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Norway wealth fund isn’t joining global stock selloff, CEO says

Bloomberg Norway’s sovereign wealth fund, the world’s biggest, hasn’t been part of a global selloff in stocks this quarter, according to its chief executive officer, Yngve Slyngstad. “We have not been participating in the selling, and we don’t foresee” that a change of strategy will be necessary, Slyngstad said at a presentation of the fund’s 2015 results on Wednesday. The ...

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Clinton’s surprise loss in key primary as Trump triumphs

Washington / AFP Democratic frontrunner Hillary Clinton suffered a surprise loss to challenger Bernie Sanders in a major state primary, as billionaire Donald Trump notched a trio of easy victories in the Republican presidential nomination race. The former secretary of state slumped to defeat in the industrial rust belt state of Michigan, where Sanders snagged 49.9 percent of the vote ...

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USA in talks to base long-range bombers in Australia

Sydney / AFP Washington is in talks to station its strike bombers in Australia, according to a US general, amid concern about China’s military expansion in the South China Sea. General Lori Robinson, commander of US Pacific Air Forces, said negotiations were under way to have American B-1 bombers and aerial tankers temporarily stationed in northern Australia. “We’re in the ...

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