Credit Suisse Said to Start Venture With Qatar

Credit Suisse Group AG (CSGN) and a unit of Qatar Investment Authority, the Persian Gulf emirate’s sovereign-wealth fund, plan to start an asset-management joint venture, three people with knowledge of the matter said.

Global shares fall as growth fears mount, Wall St closes

LONDON (Reuters) - World shares and commodities fell on Monday as a recent run of downbeat corporate reports cast a shadow over the economic growth outlook and markets awaited the impact of a huge U.S. hurricane.

Pesos Go Underground as Dollar Ban Backfires: Argentina Credit

Argentine President Cristina Fernandez de Kirchner’s foreign-exchange controls are driving pesos underground. A quarter of Argentines are keeping their pesos at home, up from 19 percent a year ago, according to a survey conducted in September by the Catholic University of Argentina and TNS Gallup.

Spanish bonds regaining favour among some investing elite

LONDON (Reuters) - The ECB's bond-buying plan, Madrid's reforms and global monetary easing are luring foreign investors back to Spanish sovereign debt, particularly for short-term paper.

Three horsemen of a weakened U.S. currency

SYDNEY (MarketWatch) — “The USA lived off credit for too long, inflated its financial sector massively and neglected its industrial base.” Such was the sobering assessment that German finance minister Wolfgang Schäuble gave the Wall Street Journal in November 2010.

Wall Street Is RethinkingCommodity-Trading Role

Goldman Sachs Group Inc. has held preliminary internal discussions in the last two years about splitting off its lucrative commodities-trading business, according to people briefed on the discussions.

EU total debt mounts, deficits ease in 2011

BRUSSELS: Eurozone member states did better last year at controlling their budget deficits but overall debt levels continued to rise well above EU limits even if the economy performed well in 2011.

IMF warns African oil producers to avoid "white elephants"

NAIROBI (Reuters) - The International Monetary Fund has urged African oil and gas producing nations to direct their revenue in infrastructure and education rather than on "white elephants".

Black Monday Echoes as Computers Fail to Restore Confidence

A quarter century after the worst one-day stock crash in history, measures to prevent a repeat are failing to keep investors from losing confidence in the market.

South Africa's "richest tribe" offers platinum model

PHOKENG, South Africa (Reuters) - While South African mining companies try to halt the spread of deadly labor strife, a kingdom that partly governs a small stretch of the country's platinum belt has managed to transform mineral wealth into social stability.

Angola launches $5 bln sovereign wealth fund

LISBON (Reuters) - Angola on Wednesday launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets by funnelling its vast oil wealth into infrastructure, hotels and other high-growth projects.

Spain avoids junk-bond fate, economic agony remains

MADRID: Spain has won breathing space but nothing more, analysts said Wednesday, after it escaped a feared downgrade of its debt to junk-bond status.

BlackRock Profit Rises 7.9% on as Assets Rise on ETFs

BlackRock Inc. (BLK), the world’s biggest money manager, reported third-quarter earnings that beat analysts’ estimates as exchange-traded funds drew client deposits and assets rose.

Euro, global shares rally on Spanish hopes, U.S. earnings

NEW YORK (Reuters) - World shares rose for a second day on Tuesday and the euro rallied against the U.S. dollar after a report said Germany could show greater flexibility toward aid to Spain and as U.S. corporate earnings surprised on the upside.

Raine Group arrives in big way as Softbank's adviser

NEW YORK (Reuters) - Almost as surprising as Softbank Corp's $20.1 billion deal to acquire 70 percent of Sprint Nextel Corp was the Japanese company's choice of its key U.S. adviser.

Central Huijin Buys Shares in 4 Major China Banks; Bid to Boost Sentiment

China has signalled its intent to shore up investor sentiment in the country's domestic stock markets as indicated by the share purchase plans of an investment arm of the country's sovereign-wealth fund and a move to raise holdings by majority shareholders in two Chinese state-owned companies.

Spain downgraded by S&P

Standard & Poor's lowered its credit rating for Spain on Wednesday, in a move that could complicate Madrid's effort to avoid requesting a financial bailout.

Morocco delays $1 bln sovereign bond sale: minister

RABAT (Reuters) - Morocco has delayed its maiden dollar bond sale to end-November pending market stability, the budget minister said in published remarks on Wednesday, but banks have already been mandated for an issue that may exceed the initial $1 billion mark.

World stocks slightly lower amid gloom

AMSTERDAM (AP) — World stock markets declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis.

Inflation Bonds May Ease Singapore Price Pinch

Singapore is considering issuing bonds that protect against inflation after price gains sent the cost of a public-housing apartment to a record S$1 million ($813,000) last month and made cars as expensive as U.S. homes.

US facing 'prolonged' economic uncertainty, says former Indian envoy

MUMBAI: Maintaining that there is a "prolonged" economic uncertainty in the US despite billions of dollars pumped in the world's largest economy, a former Ambassador to America today said India was able to come out of the downturn in spite of a much smaller stimulus package.

Despite 12% Rally Hedge Funds Turn From Stocks

For the first time this year, hedge funds are turning away from a rally in the global stock market.

With Banks Skittish, Europe's Private Equity Firms Look Elsewhere

LONDON - As the sovereign debt crisis has slammed Europe, Cinven has had to get creative to finance buyouts.

Investors count on Brazil's internet boom, hope to make Rio the next startup capital

RIO DE JANEIRO: For years, Rio de Janeiro's bohemian neighborhood of Lapa has been a hotspot for people seeking samba shows and late night partying. But recently, the area has also started hosting a different kind of crowd.

Asia stocks up on mildly positive US data

BANGKOK (AP) — A pair of positive U.S. economic reports helped prod Asian stock markets higher Thursday. A report showed U.S. service companies grew last month at the fastest pace in six months.

Europe must solve its problems before expecting Chinese aid: China Investment Corp

MOSCOW: Chinese investors will not buy into bonds issued by debt-ridden euro zone countries until their fundamental problems are solved, a senior official with China's $480 billion sovereign wealth fund said on Tuesday.

Gold drifts lower as Spain worries weigh on euro

SINGAPORE (Reuters) - Gold drifted lower on Monday after posting its biggest quarterly rise in more than two years, tracking a weaker euro as Spain's struggle to control its finances worried investors.

Money Fund Dealmaking Resumes After Geithner Breaks Logjam

One month ago, a U.S. Securities and Exchange Commission proposal to tighten rules for the $2.6 trillion money-market mutual fund industry was declared dead.