Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, said it had a value of 17.7 trillion kroner at the end of March. It described the
WESTERLY — Funding continues to build for Westerly’s Resilient Riverfront Renewal Project, which last week won a $300,000 federal grant earmarked for work along Main Street to add green space and reduce stormwater pollution. The Southern Rhode Island Conservation District and the town got word of the Environmental Protection Agency’s Southeast New England Program Opportunity
HARRISBURG — Separate bills intended to add transparency to campaign finance in Pennsylvania elections advanced Tuesday out of the state House with bipartisan support. One bill would add an additional reporting period for campaign spending and contributions. The other looks to broaden reporting requirements for all tax-exempt organizations and require reports for any level of
Việt Nam needs a legal framework to manage cryptocurrency. — AFP/VNA Photo HÀ NỘI — Cryptocurrency will not be banned in Việt Nam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of
Fujifilm said Friday it would increase its investment in a planned biotech plant in North Carolina by $1.2 billion at a time when Japan-US trade ties are in the spotlight. The cash injection to ramp up output to meet growing demand for antibody drugs brings “the total investment in the facility to over $3.2 billion”, the
Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow
CHARLESTOWN — Next year’s spending plan for Charlestown includes money to pay for new positions in the tax assessor’s office and at Ninigret Park and to fund a new contract between the town and the local ambulance service. The Town Council dug into the Budget Commission’s proposed $29.2 million budget at a three-hour special meeting
The Vigo County Council approved the expenditure of American Rescue Plan Act funding for a variety of projects Tuesday, the largest being $1 million for Chances and Services for Youth’s (CASY) proposed childcare facility on the city’s northeast side. Brandon Halleck, CASY’s chief operating officer, is hoping to covert 50,000 square feet of warehouse space
The US legal giant has recruited financial regulation partner Sebastian Barling from the Magic Circle law firm, according to people familiar with the situation. Barling spent nearly 13 years at Linklaters and was promoted to partner in 2018. He previously spent four years at Reed Smith. Linklaters has been hit by a string of partner exits
Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation