Inflation hurts investment outlook, Norway sovereign wealth fund CEO says
OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund faces growing obstacles to earning a return on its investments amid persistent inflation, already-high market valuations and geopolitical tension, its CEO said on…
Watch: Sovereign Citizen Finds Out Florida’s Laws Are Real During Traffic Stop
VOLUSIA, FL – A recent traffic stop in Volusia County escalated when deputies encountered individuals claiming to be sovereign citizens, resulting in multiple arrests. “You mean I need to have a driver’s…
Australia sovereign wealth fund should be preserved, not spent -chair
By Lewis Jackson SYDNEY (Reuters) – Australia’s financial position will be more precarious and credit rating at risk should the government succumb to the temptation to spend the sovereign wealth fund on…
Exclusive-China’s sovereign fund appoints new North America chief -sources
By Echo Wang NEW YORK (Reuters) – China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a…
Amazon Web Services to launch European sovereign cloud
STOCKHOLM (Reuters) – Amazon Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store data…
U.S. Treasury sees ‘potential improvement’ in sovereign debt cases
By Andrea Shalal WASHINGTON (Reuters) – A senior U.S. Treasury official on Monday said there were signs of “potential improvement” in sovereign debt restructuring cases and more vulnerable countries were expected to…
Factbox-How Ireland’s new sovereign wealth fund will work
DUBLIN (Reuters) – Ireland detailed on Tuesday how it plans to turn some of Europe’s healthiest public finances into a 100 billion-euro($106 billion) sovereign wealth fund to ease future healthcare, pension and…
Explainer-Why is Ireland launching a sovereign wealth fund?
DUBLIN (Reuters) – Ireland detailed on Tuesday how it intends to turn some of the healthiest public finances in Europe into a 100 billion euro sovereign wealth fund to ease future healthcare,…
Australia’s $131 billion sovereign wealth fund chair will not seek another term
SYDNEY (Reuters) – The head of Australia’s A$206 billion ($131 billion) sovereign wealth fund had informed the Australian government he will not seek a third term, Treasurer Jim Chalmers said on Monday,…
Global sovereign debt roundtable to meet on local debt restructuring -sources
(Refile for grammar fix in first paragraph) By Jorgelina do Rosario LONDON (Reuters) -Global creditors will discuss the inclusion of domestic debt in restructuring plans for countries in default next week, two…
Norway’s wealth fund to close China office
By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office in China, it said on Thursday, though…
Australia’s sovereign fund misses return target, says outlook choppy
By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday that markets were downplaying the risks from…
Morgan Stanley cuts Israel sovereign credit to “dislike stance” after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought by Prime…
European sovereign bond funds pull in record $15 billion in second quarter
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the year, lured in by high yields and…
Fitch upgrades Pakistan’s sovereign rating to CCC after IMF deal
By Asif Shahzad ISLAMABAD (Reuters) – Fitch credit rating agency on Monday upgraded Pakistan’s long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country reeling under…
Norway sovereign wealth fund excludes Korea Gas, India’s GAIL over Myanmar link
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to the Myanmar military.…
Sri Lanka central bank says sovereign lenders yet to outline debt talks plans
By Jorgelina do Rosario and Uditha Jayasinghe WASHINGTON/COLOMBO (Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion…
IMF sets next sovereign debt roundtable for April 3
WASHINGTON (Reuters) – The IMF, World Bank and India, current president of the Group of 20 major economies, will convene a new sovereign debt roundtable again on April 3, an IMF official…
UK drops plan to tax sovereign wealth funds
LONDON (Reuters) – British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, according to a government document. The report, detailing the measures in a…
Norway sovereign fund expects to recover some SVB debt investment
OSLO (Reuters) – Norway’s sovereign wealth fund said on Monday it expects to recover some of the investment it made in the bonds of collapsed U.S. bank SVB Financial Group. “This is…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the…
Sovereign investors favour U.S., India as top 2022 investment markets – study
LONDON (Reuters) – India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by…
China sovereign fund CIC posts 14.27% overseas investment return in 2021
BEIJING/HONG KONG (Reuters) – The China Investment Corp (CIC) sovereign wealth fund booked a 14.27% net return on overseas investment in 2021 in U.S. dollar terms, it said on Friday. Its annualised…
Fitch downgrades Argentina’s sovereign credit rating to ‘CCC-‘
By Adam Jourdan BUENOS AIRES (Reuters) – Ratings agency Fitch on Wednesday downgraded Argentina’s long-term sovereign credit rating by a notch to ‘CCC-‘ from ‘CCC’, citing deep macroeconomic imbalances and rising risks…
Sovereign bond market turmoil to spill well into next year: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates to…
Fitch cuts Pakistan’s sovereign credit rating to ‘CCC+’ from ‘B-‘
(Reuters) -Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-‘, citing further deterioration in the country’s external liquidity and funding conditions and a…
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