Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.
Sovereign wealth funds
PM Tony Abbott says Australia may acquire stake in Qantas
Australian Prime Minister Tony Abbott said today the government may purchase a stake in Qantas Airways to help the troubled carrier compete with better-financed rivals.
Report says British Chancellor George Osborne considering tax relief for venture capital industry
According to a report on The Telegraph, British Chancellor George Osborne is said to be thinking of modifying the rules in the country's Enterprise Investment Scheme or EIS to boost investment in the venture capital industry.
Chinese regulators plans resumption of IPOs in China next month
After a 14-month freeze on initial public offerings, the China Securities Regulatory Commission said it expects a resumption of public listings by January next year.
Italian sovereign fund is frontrunner to acquire minority stake in Versace
State-backed sovereign fund Fondo Strategico Italiano is currently the leading bidder for a minority stake in Italian fashion company Versace. The possible deal is reportedly worth EUR850 million.
Latest News
Chuck Reed, the Mayor of San Jose, California, is leading a statewide voter initiative that aims to reduce skyrocketing costs of pension plans and retiree healthcare.
The Japanese equities market is making a comeback under the leadership of Prime Minister Shinzo Abe. In his Forbes report, contributor Panos Mourdoukoutas suggests four ways investors can trade the Japanese tsunami on equities.
A Bloomberg report cited officials from India's Finance Ministry who said the government plans to sell some of the stakes it holds in ITC Ltd, Axis Bank and Larsen & Toubro in order to gather funds.
Canadian government talks with Northleaf Capital, HarbourVest for venture capital investment- report
A report from The Wall Street Journal said the government of Canada is in discussions with Northleaf Capital Partners and HarbourVest Partners to manage a portion of the funds it has set aside for venture capital investment.
Fullerton, an investment fund run by Singaporean sovereign wealth fund Temasek Holdings, has acquired 5 million shares in Bollywood film distributor Eros International at USD11 apiece.
The central bank of Brazil said the country's monetary policy stands to be compromised if the Supreme Court rules against the nation's largest lenders for implementing government rules to fight hyperinflation in the past.
Because Japan's central bank absorbs JPY7 trillion worth of debt, primary dealers of Japanese government bonds are not concerned over plans of Government Pension Investment Fund to reduce its government debt holding.
New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.
As the new administration under Prime Minister Erna Solberg reviews the current investment mandate of its USD800 billion wealth fund, top officials like Norway central bank Governor Oeystein Olsen were pushing for a diversification of investments.
