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Sovereign wealth funds

The Old Ghost Road

New Zealand's Old Ghost Road cycle trail receives $800k funding for completion

The Old Ghost Road cycle trail, which is developed by Mokihinui-Lyell Backcountry Trust, received $800,000 from the Department of Conservation of New Zealand to complete the project.

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City of Miami

Judge rejects Miami's bid to dismiss fraud lawsuit filed by regulator

Miami failed to convince US District Judge Cecilia Altonaga that the lawsuit filed against the city by the US Securities and Exchange Commission should be dismissed, Reuters reported.

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Asian Development Bank

Asia will weather effect of Fed Tapering - ADB President

Asian Development Bank President Takehiko Nakao expressed his confidence about Asia's economy should US Federal Reserve proceed with its plans to reduce its quantitative easing program.

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Dubai Stock Exchange

Bond issuance in the Gulf predicted to climb next year - report

Arabian Business said in its report that a rise in bond issuance in the Gulf region is seen next year partly in anticipation of the re-entry of the Abu Dhabi sovereign in the market after an over 5-year hiatus.

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Warrnambool Cheese & Butter Factory Co

China's CIC to back bid for Australia's Warrnambool - report

China Investment Corporation, an investment fund owned by the Chinese government, is backing a Chinese food company that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co, the Business Spectator reported on Friday, without citing any sources or naming the company.

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Singapore's GIC

Singapore's GIC buys Blackstone out of Broadgate deal

Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds.

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Qatar Investment Authority

Qatar sovereign wealth fund in talks to invest $200M in Indian residential property

Qatar Investment Authority, the sovereign wealth fund of the gas-rich, Middle Eastern country, is in talks with Mumbai-based Kotak Realty Fund to invest $200 million in a residential property in India.

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The Great Hall of the People in China

When China seeks investments, diplomatic rows are no barrier

Two foreign investments in Chinese financial institutions this month suggest China will not turn away cash from countries it has taken diplomatic or trade measures against after blaming them for interference in its domestic affairs.

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Morgan Stanley

Morgan Stanley divests physical oil trading operations to Rosneft

Wall Street lender Morgan Stanley has divested a major portion of its worldwide physical oil trading business to Rosneft, Russia's state-run oil company, Reuters reported.

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Nordic Capital

German private equity firm Nordic Capital secures $4.8B for eight buyout fund

Frankfurt, Germany-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion ($4.8 billion) for its eight buyout fund amid decreased volatility in Europe.

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Fukushima Nuclear Disaster

Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.

The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.

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China

More state-owned firms may be sold off in China -official

More state-owned companies in China may be sold off as private entities in a bid to improve economic, according to a Chinese official affiliated with the agency that controls the country's largest state firms.

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Ben Bernanke

FED trims monthly bond purchases to $75B

The Federal Reserve said it will be trimming its monthly bond purchases to $75 billion from $85 billion in its first move to start tapering, Bloomberg reported.

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Cheng Yu-tung

Billionaire Cheng's firm to acquire stake in Beijing airport

NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.

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Serbia

Russia to invest €5B in Serbia's energy sector

Russia is prepared to invest more than €5 billion in Serbia to back projects centered in the energy and production sectors including lubricant refining, and plant reconstruction projects.

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