More state-owned companies in China may be sold off as private entities in a bid to improve economic, according to a Chinese official affiliated with the agency that controls the country's largest state firms.
Sovereign wealth funds
Singapore's GIC buys Blackstone out of Broadgate deal
Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds.
Qatar sovereign wealth fund in talks to invest $200M in Indian residential property
Qatar Investment Authority, the sovereign wealth fund of the gas-rich, Middle Eastern country, is in talks with Mumbai-based Kotak Realty Fund to invest $200 million in a residential property in India.
When China seeks investments, diplomatic rows are no barrier
Two foreign investments in Chinese financial institutions this month suggest China will not turn away cash from countries it has taken diplomatic or trade measures against after blaming them for interference in its domestic affairs.
Morgan Stanley sells a major portion of its worldwide physical oil trading business to Rosneft
Wall Street lender Morgan Stanley has divested a major portion of its worldwide physical oil trading business to Rosneft, Russia's state-run oil company, Reuters reported.
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The Federal Reserve said it will be trimming its monthly bond purchases to $75 billion from $85 billion in its first move to start tapering, Bloomberg reported.
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
Russia is prepared to invest more than €5 billion in Serbia to back projects centered in the energy and production sectors including lubricant refining, and plant reconstruction projects.
The US Department of Energy (DOE) granted $13 million to five solar companies to help strengthen local solar manufacturing and increase competitiveness in the clean energy market.
JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washington Mutual.
An report published on The Financial Times detailed how private equity moves in markets to ensure that quantitative easing of the US Federal Reserve will not be further reduced.
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.
China's holdings in US Treasury securities were seen increasing to a figure nearing $1.314 trillion it last hit in July 2011 as the world awaits for the decision of the US Federal Reserve to taper its $85 billion monthly purchases, said a Bloomberg report.
Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it extended to the carmaker in 2009, according to an Associated Press report.
