Top Toshiba shareholder gets support from CalPERS, Norway fund for probe

2/2 © Reuters. CalPERS headquarters in Sacramento 2/2 TOKYO (Reuters) – California Public Employees’ Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba (OTC:) Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records. Singapore-based Effissimo, which is Toshiba’s largest shareholder […]

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Neptune Energy makes ‘significant’ oil discovery in Norway

© Reuters. OSLO (Reuters) – Britain’s Neptune Energy and its partners have discovered oil at a jointly owned drilling license in the Norwegian part of the North Sea, and will now consider options for how to develop the find, the company said on Tuesday. The Dugong well is estimated to contain between 40 million and […]

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Norway says its economy may contract 4% this year

© Reuters. A view over the habour in Stavanger OSLO (Reuters) – The Norwegian mainland economy could contract by as must as 4% in 2020, twice the level predicted last week, as the coronavirus outbreak continues to paralyze activity, the finance ministry wrote in a letter to parliament on Monday. Also known as non-oil gross […]

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