Norway Sovereign Wealth Fund Posts Q3 Earnings 2024
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion). :
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates. The so-called Government Pension Fund Global, one of the world's largest investors, said it had a value of 18.870 trillion kroner at the end of September. The fund's overall return for the quarter was 4.4%, which was 0.1 percentage points lower than the return on its benchmark index.
Temasek Invests In Firms With Clear Green Plans For More Sustainable Profits | The Straits Times
This will also benefit Singapore’s future generations. :
SINGAPORE - Singapore investment company Temasek is steering its strategy towards companies with clear decarbonisation plans and sustainable business models, with a goal to secure long-term profits. Temasek’s managing director for sustainability Park Kyung-ah said in an exclusive interview with The Straits Times: “The success of our portfolio companies is effectively our success... them being resilient and them creating sustainable value ultimately comes back to our returns.
Europe's Tech Lag Is The ‘single Biggest Long-term Challenge’ For Eu Security, Top German Diplomat Warns | Fortune Europe
Wolfgang Ischinger made his dire prediction at the Munich Security Conference, also known as "Davos with guns". :
Europe is falling behind other parts of the world when it comes to technology, whether that’s in venture capital funding or innovation. That’s soon going to compromise the region’s security, predicts Wolfgang Ischinger, a top German diplomat and former head of the Munich Security Conference. The continent is “definitely not in good shape” in its attempts to keep pace with defense and security technology, Ischinger told Politico.
Temasek, Saudi Arabia’s Pif Rated Highest For Credit Metrics And Liquidity By Moody’s
SINGAPORE’S Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) have the strongest intrinsic credit quality, among the 11 government-owned investment holding...
Temasek, Saudi Arabia’s Pif Rated Highest For Credit Metrics And Liquidity By Moody’s | The Straits Times
They are among 11 government-owned investment holding companies Moody’s rated. :
SINGAPORE - Singapore’s Temasek and Saudi Arabia’s Public Investment Fund (PIF) have the strongest intrinsic credit quality among 11 government-owned investment holding companies (IHCs) rated, said Moody’s Ratings in an Oct 17 report. The rating agency explained that while credit quality of the rated government-owned IHC is generally closely aligned with that of its government, intrinsic credit quality generally varies, as it is a reflection of the IHC’s standalone credit strength, excluding extraordinary government support.
Funding Momentum Bounces Back For Indian Startups With Over 300% Jump | Economy News
This week saw 12 growth-stage and 16 early-stage deals. :
New Delhi: The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals -- an over 300 per cent jump from the $135 million raised last week. This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of 48.8 per cent from previous week’s $17.8 million, which means that investment activity in the startup ecosystem gained momentum.
A Rocky Ride: How A Secretive Wallaby Alienated A Rugby-mad French Town
Rocky Elsom and a group of Australians took over a French rugby club, aiming to restore the club to former glory days. It ended with bitterness and a prison sentence.
Temasek’s Fullerton Acquires Controlling Stake In Lendingkart
MSME-focused fintech startup Lendingkart said that existing investor Fullerton Financial Holdings (FFH) will acquire a controlling stake in the startup…
Behind The Scenes At 23andme, Questions About A Star Ceo
Some past employees weren’t exactly surprised when the entire board at 23andMe tester quit last month. :
Anne Wojcicki, CEO of 23andMe, the struggling DNA testing company, doesn’t think this is the right time to examine her leadership style. “What will be most interesting is writing the story in three or four years,” she told me on a call this week. She has a point, though she was also illustrating something about how she engages with people. Wojcicki, as she said of herself, likes to debate ideas and challenge others. Not everyone responds well to that, she told me.
Economic Development Board In Touch With One Championship After Layoffs - Cna
ONE Championship said earlier this week that it has decided to lay off "a few dozen" employees. :
ONE Championship said earlier this week that it has decided to lay off "a few dozen" employees. SINGAPORE: The Economic Development Board (EDB) is in touch with mixed martial arts brand ONE Championship to help affected employees after it conducted a retrenchment exercise on Wednesday (Oct 16). Responding to queries from CNA, EDB said on Friday that it is seeing how it can help ONE Championship with its “efforts to help affected employees explore new employment or skills training opportunities”.