Sovereign Wealth Fund KIA Invests $100 Million in NantHealth, a NantWorks Company

NantHealth LLC, a NantWorks company, announced today that one of the world's largest sovereign wealth funds, the Kuwait Investment Authority (KIA), has invested $100 million in NantHealth, a cloud-based transformational healthcare IT company converging science and technology through a single integrated clinical platform, to provide actionable health information at the point of care, in the time of need.

German banks to pay 1.9 billion euro a year for resolution fund: paper

(Reuters) - German banks will pay about 1.9 billion euros a year into a new European bank restructuring fund, more than three times the amount they cough up currently, with large banks footing the bulk of the bill, according to a newspaper report on Monday.

Construction Bank Profit Grows Most in One Year on Loan Margin

China Construction Bank Corp. (939), the nation’s second-largest lender by market value, reported wider lending margins in the first quarter, helping it to post its biggest profit increase in a year.

US, Europeans to Slap New Sanctions on Russia

SEOUL - President Obama and four European leaders agreed on a conference call Saturday to impose new sanctions on sectors of the Russian economy, the White House said.

Angola Sovereign Wealth Fund Starts Hotel, Infrastructure Pools

The Fundo Soberano de Angola, the $5 billion sovereign wealth fund of Africa’s second-largest oil producer, is starting investments in hotels and commercial infrastructure in sub-Saharan Africa.

European banks to be stress-tested against two years of recession: source

(Reuters) - European banks will be tested on their ability to withstand a recession stretching through 2014 and the following year as part of a landmark review into whether they finally have enough capital to withstand economic shocks, a source familiar with the tests said on Friday.

FOREX-Euro subdued near two-week lows, wary of ECB

LONDON, April 22 (Reuters) - The euro hovered near a two-week low against the dollar on Tuesday and fell against the yen, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency.

ICD boosting activity in Africa to widen Islamic finance appeal

(Reuters) - The private sector arm of the Jeddah-based Islamic Development Bank [ISDBA.UL] plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said.

Dollar Heads for Weekly Gain as Data Support Pace of Fed Taper

The dollar headed for weekly gains against the euro and the yen as improving economic data backed speculation the Federal Reserve will remove stimulus this year.

U.S.-based stock funds post $3.6 billion outflows over week: Lipper

(Reuters) - Investors in U.S.-based funds pulled $3.6 billion out of stock funds in the week ended April 16 on fears that a selloff in technology and biotech shares could signal a steeper drop in U.S. stocks, data from Thomson Reuters' Lipper service showed on Thursday.

UK housing market shows resilience, says CML

The "resilient" UK housing market recorded another increase in mortgage lending in March, according to a lenders' group.

Fed's Fisher unworried by current low inflation

(Reuters) - Dallas Federal Reserve Bank President Richard Fisher said he is "not uncomfortable" with the current low level of U.S. inflation, and will not vote for or support any policy that drives it above the Fed's long-term 2-percent goal.

Bank of England unlikely to rush into an early interest rate rise

Employment up by more than 250,000 on the quarter. The unemployment rate below 7% and at its lowest rate in five years. Average earnings are picking up and finally outpacing prices.

Investors pare longer-dated U.S. Treasuries in week -survey

NEW YORK, April 15 (Reuters) - More investors pared their holdings of longer-dated Treasuries in the latest week after the minutes of the Federal Reserve's March policy meeting suggested the U.S. central bank would be unlikely to raise interest rates until the second half of 2015, according to a survey released on Tuesday by J.P. Morgan Securities.

Hedge funds pose biggest risks in crises: Fed study

(Reuters) - Hedge funds, not banks, may be the most important transmitters of shocks during financial crises, according a study published Monday by the Federal Reserve Bank of San Francisco.

Wholesale Prices in U.S. Rise on Services as Goods Stagnate

Wholesale prices in the U.S. rose in March as the cost of services climbed by the most in four years while commodities stagnated.

British investors demand banks stick to lockups on share sales

(Reuters) - British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets.

Wall Street’s Bond Trading, Allocation Under Finra Review

The Financial Industry Regulatory Authority is examining whether Wall Street firms overcharge investors on some bond trades and whether they unfairly allocate new corporate debt issues to reward certain clients.

RRJ, Temasek Fund Invest $250 Million in China Warehouse Project

RRJ Capital Ltd., run by Charles Ong, and a fund under his former employer, Singapore sovereign wealth fund Temasek Holdings Pte, have invested $250 million in Chinese logistics warehouse developer Shanghai Yupei Group Co.

Qatar Investment Official Said to Start Hedge Fund

LONDON — A top investment executive at Qatar’s sovereign wealth fund is leaving to start a hedge fund, people briefed on the development said.

Private Equity’s New Kind of Club Deal

Trendy new buyout clubs may disappoint their eager would-be patrons. The Blackstone Group is enlisting some of its fund investors to help buy the auto parts maker Gates for $5.4 billion.

COLUMN-The right agenda for the IMF

April 6 (Reuters) - The world's finance ministers and central bank governors will gather in Washington this week for the twice yearly meetings of the International Monetary Fund.

Nigeria becomes Africa's biggest economy

Abuja (AFP) - Nigeria on Sunday became Africa's biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country's gross domestic product.

Blackstone Agrees to Buy Gates Global in $5.4 Billion LBO

Blackstone Group LP (BX), the world’s largest buyout firm, agreed to acquire industrial-products maker Gates Global Inc. (GGI) from Onex Corp. (OCX) and Canada Pension Plan Investment Board for $5.4 billion.

ECB considers Fed-style stimulus

Negative interest rates? Printing money? They're now both firmly on the agenda in Europe if prices don't start to pick up soon.

UK services sector growth eases in March

Growth in Britain's services sector was the slowest in nine months in March, missing forecasts but doing nothing to change expectations that economic recovery was sustained in first quarter overall.

Blackstone Said in Talks to Sell Offices for $2.5 Billion

Blackstone Group LP (BX) is in talks to sell six prime office properties in the Boston area for about $2.5 billion as the buyout firm continues to dispose of assets from its 2007 takeover of Equity Office Properties Trust, said a person with knowledge of the negotiations.

German public sector unions win big pay hikes for 2014, 2015

(Reuters) - The German government and trade unions have agreed to a 3 percent wage increase for some 2.1 million public sector workers this year and a 2.4 percent pay rise next year, Verdi union leader Frank Bsirske and the government said on Tuesday.

SocGen Faces Bribery Claims in Libya Wealth Fund Suit

The Libyan Investment Authority said in a $1.5 billion lawsuit that Societe Generale SA paid about $58 million to a friend of the Qaddafi family to secure investments.