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October 7, 2008 9:00:25 AM CDT

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Stories related to: sovereign wealth funds

Stories

13 Stories

  • September 2008

    • Sovereign Funds, Foreign Leaders Sitting Out Bailout

      Washington Post  |  Sep 25, 08 9:23 AM CDT

      Sovereign Funds, Foreign Leaders Sitting Out Bailout

      (Newser) - Sovereign wealth funds that were eager to snap up US assets earlier this year are staying on the sidelines now, as the US crafts a massive financial rescue plan aimed at breaking up the logjams that have frozen credit markets, the Washington Post reports. Despite pleas from Treasury Secretary Henry Paulson to help prop up the financial system, foreign governments are taking the stance that the meltdown is an American problem to solve. More »

      Tags

      Federal Reserve  • Citigroup  • sovereign wealth funds  • China Investment Corp  • Kuwaiti Investment Authority

  • August 2008
  • July 2008

    • Weak Dollar Scaring Off Foreign Funds

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

      Weak Dollar Scaring Off Foreign Funds

      (Newser) - 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  • investment  • Abu Dhabi  • sovereign wealth funds  • Abu Dhabi Investment Authority

    • Petrodollars Snap Up Americana

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

      Petrodollars Snap Up Americana

      (Newser) - 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  • sovereign wealth funds  • foreign investment  • USA  • Abu Dhabi Investment Authority  • petrodollar  • Chrysler Building

  • June 2008

    • Barclays Seeks $7.8B From Sovereign Wealth Funds

      Times (UK)  |  Jun 16, 08 7:40 AM CDT

      Barclays Seeks $7.8B From Sovereign Wealth Funds

      (Newser) - The UK’s fourth-largest bank, Barclays, is looking to raise capital by issuing $7.8 billion in new equity, underwritten by sovereign wealth funds, the London Times reports. The announcement sent shares soaring in trading today. Barclays has been rumored for weeks to be considering a cash infusion, joining a number of other banks looking to recapitalize after getting pinched in the credit crisis. More »

      Tags

      credit crisis  • writedowns  • Barclays  • sovereign wealth funds  • equity

  • April 2008
  • March 2008

    • Banks Need to 'Fess Up on Risk: G7 Panel

      Wall Street Journal  |  Mar 29, 08 5:14 PM CDT

      Banks Need to 'Fess Up on Risk: G7 Panel

      (Newser) - Top financial regulators today challenged banks to come clean about risks they face, the Wall Street Journal reports. The Financial Stability Forum, a worldwide team of financial honchos—including several central bank chiefs—concluded that “hording of liquidity” was leading to “severe strains” in the lending market. Only greater transparency, they said, could restore lending confidence. More »

      Tags

      credit market  • hedge fund  • credit market chaos  • central bank  • sovereign wealth funds  • transparency

    • Sovereign Funds Agree on Conduct

      Wall Street Journal  |  Mar 20, 08 5:35 PM CDT

      Sovereign Funds Agree on Conduct

      (Newser) - Investment funds bankrolled by the governments of Abu Dhabi and Singapore agreed today with US Treasury Secretary Henry Paulson on guidelines aimed at allaying fears of political interference by the sovereign wealth funds, the Wall Street Journal reports. Decisions should be “based solely on commercial grounds," a statement reads, "rather than to advance … the geopolitical goals of the controlling government." More »

      Tags

      Henry Paulson  • Abu Dhabi  • Singapore  • International Monetary Fund  • sovereign wealth funds

  • February 2008
  • January 2008

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