Thu, Jun 17, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 15.Aug 2012

Posted on 15 August 2012 by VRS |  Email |Print

Singapore’s sovereign-wealth fund is forcing an auction of four massive luxury U.S. resorts, setting up the fund for a confrontation with the existing owners: a group led by hedge fund Paulson & Co. and Boston-based Winthrop Realty Trust.
At stake is control over some of the most-prestigious hotel properties in the U.S., including the 780-room Grand Wailea Resort Hotel & Spa in Wailea, Hawaii, and the 796-room La Quinta Resort & Club PGA West in La Quinta, Calif. The properties have been operating under bankruptcy-court protection for the past 18 months, after prior owners were unable to pay off $1.5 billion in mortgages………………………………………..Full Article: Source

Posted on 15 August 2012 by VRS |  Email |Print

The Federal Government has as part of an immediate plan to provide a buffer for the economy increased the Excess Crude Account (ECA) from N848 billioin ($5.3 billion) to N1.6 trillion ($10 billion).
This was part of the high points of the decision taken Monday by the National Economic Council (NEC) to protect the economy for at least three months from a possible global recession. While expressing confidence in the economy, the National Economic Council stated, ‘the economy is in good standing but pointed out the need for more judicious borrowing and application of funds by different levels of government.’……………………………………….Full Article: Source

Posted on 15 August 2012 by VRS |  Email |Print

As part of its commitment to to nurturing arts, education, culture and creativity across the Emirate, Mubadala Development Company has announced the launch of its first art competition themed: My UAE on a Canvas, part of Weyana, Mubadala’s Youth Program.
Commenting on the art competition, Amina Taher, Head of Community Engagement, Mubadala, said, “By extending our relationship with ADMAF to become its Youth Partner and developing initiatives such as the art competition, we hope to increase participation in and appreciation of arts and culture among community members. We are proud of this partnership and the numerous initiatives that we’re collaborating on for the benefit of fostering and celebrating home-grown talent.” (Press Release)

Posted on 15 August 2012 by VRS |  Email |Print

Serbia’s foreign-exchange reserves fell 0.2 percent in July as lenders withdrew more funds to boost their capital. Reserves declined to 10.14 billion euros ($12.53 billion) in July from 10.16 billion euros in June and 12.1 billion euros at the end of 2011, the Belgrade-based Narodna Banka Srbije said in an e-mail today. Lenders withdrew 167.4 million euros from mandatory reserves, the central bank said.
Net reserves, excluding deposits by commercial lenders and money from the International Monetary Fund, rose to 5.53 billion euros from 5.42 billion euros in June, it said………………………………………..Full Article: Source

See more articles in the archive

banner
banner
banner
banner
June 2021
M T W T F S S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930