This picture taken on August 23, 2022 shows a view of the exterior of the headquarters of the Bank of Israel, the country’s central bank, in Kiryat Ben-Gurion in Jerusalem. Ahmad Gharabli | Afp | Getty Images Bank of Israel Governor Amir Yaron said Tuesday that currency intervention to support the weaker shekel will only be necessary in the event of market failures. His comments come shortly after the central bank held benchmark interest rates steady at 4.75% for the second consecutive month,...

Norges Bank Investment Management CEO Nicolai Tangen says it is becoming increasingly important to identify as many “rotten apples” as it can. Bloomberg | Bloomberg | Getty Images Norway’s gigantic sovereign wealth fund believes it is becoming increasingly important to identify as many “rotten apples” as possible, saying there is money to be saved by reducing risks to companies whose state of health is not all as it seems. Speaking at a parliamentary hearing on Tuesday, Norges Bank Investment...

Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing “very unusual” market conditions. The so-called Government Pension Fund Global, among the world’s largest investors, returned -14.1% last year, which it said was 0.88 percentage points...

watch now Bank of Japan Governor Haruhiko Kuroda on Friday defended the central bank’s decision to widen the trading band in its yield curve control program and committed to continuing the BOJ’s “extremely accommodative” expansionary monetary policy. Speaking during a panel session at the World Economic Forum in Davos, Switzerland, Kuroda said it was “not wrong” for the BOJ’s board to widen its tolerance range for the yield on its 10-year government bond from 25 basis points to 50 basis...

The European Central Bank (ECB) left benchmark interest rates unchanged on Thursday, with policymakers likely to argue the regional economy is robust enough to absorb spare capacity and generate inflation. In a subtle change to the bank's guidance, the ECB announced plans to end bond purchases at the end of year and keep interest rates at record low levels at least through next summer. The bank also confirmed it will halve bond purchases to 15 billion euros ($17.4 billion) per month from...