Qatar's F1 Bid "Is Like Buying The Restaurant If It Won't Give You A Table."

Qatar’s sovereign wealth fund is bidding for a controlling stake in Formula One auto racing after getting the red light to host a race according to a senior sports manager who has likened the move to a guest buying a restaurant when it refuses to give him a table.

Why Is Oil Price So Stubbornly High, Asks Goldman Sachs

Goldman Sachs has a problem with the oil rally. In a morning note, the oil bear tried to explain why we are seeing a recent rally even though its fundamentals are bad.

Hedge Funds Cut Bullish Bets on Crude as Prices Tumble

Plunging oil prices spurred hedge funds to cut bullish wagers by the most in six weeks, losing confidence in the willingness of producers to constrict supply. Money managers cut net-long positions in West Texas Intermediate by 8.1 percent in the week ended Oct. 14.

DOJ probes finance firms' dealings with Libya: WSJ

(Reuters) - The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, the Wall Street Journal reported, citing people familiar with the matter.

Venezuela central bank denies transactions with Wall St

Nov 28 (Reuters) - Venezuela's central bank president denied on Thursday that Caracas is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.

Goldman Sachs Deal Averted Osborne Embarrassment, Group Says

Goldman Sachs Group Inc. (GS) was able to avoid paying as much as 20 million pounds ($31 million) in U.K. taxes as the government fought to shield Chancellor of the Exchequer George Osborne from political embarrassment, an advocacy group said at a London trial.

Raine Group arrives in big way as Softbank's adviser

NEW YORK (Reuters) - Almost as surprising as Softbank Corp's $20.1 billion deal to acquire 70 percent of Sprint Nextel Corp was the Japanese company's choice of its key U.S. adviser.

Bonus Limits Spark Exodus at Barclays Energy Trading Unit

Barclays Plc (BARC) spent a decade assembling a team of the most successful gas and power traders in Europe.

Libya eyes refund of Goldman, SocGen losses

MILAN (Reuters) - The Libyan sovereign wealth fund is investigating investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale to see whether it can claim compensation, the fund's chairman said on Wednesday.

China sovereign fund tipped to buy stake in Sberbank-paper

(Reuters) - China Investment Corp , the country's $300 billion sovereign wealth fund, is tipped to buy a 5 percent stake in Sberbank , Russia's biggest lender, a Chinese newspaper reported, citing sources.

The 21st Century Business Herald reported that an unidentified investment bank that is arranging the partial privatisation of Sberbank has contacted CIC for a possible deal.

SEC Looks At Goldman, Others’ Dealing With Libyan Sovereign Fund

U.S. securities regulators are investigating whether Goldman Sachs Group Inc. and other financial firms violated foreign bribery laws when dealing with the Libyan sovereign-wealth fund, the Wall Street Journal reported, citing sources.

Enforcement lawyers at the Securities and Exchange Commission are reviewing documents that detail the companies’ relationships with the Libyan Investment Authority, which is controlled by Moammar Gadhafi, sources told the Journal. Among other things, the SEC is specifically interested in a $50 million fee Goldman initially agreed to pay as part of a proposal set up to help the LIA recoup losses.

Goldman Sachs Lost 98% of Libya’s $1.3B Sovereign Wealth Fund Investment

As civil war roars on in Libya and Colonel Muammar Gadhafi vows to remain in power, reports surfaced that the Northern African country entrusted $1.3 billion through its sovereign wealth fund to Goldman Sachs in 2007, of which the investment bank lost approximately 98%, sparking the ire of Libyan officials. The fascinating drama includes Goldman offering Libya preferred equity and debt which could’ve made it one of the investment bank’s largest shareholders during the onset of the crisis, as well as intimidation and violent threats by Libyan officials.

Turnbull first and clearest on the need for a sovereign wealth fund

Turnbull certainly gets around. He's the opposition's telecommunications spokesman. But he also turned the wick down on the ASX and Singapore Exchange's chances of getting in bed together halfway through last month when he said the deal was hard to love.

The opposition was flying under the radar on the issue when Turnbull said the deal would be easier to embrace if it were structured more as ''an equal partnership''.