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

Quebec approves $10M equity investment in Orbite Aluminae
The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investisseme
Kitchener to shell out $1M to provide offices for new local startups
Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro
German startup Changers closes $1.5M in Series A round to reward people who generate solar power
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewardi
Funding Circle obtains £40M investment from UK government to provide loans to SMBs
Small business loan online marketplace Funding Circle obtained a £40M investment from the UK government to allow the company to continue providing loans to small and medium-sized businesses (SMBs) in
Small Scottish island wants to be world's first 100% renewable energy place
Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines,
Uncle Sam loses $31M as it wavers on what to do with Bitcoin stash- report
The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New
Hedge funds ask Puerto Rico to raise sufficient capital for two years, give up sovereign immunity- sources
Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sourc
Japanese state-backed fund INCJ picks up minority stake in robotic hand maker Squse–sources
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three
Economists say the Fed likely to continue with taper despite lackluster job growth- report
According to economists, the poor jobs report will most likely not prevent the Federal Reserve from proceeding with the trimming of its monthly bond purchases, Bloomberg reported.
Russian investors pour cash into startup that detects photo manipulation
Moscow, Russia-based investment fund Flint Capital and government-backed early-stage fund FRII poured an undisclosed amount into St Petersburg-based photo manipulation detecting startup SMTDO Tech LTD
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