GOVERNMENT.NO - The Government is proposing to exclude companies classified as exploration and production companies within the energy sector from the Government Pension Fund Global to reduce the aggregate oil price risk in the Norwegian economy.

2017-18 was a strong year for the Future Fund, delivering a return of 9.3% and adding over $12 billion in earnings.

NB - The Government Pension Fund Global returned -6.1 percent, or -485 billion kroner, in 2018.

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

REUTERS - Norway’s sovereign wealth fund, the world’s largest, will no longer exclude Cairn Energy Plc (CNE.L) and Kosmos Energy Ltd (KOS.N) from its portfolio of investments, the Norwegian central bank said on Tuesday.

NORGES BANK - The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

REUTERS - Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom’s main sovereign wealth fund (PIF) will surpass its target of increasing its assets to $600 billion by 2020, as part of a plan to reduce the economy’s dependence on oil.

NORWAY'S FUND - The Government Pension Fund Global returned 1.8 percent, or 167 billion kroner, in the second quarter of 2018.

BLOOMBERG - The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor market is tightening, winding down fiscal stimulus is a key priority in next year’s budget, the prime minister said in an interview in Arendal, on Norway’s southern coast.