Canada To Allow Wealth Funds To Invest In Its Financial Institutions

OTTAWA -(Dow Jones)- The Canadian government said Thursday it plans to introduce legislation to allow foreign and domestic sovereign wealth funds to invest in Canadian financial institutions, a move which would allow banks and insurance companies to raise capital to meet new Basel banking rules.

Exclusive: Singapore's Temasek: evolution not revolution

SINGAPORE (Reuters) - Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group , another $160 billion institution, which has grown from a focused private equity firm to a global asset manager.

South Korea's $320bn pension fund to set up London base

One of the world's biggest pension funds is to set up a new base in London in a move the government expects to provide a major boost to investment in British infrastructure.

Abu Dhabi fund buys 5.6 percent of Brazil's EBX

DUBAI, United Arab Emirates (AP) — Mubadala Development Co., the Abu Dhabi investment firm with stakes in General Electric Co. and the Carlyle Group, agreed Monday to pump $2 billion into Brazil's EBX Group, looking to tap into the growing South American market.

Spain to Tighten Fiscal Screws

SINGAPORE—Spain's Finance Minister Luis de Guindos said Friday that his government would need to implement an additional €35 billion ($46.20 billion) of fiscal tightening this year and next to achieve its budget deficit goal.

THL’s Sperling Says New U.S. Regulations Weighing on Wall Street

Scott Sperling, co-president of private-equity firm Thomas H. Lee Partners LP, said new financial regulations are hurting the U.S. economy and increasing costs at Wall Street banks and asset managers.

BofA Merrill Lynch Fund Manager Survey Finds Investors Displaying Growing Conviction in Growth

NEW YORK & LONDON--(BUSINESS WIRE)--Investors are increasingly bullish about prospects for global growth and a diminishing number expect further rounds of quantitative easing (QE) by central banks, according to the BofA Merrill Lynch Survey of Fund Managers for March.

Wall Street retreats from 4-year high on China worries

NEW YORK: US stocks retreated from a near 4-year high on Tuesday on signs that indicated China's economy may be slowing.

What Jefferies Earnings Mean For The Rest Of Wall Street

The second half of 2011 was a challenging time for Wall Street’s major investment firms. Europe’s sovereign debt crisis had markets in turmoil and many clients were sitting on their hands rather than making bets that could turn bad in a hurry.

Norway sovereign wealth fund loses $15 bn in 2011

Norway's sovereign wealth fund lost $15 billion last year as European stock prices fell over uncertain growth prospects amid the debt crisis, the country's central bank said Friday.

China wealth fund nears buying assets in Poland

WARSAW (Reuters) - China Investment Corp has signed a deal with Poland's foreign investment body PAIiIZ that could see China's $410 billion sovereign wealth fund snap up assets in the European Union's largest eastern member in the coming years.

Indian Funds Best Gold Deal as Producers Trail: Riskless Return

As investors from George Soros to John Paulson snapped up bullion amid a decade-long rally, the best gold investment of the past two years was found in India, where funds tracking the metal surged while avoiding the stock market swings that hurt mining companies.

Greek deal holdouts face long wait to pay day

LONDON, March 14 (Reuters) - For a small band of bondholders refusing to sign up to Greece's debt restructuring, past experience shows they could more than triple their investments, but may have to wait decades for a payout.

Nigeria economy picks up on non-oil sector growth

ABUJA/LAGOS (Reuters) - Nigeria's economy grew at a faster rate in the fourth quarter last year than the previous three months because of a stronger performance in the non-oil sector, particularly telecoms, data showed on Tuesday.

Chesapeake’s CEO Courts Asian Investors for $100 Billion Resource: Energy

Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon is cultivating investors from Seoul to New Delhi eager to own natural gas that’s 85 percent cheaper than Middle East supplies because of a glut in the U.S.

Greece turns to growth, elections after debt deal

ATHENS: After the success of a debt cut plan which paves the way for a 130-billion euro ($170.55 billion) international bailout, attention in Athens is shifting to politics and on how to kick-start debt-laden Greece's stricken economy, officials said on Saturday.

Abu Dhabi sovereign fund looks to buy India property - sources

MUMBAI/DUBAI (Reuters) - Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, plans to invest directly in Indian real estate in an effort to diversify from its current strategy of ploughing money into the country through realty or private equity funds, sources familiar with the matter said.

Greece Restructuring Deadline Looms as Bond Investors Signal Swap Accord

The Greek government’s deadline for the biggest sovereign restructuring in history approached with a majority of investors signaling their readiness to participate in the debt swap.

How to Hedge Against Risks Now

There seems plenty to be happy about these days. The Dow this week closed above 13,000 for the first time in years, and just 9% shy of its all-time record. Europe is working hard to solve its debt crisis. And, the U.S. economy is showing signs of strength.

Asia Central Banks Poised to Pause Rates

Asia-Pacific central banks will probably hold off on adding monetary stimulus this week as higher oil prices combine with diminishing concern of a euro- region meltdown to make the case for preserving firepower.

China wealth fund gets $30 bln injection

China's $410-billion sovereign wealth fund received a $30 billion injection from the government last year, boosting its investment war chest for European assets, state media said Monday.

EU Leaders Declare Crisis Turning Point as Focus Starts Shifting to Growth

European leaders declared a turning point in the Greece-fueled debt crisis, shifting their focus away from the budget-cutting spree that has dominated two years of rescue operations.

Brazil slams rich countries over "currency war"

BRASILIA (Reuters) - Brazilian President Dilma Rousseff slammed rich nations on Thursday for unleashing a "tsunami" of cheap money that was "cannibalizing" poorer countries such as her own, forcing them to act to protect struggling local industries.

Top hedge fund managers take home $13 billion in 2011

NEW YORK: Even in a brutal year, some top hedge fund managers made out like bandits.