first_img FacebookTwitterLinkedInEmailPrint分享Dow Jones:Norway’s sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager.The Norwegian central bank, which uses the fund to invest the proceeds of the country’s oil industry, said that investing money back into the energy sector amplifies the government’s exposure to the price of crude, particularly given the country’s majority stake in Statoil ASA.Oil and gas equities currently account for around 6% of the Government Pension Fund Global’s benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion).The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment, before recovering. Shares in Statoil fell by as much as 1%. The fund also owns large stakes in most of the world’s oil majors, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016.“An orderly divestment process over a period of time won’t significantly impact share prices,” said Jefferies analyst Jason Gammel.Norges Bank, the central bank, made the proposal to Norway’s Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation’s wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said.More: Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks $1 Trillion Norwegian Fund Weighs Dropping Oil and Gas Stockslast_img read more

first_imgA recent study that examined the COVID-19 safety and risk assessment of countries around the world has put Indonesia in 97th position, which is a relatively low score.The study, which examined 200 countries and territories around the world, was conducted by Deep Knowledge Group, a consortium of companies and nonprofits owned by Deep Knowledge Ventures, an investment firm founded in 2014 in Hong Kong.The study is based on 130 quantitative and qualitative parameters as well as over 11,400 data points in categories such as quarantine efficiency, monitoring and detection, health readiness and government efficiency. Meanwhile, Singapore is the only Southeast Asian country that made it into the top-five in the world, with 744 points, alongside top-ranking Switzerland, second-ranking Germany, third-ranked Israel and fifth-ranked Japan.The second safest country for COVID-19 in Southeast Asia is Vietnam (20th in the world), followed by Malaysia (30th), Thailand (47th), Philippines (55th), Myanmar (83rd), Indonesia, Cambodia (98th) and Laos (99th).According to the study, critical factors that impacted regional safety were not only the theoretic capacity of each country in withstanding and neutralizing national emergency situations but also specific policies, crisis management strategies and tactics that each country actually practiced.Regions that started comparatively late on closing borders, issuing lockdown mandates and establishing economic freezing measures in the overall pandemic timeline, for instance, consistently scored lower, it says.Low scoring is also shown in countries that continue prioritizing economic recovery over public health and safety, and do not utilize widespread testing or do not proactively build bridges among governmental institutions and between government and private sectors, although they have resources, capacity and potential to maintain and optimize regional safety amid the current pandemic, the study suggests.Topics : According to the study, Indonesia is in tier 3, which consists of 60 regions and territories, including the United States, the United Kingdom, France, Italy, Spain, Brazil, India, Philippines and Thailand.   The study suggests that tier 3 is made up of countries that in theory, should have scored higher, given their resources in healthcare, governmental and crisis management. However, their ranks are much lower than expected.Indonesia scored 450 points, which is below the average in the Asia Pacific region at 502 points.Read also: Indonesia records highest one-day increase of COVID-19 cases amid easing policylast_img read more

first_imgThe Pelicans have agreed to a deal to trade Anthony Davis to the Lakers for Lonzo Ball, Brandon Ingram, Josh Hart, and three first-round picks – including the No. 4 overall in 2019 Draft, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) June 15, 2019Just a few weeks ago, Pelicans owner Gayle Benson said she would trade Davis to the Lakers “over my dead body.” And yet, here we are.So just to put this deal — and the surprise around it — into perspective, we put together some of the best reactions from the NBA world for your enjoyment. Related News The NBA world is still reeling from the Anthony Davis trade just like you are.Oh, did you miss that? Yeah, Davis is going to the Lakers in a blockbuster deal featuring Brandon Ingram, Lonzo Ball, Josh Hart and three first-round picks including the No. 4 pick in the 2019 draft, according to ESPN. NBA trade news: Lakers land Anthony Davis for huge assortment of players, pickscenter_img And here…we…go.NBA Twitter reacts to Anthony Davis tradeFrom Josh Hart’s IG story…. pic.twitter.com/CEsbZl6UYl— Andrew Lopez (@_Andrew_Lopez) June 15, 2019From Brandon Ingram’s IG story… pic.twitter.com/85UNv5sj2K— Andrew Lopez (@_Andrew_Lopez) June 15, 2019Season finished two days ago and we already have Won bombs. Sheeeeshh its gonna be a CRAZY summer. #ADtoLA— Evan Fournier (@EvanFourmizz) June 15, 2019This Leauge👀— Buddy Love !!!! (@buddyhield) June 15, 2019Pelicans made out smooth…— David West (@D_West30) June 15, 2019🧐🧐🧐— _cd13 (@cheick_diallo13) June 15, 2019Interesting note: LaVar Ball is at Drew League getting to watch son LaMelo play a game when deal sending Lonzo Ball, Brandon Ingram, Josh Hart, 3 No. 1 picks to New Orleans for Anthony Davis was announced on PA.— Brad Turner (@BA_Turner) June 15, 2019The Boston Celtics refused to make Jayson Tatum available in trade talks with New Orleans, league sources say, putting the Lakers in prime position to strike the deal that teams Anthony Davis with LeBron James— Marc Stein (@TheSteinLine) June 15, 2019For the Lakers this is a massive gamble on one year with Anthony Davis & LeBron James. I say gamble because all you have to do is look back at their recent history—the Dwight Howard, Steve Nash trades— to see how this could go very wrong. But if it goes right….!?— Ramona Shelburne (@ramonashelburne) June 15, 2019How the Lakers sending Lonzo to the Pelicans for Anthony Davis pic.twitter.com/fXUum2VRSt— Josiah Johnson (@KingJosiah54) June 15, 2019Anthony Davis leaving for the Lakers like pic.twitter.com/GtDB9XJs4C— NC 👑 (@NCommentarys) June 15, 2019Lakers got Anthony Davis!!!??!! pic.twitter.com/ZxiPow7WDC— B (@PeakLBJ) June 15, 2019Welp there goes the first domino… Things about to get interesting…💯💯💯— DeMarre Carroll (@DeMarreCarroll1) June 15, 2019Wow, I’m not surprised about AD to the lakers but who they pick up in FA is the real question— Channing Frye (@channingfrye) June 15, 2019DLO to PHX KYRIE TO BRKLYN JULIUS TO BRKLYN— Jordan Clarkson (@JordanClarksons) June 15, 2019last_img read more