investment

Sovereign Funds - A Powerful Secret

Topics: Corporations

As a result of a huge surplus of petrodollars in the United Arab Emirates (UAE), "a secretive, government-controlled investment fund is helping to shift the balance of power in the financial world," explains the World Business section of today’s New York Times. The Abu Dhabi Investment Authority is investing in markets in every region of the world and quietly playing a role in the success, or failure, of companies on a global scale.

Sovereign funds are state-owned funds that manage state savings for the purpose of investment. Basically, they are pools of money governments use to invest for profit, and, generally, these investments are made in foreign companies. For a more in-depth explanation, see the Council on Foreign Relations' Sovereign Wealth Funds fact-sheet.

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Breaking News

Zimbabwe: Irony of Rich Farmers Without Cash

All Africa - Fri, 05/16/2008 - 13:16
ZIMBABWE'S tobacco farmers are having cash problems. They have so much money in their pockets, but cannot buy what they need because it is in the form of cheques.

Ghana: Fisheries Act Forbids Foreign Vessels From Fishing

All Africa - Fri, 05/16/2008 - 12:22
The Ministry of Fisheries has denied allegations by a group, called the Joint Action Against Pair Trawling (JAAPT) that foreign vessels have invaded Ghana's fishing industry and all vessels plying the coastal areas of the country are engaged in pair trawling activities. It says the allegations are simply untrue.

Surplus Rice in Japan 'Could End Rice Crisis'

OneWorld Daily Headlines - Fri, 05/16/2008 - 19:44
Selling excess rice held in Japan and imported from the United States would incite a rapid drop in the global price of rice but requires immediate action from Tokyo and Washington, write former editor of The Rice Trader, Tom Slayton, and policy analyst, Peter Timmer.

Half in Ten

OneWorld Daily Headlines - Fri, 05/16/2008 - 19:44
Four prominent American social justice groups are launching a campaign to halve poverty in the United States in 10 years.

Myanmar Farmers May Miss Harvest

New York Times - Thu, 05/15/2008 - 21:34
The timing of Cyclone Nargis, which disrupted farmers as they were preparing to plant, could not have been worse.

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