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July 25, 2008 11:11:14 PM CDT

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Stories related to: Abu Dhabi Investment Authority

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5 Stories

  • July 2008

    • Weak Dollar Scaring Off Foreign Funds

      newser  |  Financial Times (UK)  |  Jul 17, 08 4:18 PM CDT

      Weak Dollar Scaring Off Foreign Funds

      With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring European investments—a sign they don't trust US policy-makers to defend their currency. More »

      Tags

      China  • inflation  • weak dollar  • Abu Dhabi  • investment  • sovereign wealth funds  • Abu Dhabi Investment Authority

    • Petrodollars Snap Up Americana

      newser  |  New York Times  |  Jul 10, 08 4:33 AM CDT

      Petrodollars Snap Up Americana

      Foreign investors flush with dollars from the global commodities boom are using those greenbacks to buy flashy American properties, the New York Times reports. The government of Abu Dhabi bought a 75% stake in the Chrysler building Tuesday. Other recent "trophy" buys have included Donald Trump's Palm Beach mansion and some major works by American artists. More »

      Tags

      Abu Dhabi  • foreign investment  • sovereign wealth funds  • USA  • Abu Dhabi Investment Authority  • petrodollar  • Chrysler Building

  • February 2008
  • January 2008

    • Saudi Prince, Chinese Bank to Back Citigroup

      newser  |  Wall Street Journal  |  Jan 11, 08 6:02 PM CST

      Saudi Prince, Chinese Bank to Back Citigroup

      A Saudi prince and one of China's government banks are expected to invest billions in Citigroup, the Wall Street Journal reports today. The China Development Bank is expected to pump in $2 billion, sources said; the amount billionaire Prince Alwaleed bin Talal would front is yet to be determined, but would need to be below 5% of Citigroup's $140 billion value to avoid regulatory issues. More »

      Tags

      Citigroup  • Abu Dhabi Investment Authority  • China Development Bank

    • Sky-High Oil Will Reshape World Power, Dent US Clout

      newser  |  Wall Street Journal  |  Jan 3, 08 6:39 AM CST

      Sky-High Oil Will Reshape World Power, Dent US Clout

      The surging price of oil from $10 a barrel a decade ago to a record $100 today is remaking the global economy and altering the balance of power across the world, according to the Wall Street Journal . If oil prices continue to climb, as many experts predict, US political power will decline as the economic clout of oil producers increases exponentially. The price of oil was holding near $100 today, driven by concerns about US fuel supplies and the dollar, Reuters reports. More »

      Tags

      China  • Russia  • climate change  • oil price  • Vladimir Putin  • Middle East  • Saudi Arabia  • Venezuela  • ExxonMobil  • $100 a barrel oil  • United Arab Emirates  • International Monetary Fund  • fuel economy standards  • Abu Dhabi Investment Authority  • US automakers

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