Latest News for: Sovereign wealth

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World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

CNBC 22 Oct 2024
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion) ... .
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Norway's sovereign wealth fund earns $76 billion in third quarter of 2024

Gulf News 22 Oct 2024
Oslo. Norway's sovereign wealth fund, the world's largest, posted a gain of more than $76 billion in the third quarter as the global equities market got a boost from lower interest rates, it said Tuesday ... .
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Newcastle’s sale to PIF was alarming landmark – people deserve the truth

AOL 22 Oct 2024
The art of spin can force you to question even what you know to be true ... To whom, after all, would a sovereign wealth fund ultimately be answerable, if not the de facto sovereign? Amanda Staveley nevertheless insisted ... .
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Newcastle, Saudi Arabia and desperate decline of English football

The Spectator 22 Oct 2024
It is one thing to have diplomatic and business links with what many would describe as unsavoury regimes with unsavoury leaders, quite another to sell them our cultural institutions – our sovereign wealth.
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Norway's wealth fund says lower interest rates had a 'pretty significant impact' on earnings

CNBC 22 Oct 2024
Trond Grande, deputy CEO of Norges Bank Investment Management, which manages the world's largest sovereign wealth fund, discusses the fund's third-quarter earnings, European banks and the outlook for tech stocks ... .
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UAE private sector key to enhancing global cooperation

Khaleejtimes 22 Oct 2024
Drawing attention to the more than $100 trillion in assets under management between sovereign wealth, pensions, insurance and family offices, and the UN estimates of approximately $4 trillion annually ...
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Sibos conference in Beijing reveals China's financial openness

China Daily 22 Oct 2024
... support excellent Chinese companies in listing and issuing bonds overseas, and encourage China's sovereign wealth funds, financial institutions and other business entities to invest overseas, Lu said.
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Finance meet shows China's financial openness

The Manila Times 22 Oct 2024
... support excellent Chinese companies in listing and issuing bonds overseas, and encourage China's sovereign wealth funds, financial institutions and other business entities to invest overseas, Lu said.
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Revitalizing property, shares high on agenda

China Daily 22 Oct 2024
... of the PBOC, said the country's financial sector will continue to embrace opening-up and cooperation, vowing to encourage Chinese sovereign wealth funds and financial institutions to invest abroad.
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Women footballers call on FIFA to drop Saudi Aramco as sponsor

Yahoo Daily News 22 Oct 2024
Saudi Arabia has invested heavily in sport in recent years, with the Gulf State's Pro League snatching big names from the major European leagues thanks to the backing of the country's sovereign wealth fund ... The spokesman added ... lp/bsp. .
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Qatar splurges on plush $9.8M Greenwich Village condo — in latest NYC real estate power move

New York Post 22 Oct 2024
7 ... March. 7 ... Getty Images ... 7 ... March ... 7. 21 Beekman Place ... 72nd St. on the Upper East Side, while the sovereign wealth fund, Qatar Investment Authority (QIA), has invested billions in projects like the $3.8 billion Manhattan West development with Brookfield ... 7.
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More than money: Geopolitics drives Saudi sports spending

Asiatimes 22 Oct 2024
There’s a saying in sports journalism ... In a simple sense, there is a clear profit motive. With US$925 billion in assets in 2023, Saudi Arabia’s sovereign wealth fund exists to convert oil revenues into even greater national income ... ‘Sportswashing’ ... OR.
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Head of World’s Largest Sovereign Wealth Fund Sees a Problem With the A.I. Hype

New York Observer 21 Oct 2024
Nicolai Tangen heads the world’s largest sovereign wealth fund ... $2 trillion in assets as CEO of Norges Bank Investment Management, which manages the world’s largest sovereign wealth fund.
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Premier League will not review Saudi Newcastle deal after Bin Salman claims

Yahoo Daily News 21 Oct 2024
The Premier League sees no reason to review the legality of Newcastle United’s takeover by Saudi Arabia’s sovereign wealth fund after reports of crown prince Mohammed bin Salman’s extensive involvement in the deal.

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Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024
AP / /Alexander Zemlianichenko, Pool
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