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Sovereign wealth funds

solar energy

US Department of Energy pours in $13M into solar manufacturing firms

The US Department of Energy (DOE) granted $13 million to five solar companies to help strengthen local solar manufacturing and increase competitiveness in the clean energy market.

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Washington Mutual

JPMorgan strikes back, sues FDIC

JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washington Mutual.

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US Federal Reserve Chairman Ben Bernanke

US Federal Reserve's largasse is private equity benefit - report

An report published on The Financial Times detailed how private equity moves in markets to ensure that quantitative easing of the US Federal Reserve will not be further reduced.

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Viktor Yanukovich and Vladimir Putin

Russia extends $15B bailout package to Ukraine

The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.

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Dollar and Yuan Notes

Treasury ownership by China to hit new record as Fed taper delays

China's holdings in US Treasury securities were seen increasing to a figure nearing $1.314 trillion it last hit in July 2011 as the world awaits for the decision of the US Federal Reserve to taper its $85 billion monthly purchases, said a Bloomberg report.

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Dan Akerson

Taxpayers earned gains on GM bailout - outgoing CEO

Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it extended to the carmaker in 2009, according to an Associated Press report.

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Wind turbines

US Infrastructure gets near-failing grade by civil engineers group

In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid waste and others an aggregate almost flunking grade.

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Euro note

ECB explains 10 euro note in Tetris-like online game

In the European Central Bank's launch of a new 10 euro note, the Euro Zone's central bank launched an online competition wherein top-scoring players get the chance to win exclusive prizes for playing a Tetris-like game that unlocks information about the new note's security features.

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The Irish flag

Ireland is no tax haven, it's just competitive - report

A report on VentureBeat explained why the country of Ireland is not an attractive investment only for its low corporate tax rate, which many US tech companies with offices in the region had taken advantage.

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Loehmann's Holdings Inc.

Discount chain Loehmann's files for bankruptcy

Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.

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Japan International Cooperation Agency (JICA)

Japan to invest $2M to revive Iran's Anzali lagoon

The Japan International Cooperation Agency (JICA) will pour in $2 million in three projects aimed at reviving the degraded Anzali lagoon in Iran, according to an environment official cited by IRNA new agency.

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Shanghai Stock Exchange

2014 poised to be the year of Bitcoin, property, and other asset bubbles - report

Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.

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Abu Dhabi Investment Authority

Abu Dhabi Fund to develop Montenegro luxury resort

The the government of the United Arab Emirates through its Abu Dhabi Investment Authority (ADIA) agreed to develop a luxury tourism resort in Montenegro, said Prime Minister Milo Dukanović in a statement published on his government's website.

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Bitcoin

Norway says Bitcoins aren't real money

Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.

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Russian Direct Investment Fund

Russian Wealth Fund announces joint venture with Barings in coal private equity deal

The Russian Direct Investment Fund announced today its joint venture with Baring Vostok Private Equity Fund V to invest in a coking coal business Tigers Realm Coal Limited.

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