Kuwait Investment Authority, the country’s sovereign wealth fund, doubled investments in the U.K. over the last 10 years to more than $24 billion.
Sunday, June 30, 2013
Saturday, June 29, 2013
Canadian pension fund seals European warehouse deal with Segro
LONDON (Reuters) - One of Canada's largest pension funds formed a joint venture with Britain's Segro for a portfolio of European warehouses, the latest global investor attracted by the high returns of industrial real estate.
Friday, June 28, 2013
Chinese Investors Pursue U.S. Property Deals
First, it was the Japanese. Moneymen from Tokyo blew into the United States to buy famous pieces of the American landscape, from Rockefeller Center in New York to the Pebble Beach Golf Links in California.
Thursday, June 27, 2013
Portugal Yields Need Draghi to Keep His OMT Promise
Portugal’s 10-year bond yield jumped more than a percentage point in the past month to levels that may test European Central Bank President Mario Draghi’s pledge to buy bonds of crisis-torn countries.
Wednesday, June 26, 2013
Swiss court blocks Credit Suisse data transfer to US
GENEVA: A Swiss court has ordered an injunction halting the transfer of a former Credit Suisse employee's data to US authorities as part of the bank's attempt to settle a tax investigation, a lawyer involved in the case said on Tuesday.
Tuesday, June 25, 2013
Key points in the leadership switch in Qatar
DOHA, Qatar (AP) — Background on Tuesday's leadership transition in Qatar from the 61-year-old emir to his 33-year-old son, Sheik Tamim bin Hamad Al Thani.
Monday, June 24, 2013
Kuwait sheikh sues UBS for $21.4 mn in Dubai court
DUBAI: A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday.
Sunday, June 23, 2013
Angola names president's son to chair $5 bln sovereign wealth fund
LISBON (Reuters) - Angola on Friday appointed one of President Jose Eduardo dos Santos' sons to chair its $5 billion sovereign wealth fund, a move likely to raise further questions about transparency and nepotism in Africa's second-biggest oil producer.
Saturday, June 22, 2013
Five U.K. Banks Must Raise Extra $21 Billion Capital
Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said.
Friday, June 21, 2013
Eurozone finance ministers tackle bank reforms
LUXEMBOURG: Eurozone finance ministers try to keep a push for banking sector reforms on track Thursday, to ensure it is creditors who foot the bill for future bank rescues, not the weary taxpayer.
Thursday, June 20, 2013
Federal Reserve leaves interest rates alone and pledges to continue stimulus
The US Federal Reserve left interest rates unchanged and reaffirmed its pledge to maintain its massive stimulus program amid further signs of a split in the central bank's committee and speculation that chairman Ben Bernanke is preparing to step down.
Tuesday, June 18, 2013
Porsche family buys back stake from Qatar fund
BERLIN: Descendants of German automobile entrepreneur Ferdinand Porsche have bought back a 10 per cent stake in their holding company from Qatar's sovereign wealth fund.
Monday, June 17, 2013
Analysis: Fed-induced selloff has investors hunting for bargains
NEW YORK (Reuters) - Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the U.S. Federal Reserve could before long start to pull back on its massive monetary stimulus, big stock and bond markets have been feeling the pain.
Sunday, June 16, 2013
Emerging-Market Bond Funds See Second-Largest Net Weekly Outflows
Investors continued to pull money out of emerging-market bond and equity funds on escalated concerns about the tapering of the U.S. Federal Reserve's bond-buying program.
Friday, June 14, 2013
US retail sales beat expectations as automobiles surge
WASHINGTON: US retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, suggesting the economy was squeezing out of a recent soft patch.
Thursday, June 13, 2013
Africa Has Strongest Growth in Sovereign Funds, JPMorgan Says
Africa is experiencing the strongest growth in new sovereign wealth funds in the world as the continent’s nations are amassing commodity revenues and foreign-exchange reserves, according to JPMorgan Asset Management Inc.
Wednesday, June 12, 2013
India considers easing rules for sovereign wealth funds to stem rupee fall
NEW DELHI (Reuters) - The finance ministry, the RBI and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy.
Tuesday, June 11, 2013
Financial crisis curbs private equity investor returns: Survey
LONDON: Two thirds of private equity investors have made net returns of at least 11 per cent over the lifetime of their portfolios, a survey showed on Monday, with returns dropping since the financial crisis.
Monday, June 10, 2013
Despite the politics, Chinese investment in US grows
RALEIGH: The biggest-ever Chinese acquisition of a US company faces hurdles in Washington from lawmakers and regulators, but in much of America, Chinese investment is quietly booming.
Sunday, June 9, 2013
Strong demand should support stable performances for Asia-Pacific utilities, says S&P report
KOLKATA: Asia-Pacific utilities are well placed to benefit from the region's increasing appetite for energy. But evolving regulations, fuel shortages, rising costs, and lagging recoveries could put the brakes on performance.
Saturday, June 8, 2013
China Sovereign Fund President Says It’s Met State Expectations
China Investment Corp., the nation’s $482 billion sovereign wealth fund, has met the government’s expectations by delivering 5 percent annualized returns in the five years since its creation, the official Xinhua News Agency reported, citing the fund’s president.
Friday, June 7, 2013
Vietnam Eyes Foreign Investors to Expand Stock Market
Vietnamese regulators will submit a proposal next month to ease restrictions on foreign ownership in companies as they lure more international investors to a stock market that’s 14 times smaller than Singapore’s.
Thursday, June 6, 2013
Experts offer Angela Merkel tips on how to cheer up the Germans
BERLIN: "Happiness experts" from all over the world offered Germany's Angela Merkel tips on Wednesday on how to cheer up her citizens, often stereotyped as prosperous worriers who view their glasses as half empty rather than half full.
Wednesday, June 5, 2013
Bonds’ Point of No Return About a Standard Deviation Away
The biggest monthly loss in fixed-income securities since 2004 has still left global yields short of the tipping point that would signal a bear market in bonds.
Tuesday, June 4, 2013
Some Look to Norway as Model for US Oil Bounty
In a country where oil wealth has typically been controlled up by oil companies, the concept of the U.S. harnessing its energy boom to shore up its frayed public finances may be hard to conceive.
Monday, June 3, 2013
Gross’s Pimco Total Return Fund Falls 1.9% in May
Bill Gross’s Pimco Total Return Fund (PTTRX), the world’s largest mutual fund, declined 1.9 percent this month, the biggest monthly loss since September 2008.
Sunday, June 2, 2013
Swiss banks break ranks as US tax probe bites
ZURICH: The unified front with which Switzerland's banks have defended their culture of secrecy is breaking down as some prepare to hand over data in a US tax evasion probe, leaving others at greater risk of prosecution.
Saturday, June 1, 2013
Banks said to lend China's Shuanghui $7 billion for Smithfield deal
HONG KONG (Reuters) - Bank of China and Morgan Stanley have combined to provide $7 billion of loans to finance Shuanghui International's record deal to buy U.S. pork producer Smithfield Foods , people familiar with the matter said on Friday.
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