Sovereign wealth funds

Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore

Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.


IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...

Sebi upgrading surveillance for CommExes

India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..

BC Clean-tech alliance seeks $500-mln fund from Trudeau

B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..


Latest News

State-backed Cool Japan Fund to invest in TV channels and retail properties offshore
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese comp
Industry executives, academics warn sequestration may undermine country's competitiveness- report
Industry executives and academics said mandatory budget cuts or sequestration have led to job losses and could eventually undermine the competitiveness of the US in the global economy, a Reuters repor
Qantas chief rules out capital raising for Australia's national carrier
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility
Norway's DNB rejects prediction on real estate
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
Malaysia's Mahathir Mohamad resigns as adviser to state-run Petronas
Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
Italian banks exit 59.3% stake in SIA
Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.
PM Tony Abbott says Australia may acquire stake in Qantas
Australian Prime Minister Tony Abbott said today the government may purchase a stake in Qantas Airways to help the troubled carrier compete with better-financed rivals.
Report says British Chancellor George Osborne considering tax relief for venture capital industry
According to a report on The Telegraph, British Chancellor George Osborne is said to be thinking of modifying the rules in the country's Enterprise Investment Scheme or EIS to boost investment in the
Chinese regulators plans resumption of IPOs in China next month
After a 14-month freeze on initial public offerings, the China Securities Regulatory Commission said it expects a resumption of public listings by January next year.
Italian sovereign fund is frontrunner to acquire minority stake in Versace
State-backed sovereign fund Fondo Strategico Italiano is currently the leading bidder for a minority stake in Italian fashion company Versace. The possible deal is reportedly worth EUR850 million.
Real Time Analytics