LUANDA, Nov 20 - Angola is preparing to launch a sovereign wealth fund to invest the oil-rich nation's wealth abroad and protect it from the global financial crisis, according to a presidential statement issued on...
By Cong Mu China Investment Corp (CIC), the nation's sovereign wealth fund, has agreed to spend $2.75 billion to invest in commodities companies so far this week in order to spread out its holdings, analysts said on Thursday. The Jakarta-based coal producer PT Bumi Resources announced yesterday ...
China's $200 billion sovereign wealth fund, China Investment Corp (CIC), is preparing to invest in a variety of Amercian assets, including mortgage securities and Hollywood blockbusters, sources said yesterday. CIC plans to invest up to $2 billion in US mortgage securities under the US Treasury-b...
China Investment Corp (CIC), the country鈥檚 $200 billion sovereign wealth fund, has agreed to invest HK$2 billion ($258.1 million) for a 40 percent stake in private equity fund manager CITIC Capital, sources said yesterday. CITIC Capital, backed by the powerful CITIC Group, which is directly led...
Daimler AG, the world's second-largest maker of luxury cars, is in talks with China's sovereign wealth fund China Investment Corp (CIC) about the possible capital injection into the German automaker, said Daimler's Chief Executive Dieter Zetsche, the Frankfurter Allgemeine Zeitung newspaper reported on...
BEIJING, Jan 5 - China's sovereign wealth fund, in an unusually blunt description of its current focus, said on Monday that cash is king and big investments are just about off the table, according to...
China Investment Corp (CIC) has bought a 15 percent stake, or 573 million shares, in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise. The deal also includes a partnership agreement with the Singapore-listed Hong Kong-based Noble...
Shanghai, July 8 (Gasgoo.com) German car maker Porsche Automobile Holding and its stock options in Volkswagen AG have attracted interest from three addition bidders besides the Qatar Investment Authority, according to newspaper reports.
HONG KONG, Dec 3 - China Investment Corp, the sovereign wealth fund that has incurred steep paper losses on its stakes in U.S. financial firms, said on Wednesday it is "not brave enough" to invest...
SINGAPORE, Sept 29 - Singapore's GIC, the world's fourth-biggest sovereign wealth fund...