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…as Gulf funds buoyant on BP

Sovereign Wealth Funds (SWFs) from the Gulf swooped in to buy stakes in troubled financial institutions during the financial crisis – now there is speculation they are sizing up stakes in BP as the oil giant seeks to raise capital following the Deepwater Horizon disaster. Investors from the Middle East were running a ruler over […]
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Chinese whisper over CIC turf wars

The $300 billion China Investment Corporation (CIC) aims to sidestep official barriers to investing in the US by offloading its stakes in home-country banks. The proposal would see the sovereign wealth fund (SWF) relinquish responsibility for the Chinese government’s majority stakes in the country’s largest banks, such as Bank of China, the Financial Times reported. […]
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