Norway’s sovereign wealth fund, the world’s largest, should raise the proportion of its investments in equities to 75 percent from 60 percent to boost returns, the central bank, which manages the fund, recommended on Thursday. “A higher equity allocation means that the expected return on the fund will increase.” Source: Reuters
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 225€
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year’s record volumes. Gasoline demand fell 218,000 barrels per day to 8.988 million bpd in February, according to the EIA’s petroleum supply monthly report. Source Reuters
The Turkish Intel Agency MIT has been ordered by president Erdogan to start preparing Albanians in the Balkans to wage war against Serbia, Macedonia and Montenegro, reports Serbian daily Informer. For over six months, preparations have been underway for Turkey to establish control over the Balkans, using albanians as their proxies. Attack is planned on North Kosovo, but also southern Serbia, NW Macedonia (Skopje and Kumanovo) and southern Montnegro (Ulcinj). MIT operatives are coordinating all their activities from Pristina. Source Mina
The U.K. economy posted its worst performance in a year as the dominant services industry felt the impact of an intensifying squeeze on living standards. Source Bloomberg