Norway sovereign wealth fund loses $15 bn in 2011

Norway's sovereign wealth fund lost $15 billion last year as European stock prices fell over uncertain growth prospects amid the debt crisis, the country's central bank said Friday.

Gas riches near, Israel urged to form wealth fund

TEL AVIV — Like a lottery-ticket buyer suddenly confronted with a jackpot, Israel must take special care not to squander the enormous potential return from its offshore natural-gas fields.

Russia told to clean up its act by OECD

Russia is being warned that the country’s future economic growth is likely to be hampered by a poor business environment, a lack of investment in innovation and heavy dependence on oil and gas sales.