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

Russia needs government investment to avoid recession, says former finance minister
Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the
World stocks hit one-month low, caution ahead of Fed
Global shares hit a one-month low on Tuesday as investors refrained from placing strong bets before a Fed meeting that could adjust expectations about how soon the U.S. central bank will hike interest
China August FDI falls to lowest in at least two-and-a-half years
China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy.
Sinopec sells $17.5 billion stake in retail unit to investors
Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
Falling oil price tilts political, economic balance in U.S. favor
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and R
China on track to develop Indian railways as Xi heads to South Asia
China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Nare
Wall St. declines with energy, ends five-week string of gains
U.S. stocks fell on Friday as energy shares extended their recent slide, while rising bond yields drove down high-dividend paying shares. Major indexes finished lower after five straight weeks of gain
Dollar heads for best run in 17 years
The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of fina
Asian shares tread cautiously after Obama speech
Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.
China's economy can avoid hard landing: Premier Li
China's economy can avoid an sharp drop in growth, Premier Li Keqiang said on Wednesday as he promised to accelerate China's switch to an economic model driven by science and innovation.
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