Tue, Sep 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 08.Sep 2010

Posted on 08 September 2010 by VRS |  Email |Print

From Reuters: China’s state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada’s Potash Corp, the world’s largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.
The move follows an order by Chinese officials for state companies to meet investment bankers to explore ways to block BHP Billiton’s $39 billion hostile bid for Potash Corp……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Barrons.com: China’s chemical producer Sinochem may bid for Potash (POT) with the help of Singapore’s sovereign investment fund Temasek Holdings, according to a report this morning by Dow Jones Newswires’s Costas Paris, citing an unnamed “person familiar.”
Talks are in early stages, and any action may become clearer in a couple of weeks, Paris writes……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Theglobeandmail.com: Singapore sovereign wealth fund Temasek was invited by Sinochem to join a consortium that may make an offer for the Saskatoon-based company, the world’s largest fertilizer firm, a Reuters report said Tuesday.
Since BHP’s offer was first revealed on Aug. 17, no rival bids have emerged. Major Potash Corp. shareholders see BHP’s $130 per-share offer as a “non-starter,” Potash Corp. chief executive officer Bill Doyle said, while BHP has said its offer is “full and fair.”………………………………………Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From AP: Unicredit CEO Alessandro Profumo said Monday that a Libyan sovereign fund acted on its own to take a stake in the bank and that the move was not solicited.
“These gentlemen made the decision in full autonomy to increase their stake,” Profumo said in an interview with foreign journalists. “They bought the shares on the market.”………………………………………Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Timeslive.co.za: Libya has no stake in British energy giant BP or any other international oil firms, the government website said, countering speculation to the contrary. “We warn that the Libyan Investment Authority is the only body tasked to take decisions on investment,” it added.
In July, Chokri Ghanem, chief of Libya’s National Oil Co, had said “BP represents an opportunity for any investor.”………………………………………Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Afriqueavenir.org: Nigeria’s proposed Sovereign Wealth Fund to be financed with oil revenue would be set up in October with US$1 billion to help pay for infrastructure, Finance Minister Olusegun Aganga said in Abuja on Tuesday.
“The oil-financed infrastructure fund would encourage foreign investment in the power industry and abolish fuel subsidies and is targeted at helping to galvanise economic growth of 10 per cent,” he said……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Reuters: Dubai Holding’s main unit will delay repayment on a $555 million loan until November 30, the second time it has failed to meet a repayment deadline.
Dubai Holding, one of the emirate’s three state-owned firms along with troubled conglomerate Dubai World and Investment Corporation of Dubai, has debt obligations estimated at $14.8 billion out of a total $109 billion owed by the government of Dubai and its related entities……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Bloomberg: Norway’s sovereign wealth fund, the world’s second largest, said in August that it had bought Greek bonds, along with those from Spain and Portugal, because of higher yields and as those governments push to reduce their deficits.
The fiscal crisis turned attention to currency swaps arranged by Goldman Sachs Group Inc. that helped Greece hide the extent of its debt……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From China Knowledge: Central Huijin Investment Co, the domestic investment arm of the nation’s sovereign wealth fund, China Investment Corp, is planning to float RMB 55 billion ($8.11 billion) worth of bonds in mid-September, sources reported.
The state-owned investment arm will issue RMB 20 billion of five-year notes and RMB 15 billion of 30-year bonds on Sep. 16, with options to issue an additional RMB 20 billion……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Reuters: Hong Kong’s official foreign currency reserve assets stood at $261.4 billion at the end of August, the Hong Kong Monetary Authority said on Tuesday, up 0.27 percent from $260.7 billion at the end of July.
Hong Kong, whose currency is linked to the U.S. dollar, ranks as the world’s seventh-largest holder of foreign currency reserves after mainland China, Japan, Russia, Taiwan, Korea and India……………………………………….Full Article: Source

Posted on 08 September 2010 by VRS |  Email |Print

From Dow Jones: The Swiss National Bank’s currency reserves declined to 218.1 billion Swiss francs ($215 billion) by the end of August from an upwardly revised CHF219.5 billion at the end of July.
The slight CHF1.4 billion drop signals that the buying of foreign currencies to check the franc’s appreciation against the euro continued to tail off from the levels seen earlier this year……………………………………….Full Article: Source

See more articles in the archive

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930