Caixa Geral sells Portugal Telecom stake for EUR 196 million
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
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
Authorities investigate Henan Dayou for possible irregularities involving disclosures
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.
Massachusetts state pension fund ranks first in private equity investment returns- study
The state pension fund of Massachusetts ranked the first in private equity investments, according to a report from the Private Equity Growth Capital Council.
Sun Life Financial says China joint venture to become profitable in two years
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Brazil sells dollar bonds worth USD 3.2 billion
Brazil sold dollar bonds amounting to USD 3.2 billion set to mature in 2025 and established a new benchmark in international markets.
Texas firm buys USS Forrestal for a single cent
The US Navy sold the USS Forrestal to All Star Metals for one cent.
Yue Xiu Group nears deal to acquire Chong Hing Bank
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
Meridian Energy Ltd's IPO to raise USD 1.6 billion for New Zealand
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Jerky treat recalls still gives no clue to what killed 600 pets
Health officials still could not find an answer to what killed 600 pets linked to jerky treats made in China.
Temasek Holdings sells off shares in Keppel REIT
Keppel REIT's shares were sold off by sovereign wealth fund Temasek Holdings.
