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The Canadian pension funds have benchmarked their investments to that level, according to the presentation. Australian pension funds have invested about 50% of their total assets in domestic equities, according to the presentation. China Investment Corp is Teck's single-biggest institutional investor with a 10.3% stake, and Norway's wealth fund, Norges Bank, owns 1.52%, while Canadian pensions together hold 0.78% stake, according to Refinitiv data. All other pension funds did not respond to Reuters request for comments. Canadian pension funds represent 30% of the total financial savings of Canadians.

☆ Elon Musk to meet Macron, other leaders at France conference
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 15 (Reuters) - Billionaire entrepreneur Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. Musk, the CEO of Tesla (TSLA.O) who bought social network Twitter in a $44 billion deal last year, will meet Macron at the palace before attending lunch with Finance Minister Bruno Le Maire, the finance ministry told Reuters. Musk will also visit the sixth edition of the annual "Choose France" summit in Versailles, aimed at boosting international investment in France. Le Maire told BFM TV that the talks between the government and Musk would cover several topics, including electric cars. Asked by BFM TV if any announcement was likely, Le Maire said "all investments that are being made today are the result of months or even years of negotiations."

☆ Former Goldman Sachs partner launches fund of up to $550 mln in Portugal
▼ + stars: | 2023-05-09 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, May 9 (Reuters) - Fortitude Capital, founded by former Goldman Sachs (GS.N) partner Antonio Esteves, Brazilian bank BTG Pactual (BPAC3.SA) and Portuguese asset manager Atrium, has launched its first fund with a target size of up to 500 million euros ($550 million). He said that, contrary to the majority of funds in Portugal, the first Fortitude fund would be mostly funded by private investors and its founders will be the fund's biggest investors. He added that Portugal, only sporadically on the radar of global private equity funds and international investment banks, was always short of private capital and very dependent on national banks. In Portugal, private equity funds are normally funded by public money and tend to be up to 100 or 200 million euros. The first investment should be 50 million euros in the agricultural sector "in the next two months", with an investment of 350 million euros also in the pipeline by the end of the year.

☆ What Chile's state-led lithium policy means for the future of the electric vehicle industry
▼ + stars: | 2023-05-06 | by ( Katie Brigham | ) www.cnbc.com time to read: +9 min

The only two lithium companies currently operating in Chile are North Carolina-based Albemarle , the largest lithium producer in the world, and SQM , the No. Chile's lithium is of particular strategic importance to the U.S., which has a free trade agreement with the country but not with neighboring Argentina. The plan calls for the creation of a national lithium company to partner with all private businesses looking to enter the sector. Bags of battery-grade lithium carbonate at La Negra, Albemarle's lithium processing plant near Antofagasta, Chile. Lenny-Pessagno told CNBC in January that Albemarle supports the creation of a state-owned lithium company.

☆ International Investment Bank to relocate headquarters from Budapest back to Russia
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - Russia's International Investment Bank (IIB) will relocate its headquarters from Budapest back to Russia, according to a statement published on the bank's website on Wednesday. The decision was announced a week after the United States imposed sanctions on three top officials of IIB in Budapest: two Russians and a Hungarian. "IIB has exhausted the basis for further operations from its headquarters in Budapest and in the European Union," the IIB statement said. "The Bank has commenced a relocation of its operations and functions of its headquarters from Hungary to Russia." The Hungarian government took no measures against the bank, which moved its operations to Budapest in 2019.

☆ South Africa targets $111 billion investment goal in tough investor climate
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] South Africa's President Cyril Ramaphosa looks on as he delivers the opening address at the 5th Investment Conference to showcase opportunities available in the country to local and international companies, in Sandton, South Africa, April 13, 2023. Jairus Mmutle/Government Communication Information System (GCIS)/Handout via REUTERSJOHANNESBURG, April 13 (Reuters) - South Africa needs to urgently fix energy, transport and security challenges if it is to reverse souring investor sentiment, executives said on Thursday as President Cyril Ramaphosa targets 2 trillion rand ($111 billion) in new investments over the next five years. "The way we see it for the future of South Africa, international investment is so important and these challenges make it difficult for us to position the potential of South Africa as an attractive investment destination while there is uncertainty on when reforms will be implemented," Brown said. South Africa has experienced its worst power cuts on record, leaving businesses and households in the dark for up to 10 hours daily. The South African Reserve Bank estimates these blackouts have shaved off at least 2 percentage points from growth.

The sanctions, imposed by the Treasury and State departments in concert with Britain, hit entities and individuals across over 20 countries and jurisdictions, including facilitators of sanctions evasion, the State Department said in a statement. Separately, the Treasury said it imposed sanctions on Russian financial facilitators and sanctions evaders around the world, including Turkey, United Arab Emirates and China-based people and companies. The Treasury also targeted King-Pai Technology HK Co, Ltd, which it said is a China-based supplier for multiple entities in Russia's military-industrial complex. Washington has not yet imposed sanctions on Rosatom itself. "It will always be a race between sanctions enforcement and sanctions evaders.

☆ Temasek buys 41% stake in India's Manipal Health for $2 bln- source
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, April 10 (Reuters) - Singapore-based sovereign wealth fund Temasek said on Monday that it is acquiring an additional 41% stake in India's Manipal Health Enterprises from investors including TPG, boosting its stake in one of the country's largest hospital chains to 59%. While Manipal did not specify the deal value, Temasek has paid about $2 billion for the additional stake, said a person with direct knowledge of the matter. Private equity firm TPG, an investor in Manipal since 2015, will fully exit its stake, though it will reinvest via a new fund. India's sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), will also sell its full stake to Temasek, while Manipal founder Ranjan Pai's family holding will reduce from about 50% to 30%. "By re-investing through our new Asia fund – TPG Asia VIII, we look forward to continuing to support Manipal's mission of bridging the quality healthcare infrastructure gap in the country," said Puneet Bhatia, co-managing partner of TPG Capital Asia.

☆ UK PM Sunak to meet President Biden in Northern Ireland
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Phil Nobel/PoolLONDON, April 9 (Reuters) - British Prime Minister Rishi Sunak will meet Joe Biden in Northern Ireland next week when the U.S. president flies in to take part in events to mark the 25th anniversary of the Good Friday peace accord. Sunak will greet Biden on Tuesday evening when Air Force One lands for what will be a closely watched visit to both sides of the Irish border at a time of heightened political uncertainty in Northern Ireland. The Good Friday Agreement - signed on April 10, 1998 - largely ended three decades of sectarian bloodshed that had convulsed Northern Ireland since the late 1960s. However the anniversary has been overshadowed by a year-long boycott by Northern Ireland's largest pro-British unionist party of the power-sharing devolved government central to the peace deal. Although that deal has so far failed to restore the devolved government in Northern Ireland, Sunak will seek to bolster his support for the province by announcing a summit later in the year to stimulate international investment.

☆ Wall St Week Ahead US inflation data to test market’s bets on future Fed easing
▼ + stars: | 2023-04-07 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Following last month’s banking crisis, investors have become more convinced the Federal Reserve will cut rates in the second half to ward off an economic downturn. That view could gain support if next week’s inflation reading shows a strong rise in consumer prices even after aggressive Fed rate hikes over the past year. The firm is recommending clients slightly underweight equities, expecting interest rate hikes to hit consumer spending and corporate profits. Bets on a more dovish Fed have boosted tech and growth stocks, whose future profits are discounted less when interest rates fall. “If the Fed was trying to protect investors, one way would be to cut rates," Hackett said.

☆ Shares of family-owned UAE exchange Al Ansari Financial Services surge in Dubai trading debut
▼ + stars: | 2023-04-06 | by ( Emma Graham | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — Al Ansari Financial Services made its trading debut on the Dubai Financial Market Thursday. Shares surged over 17% for the family-owned remittances and money exchange firm, which marks the first IPO for Dubai this year. The Al Ansari family sold 750 million shares in the offering, which is equal to a 10% stake in the company. Al Ansari Financial Services' Group CEO Rashed Ali Al Ansari told CNBC's Dan Murphy the sheer size of the organization pushed the company to decide to list publicly. In 2021, Dubai announced a listing of 10 state entities which aims to double the size of the Emirate's capital market to $817 billion.

☆ Premarket stocks: The US economy is unwell. April could be a cruel month
▼ + stars: | 2023-04-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —After months of a remarkably strong US labor market and economy, everything seems to be slowing down. The question is whether Friday’s monthly jobs report, easily the most anticipated piece of data out this week, will confirm the trend. The unflinching resilience of the US labor market is one of the greatest sources of tension in today’s economy. Over the past year, the Fed has raised interest rates from nearly zero to a range of 4.75% to 5% to cool the economy. A slowdown in the official US jobs report Friday could signal an economic sea change.

☆ Stock futures are up slightly as investors weigh bank troubles, Fed decision: Live updates
▼ + stars: | 2023-03-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures were slightly higher Thursday night as investors' attention shifted from this week's Federal Reserve meeting back to the U.S. banking system. S&P 500 futures gained 0.2%, while Nasdaq-100 futures were up 0.1%. The Nasdaq Composite posted the largest gain, at 1%, as technology shares continued to rally on a hunch that interest rate hikes would be coming to an end. Investors continued responding Thursday to the quarter percentage point interest rate hike announced by the Fed on Wednesday. The central bank also signaled that the interest rate hikes, meant to cool inflation, could be coming the end.

☆ Female entrepreneurs’ glass ceiling is intact
▼ + stars: | 2023-03-08 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

MILAN, March 8 (Reuters Breakingviews) - The glass ceiling that holds back female entrepreneurs remains intact. Yet despite representing 40% of new business founders in the United States, female entrepreneurs capture only a fraction of available venture capital cash. A tendency by venture capital funds to shun female entrepreneurs risks hobbling their contribution to the global economy. Helping female entrepreneurs to rise to the top will be beneficial to women and to the world. In 2021, female entrepreneurs made up 40% of total in the United States, data from the Kauffman Foundation shows.

☆ This Affordable Senior Housing Project Is Aimed at the Middle Class
▼ + stars: | 2023-03-07 | by ( Peter Grant | ) www.wsj.com time to read: 1 min

Construction workers in the Boston area broke ground Monday on one of the rare senior housing projects that is intended to be affordable for middle-class residents. The developer 2Life Communities plans to charge monthly rents as low as $1,800 at the $100 million development in Newton, Mass. Comparable independent living communities in the Boston region charge $4,200 a month, according to the National Investment Center for Seniors Housing & Care, or NIC, an industry organization.

☆ Australian PM seeks to diversify trade, investment on India visit
▼ + stars: | 2023-03-06 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, March 7 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday his government wants to diversify trade and foreign investment partners, as he prepares to lead a business delegation to India which he said shares Australia's democratic values. China is easily Australia's largest trading partner, although a diplomatic dispute has resulted in what Australia calls "trade blockages" being imposed by China on a raft of Australia's exports. Business leaders across transport, resources, finance, higher education, architecture and energy will on Wednesday accompany Albanese to India, which is Australia's sixth largest trading partner. "We can do all these things as well as remaining a trusted and reliable supplier of energy to key trading partners such as Japan and the Republic of Korea," he added. Albanese said Australia would be "deepening and diversifying our international investment and trade links".

☆ Hong Kong spreads its wings, and its bets
▼ + stars: | 2023-02-23 | by ( Una Galani | ) www.reuters.com time to read: +7 min

HONG KONG, Feb 23 (Reuters Breakingviews) - For a sign that Hong Kong’s recovery is more than wishful thinking, look no further than the city’s Disneyland. The house of Mickey Mouse is implicitly betting Hong Kong will soon be back, and bigger than before. At its core, Hong Kong’s unique selling point is that it’s China-by-proxy for investors; enterprises in the People’s Republic account for 78% of the market capitalisation of Hong Kong’s main boards. Against such a backdrop, it’s logical that Hong Kong is trying to spread its bets. Hong Kong exchange boss Nicolas Aguzin’s pitch is strengthened by a Chinese plan to let overseas companies listed in Hong Kong be included in the Connect programme.

☆ China formalizes rules for overseas IPOs
▼ + stars: | 2023-02-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

BEIJING – China-based companies now have more clarity on whether they can list overseas in the U.S. The China Securities Regulatory Commission announced late Friday new rules that require domestic companies to comply with national security measures and the personal data protection law before going public overseas. The securities regulator's rules do not ban the variable interest entity structure commonly used by Chinese companies when listing in the U.S. The CSRC said its rules for overseas listings are set to take effect March 31. The new rules also call for IPO underwriters, typically international investment banks, to annually report to the CSRC their involvement with Chinese listings overseas.

☆ Watch CNBC's full interview with Richard Bernstein
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Richard BernsteinRichard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, joins 'Power Lunch' to discuss global liquidity contractions, international investment opportunities and the sector effect of non-US investing.

☆ We have global liquidity contracting and that's not good for speculation, warns Richard Bernstein
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have global liquidity contracting and that's not good for speculation, warns Richard BernsteinRichard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, joins 'Power Lunch' to discuss global liquidity contractions, international investment opportunities and the sector effect of non-U.S. investing.

☆ Exclusive: Chile mine delays to slow copper growth; peak seen lower, later -regulator
▼ + stars: | 2023-01-25 | by ( Fabian Cambero | ) www.reuters.com time to read: +3 min

SANTIAGO, Jan 25 (Reuters) - Copper production in Chile, the world's largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago. That is well below the 7.62 million-tonne 2028 peak the regulator had estimated in its decade outlook a year ago. Despite the expected slower growth in Chile, the report forecasts production to grow 17% to 6.58 million tonnes by 2033. Expected output will be 5.345 million tonnes in 2022, 5.467 million tonnes this year and 5.891 million tonnes in 2024. On Wednesday the chief executive of miner Freeport-McMoRan Inc (FCX.N) said Chile expansion projects were on hold until the country's political situation was clearer.

☆ Davos: India flexes its muscle as China's star fades
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.

"2022 saw a material deterioration in global investment banking fee pools and, as a result, we have had to reduce headcount in certain areas," the statement said. The layoffs involve staff across multiple divisions within Nomura's investment banking function, after a year of muted dealmaking activity in the region, one of the two sources said. In each of the bank's business divisions for equities capital markets, debt capital markets, corporate finance and Southeast Asia coverage, two to three workers were made redundant, according to the two sources. Goldman Sachs (GS.N) last week sacked more than 3,000 people in its global workforce, with the investment banking and global markets division the hardest hit. Pretax income for its wholesale division, which houses its trading and investment banking businesses, slid 19% year-on-year in the three months ending in September.

☆ DeSantis considers banning 'hostile nation' China from buying Florida real estate, polishing tough-on-China foreign policy stance amid 2024 speculation
▼ + stars: | 2023-01-10 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

DeSantis is considering asking the Florida legislature to ban China from real estate investments. Ron DeSantis is poised to ask state lawmakers to ban China from buying farmland and residences in Florida, the governor confirmed Tuesday. While foreign policy generally tends to be a small part of a governor's role, such actions on China could add to DeSantis' foreign policy portfolio. Before becoming governor, DeSantis representing Florida in the US House, where he served on the Foreign Affairs Committee and chaired the Subcommittee on National Security. Santa Claus may need to not do Chinese toys."

☆ Why India banned TikTok — and what the US can learn from it, as pressure mounts for Biden to follow suit
▼ + stars: | 2023-01-07 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

To see what could happen if the US were to ban TikTok, analysts say to look at India. Why did India ban TikTok? What happened when India banned TikTokIn the summer of 2020, India banned 59 Chinese apps including TikTok, WeChat, Weibo, and QQ, an instant-messaging service owned by the internet giant Tencent. While the situation wouldn't be exactly the same, the US might face these questions if it decides to ban TikTok. "So if that continues to deteriorate, I can't imagine that that that doesn't increase the odds of some sort of TikTok ban."

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