China ‘triple bubble’ points to long slide for commodities

NEW YORK (MarketWatch) — The “commodity super cycle” is dead. Now, it’s time to get used to the “commodity super down cycle, and China is the biggest reason why, warn strategists at Credit Suisse in a Thursday note.

Evercore Private Funds Group Strengthens Asia Pacific Presence

Evercore (EVR) announced today that its Private Funds Group has made two new hires in its Hong Kong office, expanding the team’s current activities in the Asia Pacific region.

Exclusive: Qatar bolstering wealth fund team to diversify portfolio - sources

DUBAI – Qatar's sovereign wealth fund, one of the world's most aggressive investors, is hiring senior bankers and industry executives to lessen the fund's reliance on Europe and diversify its investment portfolio, sources familiar with the plan said.

Libya in talks to buy Dubai's stake in Tunisie Telecom: sources

DUBAI (Reuters) - A unit of Libya's sovereign wealth fund is in talks to buy a 35-percent stake in state-owned Tunisie Telecom from a conglomerate owned by Dubai's ruler, three sources aware of the matter said.

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.

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.

Qatar to list $12 billion firm with assets from wealth fund

DOHA (Reuters) - Qatar will create a new $12 billion investment firm, backed by blue-chip assets from its sovereign wealth fund, and list it on the local stock exchange, its main institutional backer said on Tuesday.

Global banks rethink Middle East model as deals slump

DUBAI (Reuters) - When U.S. banking giant Citigroup Inc moved one of its top bankers, Alberto Verme, to Dubai in 2008, it was a sign of international banks' ambitions to tap economic growth in the oil-rich region.

Credit Suisse Shakes Up Management in Restructuring

LONDON – Credit Suisse shook up its management team on Tuesday, appointing a co-head of investment banking and merging its asset management division into its wealth management and private banking unit.

Credit Suisse, Qatar in Asset-Management Venture

Credit Suisse Group AG (CS) and Qatar Holding LLC (QTRHLD.YY), a unit of the gas-rich emirate's sovereign-wealth fund are forming an asset-management joint venture.

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.

Deutsche Bank to trim Dubai investment banking staff: Sources

DUBAI: Deutsche Bank is cutting several senior jobs in its investment banking business in Dubai, including directors, as it cuts costs to adapt to a tougher investment banking environment globally, three banking sources said.

Credit Suisse denies Swiss banks helping Germans dodge tax pact

ZURICH: The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes.

A safer way to invest in foreign bonds

(MONEY Magazine) -- Income-starved investors looking to amp up their portfolios have been turning to foreign bonds -- for obvious reasons. The 4.2% payout on the average foreign fixed-income fund dwarfs the yield on U.S. bonds by about 1½ percentage points.

Credit Suisse scales back Mideast private banking research: Sources

DUBAI: Credit Suisse has moved the head of its Middle East private banking equity research division to Geneva, two sources told Reuters on Sunday, the latest European bank to scale back research roles in the region.

WSJ UPDATE: Credit Suisse Moves to Address Capital Concerns

Credit Suisse Group AG (CS, CSGN.VX) said Wednesday it is shoring up its capital base through the sale of convertible bonds, more divestments and the launch of another cost-savings program, in a move that ends its feud with Switzerland's central bank but raises new questions about the credibility of its management team.

IFR-Mosaic to target sovereign wealth funds

by Stephen Lacey

NEW YORK, Feb 3 - The Mosaic Company is preparing to sound out sovereign wealth funds to elicit participation in the initial phase of a secondary stock sale that is expected to total US$8bn-$12bn.

The sounding effort, which is expected to begin in late February, is designed to build an initial base of support for what figures to be one of, if not the, largest transactions of the year, according to two sources close to the process.