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.

Libya wealth fund cash to finance reconstruction

DUBAI (Reuters) - Some of the over-large cash component of Libya's $65-billion sovereign wealth fund will be put to work financing post-Gaddafi reconstruction, leaving time for a full review of its less liquid investments.

CIC Eyes Europe Opportunities

China Investment Corp. is looking for investment opportunities in Europe, though the head of China's $300 billion sovereign-wealth fund is cautious about the continent's economy.

Economic growth in European countries is slowing because of the euro-zone sovereign debt crisis, said CIC Chairman Lou Jiwei on Saturday, noting exports to emerging markets play a key role in driving Europe's economy.