Sovereign wealth funds

Abu Dhabi Investment Authority

Abu Dhabi wealth fund to invest $250 million in Hines India Real Estate

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.

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Coal Excavator

Australia says Yanzhou Coal Mining can own 100pct in Yancoal Australia- report

Australia gave its approval to China state-owned coal firm Yanzhou Coal Mining Co to move towards a 100% ownership in Yancoal Australia, a Bloomberg report said.

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Commonwealth Bank of Australia

Dexus Property Group, CPPIB challenges GPT Group offer for Commonwealth Property Office Fund

Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.

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Power Grid Corp of India Ltd

Power Grip Corp to price share sale at top end of range- sources

State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.

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Chinese Yuan Notes

Sovereign investor gets approval to trade on bond market

China sovereign investor Central Huijin Investment Ltd received approval the Shanghai Office of the People's Bank of China to trade on the interbank bond market, a Bloomberg report said.

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London Skyline

Foreign investors eye London's commercial projects as UK real estate recovers

The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.

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Google and Yahoo

US web companies makes joint call for tighter surveillance controls

Eight US technology firms in the US wrote an open letter to President Barack Obama, calling on government to impose stricter controls on online surveillance.

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General Motors

US Govt exits final General Motors stake

The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.

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Beijing store

China's slowing inflation eases fears on monetary policy tightening

Tightening monetary policy in China has been reduced due to the slowing yearly consumer inflation rate of 3% in November from 3.2% the month before, said a Reuters report.

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UK Defence Secretary Philip Hammond

UK government to drop plans to acquire military equipment via private consortium

The Belfast Telegraph said in a report that Ministry of Defence Secretary Philip Hammond will be left working out other options after plans for purchasing military equipment via a private consortium had failed.

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World Trade Organization Ministerial Conference

WTO agrees on first trade reform deal

The World Trade Organization finally agreed on its first global trade deal on Saturday, December 7. The agreement could add nearly USD 1 trillion to the worldwide economy.

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Bitcoins no longer accepted on Baidu

After the government announced a ban on the use of Bitcoin for financial institutions, China's biggest search engine Baidu Inc announced that it would no longer be accepting the digital currency as payment.

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Bank Notes

US leads in venture capital funding - study

A study featured on Forbes revealed that the US still leads around the world in providing entrepreneurs with access to venture capital funding.

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US Federal Reserve

US Fed policy only enriches private equity and not companies, American people - report

A report cited an example on how private equity had benefited greatly from US Federal Reserve's quantitative easing policy instead of the monetary policy's true beneficiaries - US companies and the American people.

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Johannesburg Stock Exchange

JSE halts trade for five minutes to honor Mandela, banks to close on day of his funeral

The respect for the late politician and ex-president of South Africa Nelson Mandela was evident in the business sector, as trading and banks postponed their businesses to acknowledge Mandela's passing.

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