Euro Drop to $1.20 Seen by Nomura on No Crisis: Chart of the Day

The euro will weaken more than 5 percent against the dollar by June in a slide that option traders forecast will be slower than the tumble during Europe’s debt crisis in 2012, according to Nomura Holdings Inc.

Consumerism booms as Cambodia embraces once-forbidden capitalism

(Reuters) - Chy Sila has come a long way since he invested his $500 life savings in a small shop in Cambodia's capital to sell bootleg music and pirated movies.

GIC’s RAC Investment Signals More Private-Equity Deals to Come

GIC Pte’s investment in U.K. roadside assistance company RAC Ltd. shows the state fund’s commitment to private equity, an asset class that will attract more sovereign funds, according to IHS Global Insight. (INSDHYS)

House prices in England and Wales stagnate in September: Hometrack

(Reuters) - Asking prices for houses in England and Wales flatlined in September for the first time in 19 months, according to a survey on Friday that showed a small fall in prices in London.

Draghi raises QE hopes again

The European Central Bank is ready to use a bigger bazooka to jump start growth and inflation in the euro-area should its existing measures fail to have an effect, said Mario Draghi.

Biggest Wealth Fund CEO Sticks to Norway in Own Investments

As head of the world’s biggest sovereign wealth fund Yngve Slyngstad has invested in more than 80 countries. Yet when placing his own money, he sticks to his home country Norway.

George Osborne likely to miss deficit reduction target as UK borrowing rises

The chancellor is on course to miss his deficit-cutting target this year, according to the latest figures, giving him a headache in the run up to the 2015 election when the economy takes centre stage.

Bundesbank says German economy robust but cautions on August

(Reuters) - Germany's economy remains robust, the country's central bank said on Monday, predicting a generally positive end to the year despite a slowdown so far.

What will make stocks go even higher?

Stocks hit fresh records last week after the Federal Reserve soothed investors' concerns by indicating that it's probably not going to raise interest rates anytime soon.

China to give foreign banks easier market access

In a major bid to liberalise its banking sector, China has announced that it will lift a ban on foreign banks from opening more than one branch in a Chinese city, a move which could lead to Indian banks setting up more branches in the country.

Fed's Fisher: wages rise when joblessness drops below 6.1 percent

(Reuters) - The United States could be on the verge of a worrisome surge in wages if unemployment continues its downward trend, based on research Dallas Federal Reserve Bank President Richard Fisher presented to his colleagues at the Fed's policy-setting meeting this week.

Europe shares close higher on Fed relief, ECB

European shares closed higher on Thursday after an announcement from the European Central Bank (ECB) on how it will make key decisions in the future.

EBRD bank slashes outlook for Russian economy

London (AFP) - Russia's economy will contract next year as a result of the crisis with Ukraine, the EBRD development bank forecast on Thursday after slashing its prediction for growth.

Sovereign fund code seeks new members among central banks

LONDON, Sept 12 (Reuters) -Signatories to an international set of guidelines on governance and transparency for sovereign wealth funds are exploring whether to take in a wider pool of state-backed investors including central banks.

A Scottish currency is still likely to be the toughest test for Holyrood

There is no doubting the emotional appeal of independence. For many Scots the positive lure of self-determination is perhaps matched only by the satisfaction of banishing control from Westminster.

AFRICA INVESTMENT-Africa sovereign funds tread tricky path on investments

LONDON, Sept 11 (Reuters) - As the oil producers of sub-Saharan Africa rush to create sovereign wealth funds, competing pressures to boost living standards now while saving for the future can throw up as many problems as they solve.

Europe's big banks in tentative return to growth mode

LONDON, Sept 12 (Reuters) - Europe's big banks returned to growth mode in the first half of this year, expanding their books by 530 million euros ($685 million), in a sign they are starting to get back on their feet after the financial crisis.

Scottish 'Yes' vote poses significant risk to UK growth forecasts

(Reuters) - If Scotland votes for independence next week, existing consensus forecasts predicting Britain will enjoy some of the best economic growth in the developed world could well be scuppered, a Reuters poll found.

Number of £1m homes sold in London 'to rise by almost half in five years'

The number of homes sold in London for £1m or more will go up by almost half by 2018 as house prices and prosperity soar in the capital, an estate agency has said.

Analysis: Tsunami of sovereign funds threatens world markets, say investors

LONDON (Reuters) - With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilize the world economy.

Schaeuble proposes scrapping Germany's 'solidarity tax': regional press

(Reuters) - German Finance Minister Wolfgang Schaeuble has proposed scrapping the "solidarity tax" that supports the country's poorer eastern states when it expires in 2019, a German newspaper reported on Tuesday.

Russia's PM signals $40 billion state help for Rosneft possible: Vedomosti

MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft , in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over time, Vedomosti newspaper said on Monday.

Searching for growth in Europe, clarity in China

BRUSSELS (Reuters) - The euro zone's struggle to avoid another recession will take center stage in the coming week in the absence of major U.S. data, as investors mull whether the ECB's new asset-buying plan is a prelude to even more radical steps.

U.S. Fed should end guidance on timing of policy change: Rosengren

(Reuters) - Given the "significant" slack in U.S. labor markets, the Federal Reserve should be patient about reducing monetary policy stimulus and refrain from telling markets exactly when it may raise rates, a top Fed official said on Friday.

GIC gives private equity firms run for their money

Singapore – In the first half of this year, Singapore’s GIC agreed to pay up to $310 million for minority stakes in two unlisted Philippine companies: Food producer Century Canning Corp. and hospital group Metro Pacific Investment Corp.

Brigade, Singapore's GIC to invest $248 mln in Indian property sector

NEW DELHI (Reuters) - Indian developer Brigade Enterprises (BRIG.NS) and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said.

UN urged to swoop on vulture funds

More than 130 developing countries have called on the UN to stop so-called vulture funds undermining debt restructuring deals like those at the centre of Argentina's US court battle.

Putin says spending from Russia's sovereign fund can't be raised: Interfax

(Reuters) - Russia cannot spend more of the $83 billion parked in its National Wealth Fund (NWF), President Vladimir Putin said on Monday, after the government recently raised the cap on how much of the fund can be used for domestic investments.

Neil Woodford sells all his HSBC stock due to 'fine inflation'

One of the UK's best-known investors has sold all his stock in HSBC, warning that "fine inflation" means the bank is too risky an investment.

Divisions Grow as a Downturn Rocks Europe

PARIS — Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise.