Tue, Sep 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 04.Dec 2012

Posted on 04 December 2012 by VRS |  Email |Print

The state is courting sovereign wealth funds, pensions and endowments to raise more than $50 billion needed to build the proposed high-speed rail system, Bloomberg reports.
California’s planned bullet train would link San Francisco and Los Angeles at a cost estimated at $68.4 billion. California so far has $10 billion in bonds approved by voters for the project, as well as $3.3 billion committed by the federal government………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

The number of double taxation treaties signed between the UAE and other countries has surged by more than 40 per cent in the past four years, and tax experts expect the trend to continue. Tax matters are growing in importance for regional sovereign wealth funds that deploy billions of dollars overseas in typically long-term investments that by their nature carry future taxation-related risk.
“As sovereign wealth funds want to expand to other places around the globe they need to have some certainty as to what the tax rules are between the two countries,” said Greg Wiebe, the global head of tax at KPMG………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

Cost-cutting has helped restore Nigeria’s Excess Crude Account (ECA) to some $9 billion in oil savings, or more than double what it was a year ago, Finance Minister Ngozi Okonjo-Iweala said on Monday.
Okonjo-Iweala was addressing delegates in Abuja at the annual Nigerian Economic Summit, whose themes include reducing the high cost of governance in Africa’s top oil producer. Nigeria is Africa’s second biggest economy and its sovereign debt is closely watched by foreign investors, especially since JP Morgan included it in its emerging market index in October………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

Olam International, under attack from United States-based short seller Muddy Waters over its finances, has found strong backing from key shareholder Temasek Holdings, which will not only subscribe to its portion of a massive US$1.25 billion (S$1.52 billion) capital raising exercise by the Singapore-based commodities giant but will also subscribe to any bond or warrant not taken up by other shareholders.
Put together at the weekend by Olam’s bankers and Temasek, the offer to the commodity firm’s shareholders will see the issue of US$750 million in five-year bonds carrying a coupon of 6.75 per cent a year, stapled with up to US$500 million of warrants………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

Gao Xiqing, President, China Investment Corporation on Monday appreciated the unanimity he registered among business community, investors, bankers and government functionaries in Pakistan about the needs of their country and the modes to meet the same.
Talking to the delegations of FPCCI and Pakistan China Business Council, he said since there was absolute understanding viz a viz priorities of their country it was easy for his team to make its recommendations about possible investments in identified sectors. “CIC that had for quite some focussed on low risk investments is now contemplating to modify its approach,” said Gao Xiqing………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

The high powered delegation of the China Investment Corporation (CIC) led by its President, Gao Xiqing, on Monday visited the Karachi Stock Exchange (KSE). On arrival, the delegation was received by the Chairman of the KSE, Muneer Kamal and Managing Director, Nadeem Naqvi.
Gao Xiqing also performed the Gong ceremony that heralds the commencement of the trading session. Later, Muneer Kamal briefed the members of the delegation regarding the KSE………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

Next year, for the first time in its history, the country’s State Oil Fund will post a multi-billion-dollar deficit. For economists, the question is what to do about it. Azerbaijan’s 2013 budget, passed on November 30, is expected to increase by roughly 12 percent to 19.15 billion manats or $24.4 billion.
As it has since 2009, the State Oil Fund (SOFAZ), which oversees investment of the country’s oil revenues, will provide the lion’s share (59.3 percent) of that sum, via a direct transfer of 11.4 billion manats, or $14.5 billion………………………………………..Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

On today’s “Money Moves,” Bloomberg News puts the focus on alternative assets and places where investors are putting their money outside of the traditional stock and bond markets.……………………………………….Full Article: Source

Posted on 04 December 2012 by VRS |  Email |Print

Cristina Alesci reports on the largest sovereign wealth funds under management. She speaks with Deirdre Bolton on Bloomberg Television’s “Money Moves.”.………………………………………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