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Stock market volatility hits Norway’s sovereign wealth fund
Norway’s Central Bank on Tuesday said its pension fund lost 188 billion kroner ( 21 billion dollars equivalent) in the first half of 2020 amid stock market volatility during the coronavirus pandemic. The bank said the return on the sovereign wealth fund fell by 3.4 per cent during the January-to-June period. The Deputy Chief Executive of Norges Bank Investment Management, Trond Grande, said there were major fluctuations in the equity market. “The year started with optimism, but the outlook of the equity market quickly turned when the coronavirus started to spread globally. “The sharp decline in global stock markets during the first quarter is, however, limited by a massive monetary and financial policy response. “Even though markets recovered well in the second quarter, we are still witnes...
Alex Iwobi to face title chasing Liverpool on neutral ground
Super Eagles forward Alex Iwobi and his Everton teammates will face title chasing Liverpool on a neutral ground as part of arrangements aimed at ending the coronavirus arrested season. Stakeholders have been working hand in gloves with a view to successfully concluding the season. South Yorkshire Police recommended that games in which Liverpool are involved be played on a neutral ground. The police did not stop there but underlined matches they would like to be played at neutral venues which could include Liverpool matches where the title could be won. Deputy Chief Constable Mark Roberts of South Yorkshire Police, the UK’s football policing lead, said in a statement issued to the PA news agency: “Our discussions with the Premier League throughout this process have been positive, with a sha...
