Japan should set up a sovereign-wealth fund to fight the high yen, and sell as many government assets as possible to reduce reliance on tax increases to fund quake reconstruction, the ruling party's policy chief said Wednesday.
Showing posts with label sovereign-wealth fund. Show all posts
Showing posts with label sovereign-wealth fund. Show all posts
Friday, October 28, 2011
Thursday, October 13, 2011
China’s CIC to Invest $1 Billion in Kremlin-Backed Fund
China Investment Corp., the nation’s sovereign-wealth fund, agreed to contribute $1 billion to a Russian private-equity vehicle, the first foreign commitment to a project championed by President Dmitry Medvedev.
Beijing-based CIC, which oversaw $409.6 billion by end-2010, plans to invest in a new Russia-China Investment Fund, Kirill Dmitriev, head of the Russian Direct Investment Fund that will co-manage the new vehicle, said by phone from Beijing yesterday, where the agreement was signed during a visit by Prime Minister Vladimir Putin.
Beijing-based CIC, which oversaw $409.6 billion by end-2010, plans to invest in a new Russia-China Investment Fund, Kirill Dmitriev, head of the Russian Direct Investment Fund that will co-manage the new vehicle, said by phone from Beijing yesterday, where the agreement was signed during a visit by Prime Minister Vladimir Putin.
Saturday, April 16, 2011
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.
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.
Monday, February 28, 2011
Qatari fund considers stake in Glencore
Qatar is weighing an investment in Glencore as the world’s largest commodities trader canvasses potential cornerstone investors for its much-anticipated $60bn initial public offering in London and Hong Kong in the second quarter of the year.
Qatar prime minister, Sheikh Hamid Bin Jasim al Thani, told reporters in Doha that the country’s sovereign wealth fund planned to meet Glencore’s senior management and bankers this week to discuss a potential investment. “We are studying the matter at the moment,” he said.
Qatar prime minister, Sheikh Hamid Bin Jasim al Thani, told reporters in Doha that the country’s sovereign wealth fund planned to meet Glencore’s senior management and bankers this week to discuss a potential investment. “We are studying the matter at the moment,” he said.
Tuesday, February 15, 2011
South Africa Government Unlikely to Create Sovereign-Wealth Fund This Year
South Africa’s government is unlikely to create a sovereign-wealth fund this year, according to Richard Levin, director-general of the Department of Economic Development.
Proposals to establish the fund, which would be used to help manage foreign reserves and the value of the currency, are contained in the government’s new growth plan, unveiled by Economic Development Minister Ebrahim Patel on Nov. 23.
Proposals to establish the fund, which would be used to help manage foreign reserves and the value of the currency, are contained in the government’s new growth plan, unveiled by Economic Development Minister Ebrahim Patel on Nov. 23.
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