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.