Big ambition for Equatorial Guinea

November 18, 2009

This week has seen a rush of key policymakers and business executives from Africa flocking to London. Apart from Sierra Leone, oil and gas executives have been discussing the outlook for Equatorial Guinea, a small central African state rich in oil.

from Global Investing:

Pity Poor Pound

October 14, 2009

Britain's pound has long been the whipping boy of notoriously fickle currency markets, but there are worrying signs that it's not just hedge funds and speculators who have lost faith in sterling. Reuters FX columnist Neal Kimberley neatly illustrated yesterday just how poor sentiment toward sterling in the dealing rooms has become and the graphic below (on the sharp buildup of speculative 'short' positsions seen in U.S. Commodity Futures Trading Commission data) shows how deeply that negative view has become entrenched.              

SWFs by the Caspian

October 8, 2009

The world’s leading sovereign wealth funds are gathering in Baku, capital of Azerbaijan, for a two-day inaugural meeting which ends on Friday.

from Global Investing:

Sustainable investing and SWFs

September 22, 2009

Government-owned institutions are becoming big drivers of sustainable investing -- or buying firms which are socially and environmentally responsible, or sectors which tackle climate change or resource scarcity.

United Korea: bigger than Japan?

September 21, 2009

North Korea, one of former President George Bush’s “axis of evil” countries and one of the few remaining Stalinist states, deserves to be re-evaluated given the prospect of a power succession and the changing economic landscape in the region, according to Goldman Sachs.

Sovereign wealth and transparency

September 16, 2009

It was less than two years ago that French President Nicholas Sarkozy hit out at sovereign wealth funds, saying “We’ve decided not to let ourselves be sold down the river by speculative funds, by unscrupulous attitudes which do not meet the transparency criteria one is entitled to expect in a civilised world. It’s unacceptable and we have decided not to accept it.”

Running out of resources

July 28, 2009

Oil prices are more than double the December-February troughs and commodity prices generally are going up as the market cheers signs of an economic recovery.

Gold to go

May 20, 2009

Automatic teller machines (ATMs) — 500 of them — dispensing pieces of gold will be available around Germany, Switzerland and Austria by the end of this year.

from Global Investing:

How to Spend It – for sovereign wealth funds

April 17, 2009

As dust settles and investor morale improves, sovereign wealth funds are slowly coming back to the market.

from Global Investing:

Who gets the last laugh?

January 23, 2009

Public critisicm may be heating up against banking executives being rewarded with huge bonuses despite taking too much risk (especially ex Merill Lynch head John Thain who requested a bonus and spent $1,405 on a garbage pail during a $1.22 million renovation of his office).