ONGC removed from portfolio by Norway wealth fund over South Sudan business
Fri, Sep 3, 2021 3:00 PM

ONGC removed from portfolio by Norway wealth fund over South Sudan business

A Flip by Flipitnews
Get it on Google Play
Norway's $1.4 trillion wealth fund has removed India's top oil producer Oil and Natural Gas Corp from its portfolio due to concerns over the company's business in South Sudan, the fund announced. The world's largest sovereign fund also excluded three Israeli firms, Elco, its subsidiary Electra and Ashtrom because of their links to Israeli settlements in the West Bank.

More great flips

Fed's Williams doesn't see urgent need to cut interest rates

Fed's Williams doesn't see urgent need to cut interest rates

New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington.

Open Flip
Fed's Williams doesn't see urgent need to cut interest rates

Fed's Williams doesn't see urgent need to cut interest rates

By Michael S. DerbyNEW YORK (Reuters) - New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now."I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington."We have a strong econom...

Open Flip
Why Genuine Parts Stock Jumped Today

Why Genuine Parts Stock Jumped Today

Shares of automotive and industrials parts maker Genuine Parts (NYSE: GPC) jumped on Thursday even though it's normally a sleepy stock. The company reported financial results for the first quarter of 2024 and raised its full-year profit guidance, which is why Genuine Parts stock was up 12% as of 11 a.m. ET. Investor confidence is on the riseIn Q1.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon