Kuwait Wealth Fund Doubles Investments in U.K. to $24 Billion

Kuwait Investment Authority, the country’s sovereign wealth fund, doubled investments in the U.K. over the last 10 years to more than $24 billion.

Canadian pension fund seals European warehouse deal with Segro

LONDON (Reuters) - One of Canada's largest pension funds formed a joint venture with Britain's Segro for a portfolio of European warehouses, the latest global investor attracted by the high returns of industrial real estate.

Chinese Investors Pursue U.S. Property Deals

First, it was the Japanese. Moneymen from Tokyo blew into the United States to buy famous pieces of the American landscape, from Rockefeller Center in New York to the Pebble Beach Golf Links in California.

Portugal Yields Need Draghi to Keep His OMT Promise

Portugal’s 10-year bond yield jumped more than a percentage point in the past month to levels that may test European Central Bank President Mario Draghi’s pledge to buy bonds of crisis-torn countries.

Swiss court blocks Credit Suisse data transfer to US

GENEVA: A Swiss court has ordered an injunction halting the transfer of a former Credit Suisse employee's data to US authorities as part of the bank's attempt to settle a tax investigation, a lawyer involved in the case said on Tuesday.

Key points in the leadership switch in Qatar

DOHA, Qatar (AP) — Background on Tuesday's leadership transition in Qatar from the 61-year-old emir to his 33-year-old son, Sheik Tamim bin Hamad Al Thani.

Kuwait sheikh sues UBS for $21.4 mn in Dubai court

DUBAI: A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday.

Angola names president's son to chair $5 bln sovereign wealth fund

LISBON (Reuters) - Angola on Friday appointed one of President Jose Eduardo dos Santos' sons to chair its $5 billion sovereign wealth fund, a move likely to raise further questions about transparency and nepotism in Africa's second-biggest oil producer.

Five U.K. Banks Must Raise Extra $21 Billion Capital

Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said.

Eurozone finance ministers tackle bank reforms

LUXEMBOURG: Eurozone finance ministers try to keep a push for banking sector reforms on track Thursday, to ensure it is creditors who foot the bill for future bank rescues, not the weary taxpayer.

Federal Reserve leaves interest rates alone and pledges to continue stimulus

The US Federal Reserve left interest rates unchanged and reaffirmed its pledge to maintain its massive stimulus program amid further signs of a split in the central bank's committee and speculation that chairman Ben Bernanke is preparing to step down.

Porsche family buys back stake from Qatar fund

BERLIN: Descendants of German automobile entrepreneur Ferdinand Porsche have bought back a 10 per cent stake in their holding company from Qatar's sovereign wealth fund.

Analysis: Fed-induced selloff has investors hunting for bargains

NEW YORK (Reuters) - Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the U.S. Federal Reserve could before long start to pull back on its massive monetary stimulus, big stock and bond markets have been feeling the pain.

Emerging-Market Bond Funds See Second-Largest Net Weekly Outflows

Investors continued to pull money out of emerging-market bond and equity funds on escalated concerns about the tapering of the U.S. Federal Reserve's bond-buying program.

US retail sales beat expectations as automobiles surge

WASHINGTON: US retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, suggesting the economy was squeezing out of a recent soft patch.

Africa Has Strongest Growth in Sovereign Funds, JPMorgan Says

Africa is experiencing the strongest growth in new sovereign wealth funds in the world as the continent’s nations are amassing commodity revenues and foreign-exchange reserves, according to JPMorgan Asset Management Inc.

India considers easing rules for sovereign wealth funds to stem rupee fall

NEW DELHI (Reuters) - The finance ministry, the RBI and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy.

Financial crisis curbs private equity investor returns: Survey

LONDON: Two thirds of private equity investors have made net returns of at least 11 per cent over the lifetime of their portfolios, a survey showed on Monday, with returns dropping since the financial crisis.

Despite the politics, Chinese investment in US grows

RALEIGH: The biggest-ever Chinese acquisition of a US company faces hurdles in Washington from lawmakers and regulators, but in much of America, Chinese investment is quietly booming.

Strong demand should support stable performances for Asia-Pacific utilities, says S&P report

KOLKATA: Asia-Pacific utilities are well placed to benefit from the region's increasing appetite for energy. But evolving regulations, fuel shortages, rising costs, and lagging recoveries could put the brakes on performance.

China Sovereign Fund President Says It’s Met State Expectations

China Investment Corp., the nation’s $482 billion sovereign wealth fund, has met the government’s expectations by delivering 5 percent annualized returns in the five years since its creation, the official Xinhua News Agency reported, citing the fund’s president.

Vietnam Eyes Foreign Investors to Expand Stock Market

Vietnamese regulators will submit a proposal next month to ease restrictions on foreign ownership in companies as they lure more international investors to a stock market that’s 14 times smaller than Singapore’s.

Experts offer Angela Merkel tips on how to cheer up the Germans

BERLIN: "Happiness experts" from all over the world offered Germany's Angela Merkel tips on Wednesday on how to cheer up her citizens, often stereotyped as prosperous worriers who view their glasses as half empty rather than half full.

Bonds’ Point of No Return About a Standard Deviation Away

The biggest monthly loss in fixed-income securities since 2004 has still left global yields short of the tipping point that would signal a bear market in bonds.

Some Look to Norway as Model for US Oil Bounty

In a country where oil wealth has typically been controlled up by oil companies, the concept of the U.S. harnessing its energy boom to shore up its frayed public finances may be hard to conceive.

Gross’s Pimco Total Return Fund Falls 1.9% in May

Bill Gross’s Pimco Total Return Fund (PTTRX), the world’s largest mutual fund, declined 1.9 percent this month, the biggest monthly loss since September 2008.

Swiss banks break ranks as US tax probe bites

ZURICH: The unified front with which Switzerland's banks have defended their culture of secrecy is breaking down as some prepare to hand over data in a US tax evasion probe, leaving others at greater risk of prosecution.

Banks said to lend China's Shuanghui $7 billion for Smithfield deal

HONG KONG (Reuters) - Bank of China and Morgan Stanley have combined to provide $7 billion of loans to finance Shuanghui International's record deal to buy U.S. pork producer Smithfield Foods , people familiar with the matter said on Friday.