China lets foreign sovereigns, central banks exceed $1 billion investment limit

SHANGHAI (Reuters) - China's foreign exchange regulator has removed the $1 billion limit for foreign sovereign wealth funds, central banks and monetary authorities buying Chinese assets through the Qualified Institutional Investor Programme (QFII).

China sovereign fund takes 10 percent of Heathrow

MADRID (Reuters) - An arm of China's sovereign wealth fund has taken a 10 percent stake in the holding company controlling Britain's largest airport Heathrow, Spanish infrastructure company Ferrovial said on Wednesday.

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.

Credit Suisse trims Dubai investment banking, ships jobs to Qatar

DUBAI (Reuters) - Credit Suisse is trimming its investment banking team in Dubai and relocating some jobs to neighboring Qatar, three sources said, as part of efforts to cut costs and focus on richer markets.

Qatar MBA Grad Outflanking Glencore Signals Ambitions of State

The late-night negotiating session that led to a sweetened takeover offer by Glencore International Plc (GLEN) for Xstrata Plc (XTA) on Sept. 7 included a former British prime minister and a swashbuckling commodity-trading billionaire.

Philippine Bonds Too Expensive for Julius Baer: Southeast Asia

Philippine dollar bonds, the best performing in Asia over the past year, are expensive compared with higher-rated debt from Persian Gulf nations, according to Bank Julius Baer & Co. Ltd.

Local Projects Replace Global Investments in Mideast

DUBAI — Governments in the Middle East are investing less internationally than they have at any time in the past three years, as pressure to focus on domestic needs has shifted their attention away from global trophy acquisitions, analysts say.

Middle East Funds Boost NBNK Hopes With Lloyds Bid-Newspaper

LONDON -(Dow Jones)- Middle East-based sovereign wealth funds including Qatar Holdings and Abu Dhabi-based Mubadala Development Company have held talks with NBNK, the U.K. bank bid vehicle which is trying to buy a package of 632 Lloyds Banking Group PLC (LLOY.LN) branches, the Sunday Telegraph reports without citing sources.

Qatari wealth fund on gold buying spree

The Qatari Royal family plans to spend up to $US10 billion ($10.4 billion) buying stakes in gold producers through their sovereign wealth fund, The Daily Telegraph can disclose.

The fund is seeking to invest in a range of natural resources, but gaining access to physical gold is its top strategic priority.

Yesterday, Qatar Holdings, which controls the wealth of the Middle East state’s royal family, confirmed it would invest about $US1 billion in European Goldfields, a London-listed miner currently developing the largest gold-mining project in Greece.