambassadors since the September 3. nuclear test. President Trump has repeatedly refused to rule out a military strike on North Korea's nuclear facilities.
The viral post, that has been shared over 185,000 times, shows screenshots taken from the employees' Snapchat account. A Jackson hospital came under fire Monday after pictures of nurses with newborns appeared on social media.
Sonic Forces - Episode Shadow Gameplay
SEGA® announced today that fans can now pre-order the Digital Bonus Edition of Sonic Forces ™ for PlayStation 4 and Xbox One. By the time you squeeze out every last drop of delight from Sonic Mania , Forces will be waiting on you on November 7.
Mahut, Herbert put France ahead in Davis Cup semi
But the former Australian Open runner-up took the fourth set by a double break as Lajovic's resistance was broken. Should Goffin prevail, it will come down to a rubber between Steve Darcis and John Millman .
Equifax says 100000 Canadians may be affected by breach
Equifax has said the breach of its system occurred between mid-May through July, and it learned of the hack on July 29. At least two proposed class actions have been filed in Canada against Equifax in connection with the data breach.
Spicer: 'Of course' I regret inauguration crowd lecture
At the Television Academy's Emmy after-party in Los Angeles, several gown- and tuxedo-clad revellers stopped to gawk at Spicer . Sean "Spicy Facts" Spicer is a liar. "Thank you Melissa McCarthy", Colbert deadpanned after Spicer left stage.
Does Arsenal's Kolasinac inflict fear on opponents?
Tiemoue Bakayoko was brought on at half-time for Pedro who received a painful knock to his ankle in a challenge ... Danny Welbeck suffered a groin injury which could make him doubtful for Wednesday's Doncaster clash.
Adidas surpasses Jordan as 2nd-most popular sneaker
The group says the German company's share of the overall sneaker market was boosted by almost half to 13 percent. While Nike was still the volume leader in August, both Nike and Jordan brand sales volumes slumped considerably.