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Sovereign Wealth Funds Briefing 12.Apr 2013

Posted on 12 April 2013 by VRS |  Email |Print

Abu Dhabi state investment fund Mubadala swung back into profit in 2012 as losses on its financial investments halved and revenues rose across its broad portfolio of companies.
Mubadala, which has a mandate to diversify the capital of the United Arab Emirates’ oil-reliant economy, reported net profit of Dh455m ($124m), compared with a loss of Dh3.2bn in 2011, when the fund was hit by impairments caused by declining financial and property markets………………………………….Full Article: Source

Posted on 12 April 2013 by VRS |  Email |Print

Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate’s local economy, swung to a net profit in 2012, helped by improved margins at some of its core businesses and lower impairments. Mubadala, which has stakes in General Electric and private equity firm Carlyle, made a profit of AED455m ($123.88m) for 2012.
Unlike other regional sovereign wealth funds like Abu Dhabi Investment Authority (ADIA) or Qatar Investment Authority (QIA), Mubadala’s main goal is to engage in investments which enhance development of the local economy, a theme which has gained greater consensus since the wake of the Arab spring…………………………………..Full Article: Source

Posted on 12 April 2013 by VRS |  Email |Print

Mubadala Development Company’s total comprehensive income posted a strong surge to Dh1.4 billion from a negative Dh4.2 billion in 2011, on the back of bumper gains from chip-making, hydrocarbon, aerospace and satellite businesses.
The rise in the Abu Dhabi-based investment and development company’s comprehensive income is a result of a 12 per cent year-on-year surge in revenues, which rose to Dh31.3 billion compared to Dh 27.9 billion in 2011…………………………………..Full Article: Source

Posted on 12 April 2013 by VRS |  Email |Print

China’s foreign currency reserves rose in the first quarter by $130 billion, reaching a record $3,440 billion, roughly the size of Germany’s economy as a result of massive capital inflows. The advance is the biggest for a quarter, since the period from April through June 2011.
Strong growth in foreign capital inflows marks a significant change from last year when money was sent out money from China. Return of foreign funds accelerated the domestic lending, according to authorities in Beijing…………………………………..Full Article: Source

Posted on 12 April 2013 by VRS |  Email |Print

China is once again facing heavy capital inflows after its foreign exchange reserves posted their biggest quarterly increase since the second quarter of 2011. Reserves jumped $130 billion to $3.44 trillion in the first quarter, helping to fuel a surge in credit growth amid concerns about the level of debt in the economy.
The increase marks a sharp reversal from last year when money exited China. The return of cash from abroad helped stoke fast credit growth in the first quarter, according to the government. Total new financing in the economy increased 58 per cent to Rmb6.2 trillion ($1 trillion) compared to the first three months of 2012…………………………………..Full Article: Source

Posted on 12 April 2013 by VRS |  Email |Print

Singapore investment giant Temasek Holdings has teamed up with large American funds including KKR, Blackstone Group, Carlyle Group and TPG Capital to bid about US$11 billion (S$13.6 billion) for Life Technologies, according to people familiar with the matter, in what may become one of the world’s biggest acquisitions this year.
The offer for US-based Life Tech, which provides high-tech research equipment to laboratories, pits the buyout group against Thermo Fisher Scientific of the United States, the world’s largest maker of laboratory equipment, the sources said…………………………………..Full Article: Source

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