Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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Norway oil fund up 1 pct in September to $458 bln

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OSLO | Wed Oct 14, 2009 9:58pm IST

OSLO Oct 14 (Reuters) - Norway's sovereign wealth fund rose by 0.95 percent to a preliminary 2.546 trillion Norwegian crowns ($457.9 billion) in September from the end of August, the central bank's monthly balance sheet showed on Wednesday.

The value stood at 2.522 trillion at the end of August and at 2.273 trillion at the end of 2008.

Commonly known as the "oil fund", the Government Pension Fund -- Global invests Norway's oil and gas wealth in foreign stocks and bonds to save for future generations when the black gold runs out.

The central bank's monthly balance sheet gives a fairly accurate first glimpse of the size of the fund ahead of official quarterly figures on the fund's performance.

(Reporting by Oslo newsroom)

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