Norway’s sovereign “oil fund” takes heavy hit
In a crippling ripple effect of the Wall Street market meltdown, Norway’s special “oil fund” may have lost nearly all of its profits garnered over the...
Norway offers Brazil a billion to save the Amazon
A new Amazon conservation fund initiated by Brazil’s government in August has received its first major donation from Norway, which offered USD 1 billi...
Commercial solar panel manufacturing plant opens in Finland
Solel Solar Systems’ new USD 9 million solar reflector production factory has opened in Akaa, a town 200km north of Helsinki. The latest alternative e...
Norway gives Rio Tinto the boot over ethical concerns
As part of Norway’s aim to invest its sovereign wealth fund only in ethical, environmentally responsible projects, it has pulled out of a deal with Ri...
Norway plans to spend heavily on renewable energy
Norway plans to use some of its vast sovereign wealth fund to develop sustainable energy. Despite being flush with oil, an unspecified proportion of N...
Norway’s FSN Capital Partners moves into Danish market
One of Norway’s largest investment companies has created a fund to move into companies with growth potential in Denmark and other countries. Until now...
SPX signs USD 100 million deal with Orkuveita Reykjavikur
Orkuveita Reykjavikur, an Icelandic utility company, will be using the services and equipment of SPX Corporation in its thermal-equipment business. Th...
Sweden orders high speed trains
Sweden’s state-owned railway recently put in a USD 348 million order for high speed trains with the world’s largest train maker, Bombardier Inc. The c...