Latest news with #sovereignWealthFund
CNA
3 days ago
- Business
- CNA
CNA938 Rewind - Wrap of Japan's business headlines: Japan-US tariff talks, Nippon Steel deal
CNA938 Rewind Play From the Japan-US tariff negotiations, to the latest on the Nippon Steel deal and the idea of a US-Japan sovereign wealth fund, Andrea Heng and Hairianto Diman get a round-up of the business headlines in Japan. For that, they speak with Vishnu Varathan, Managing Director & Chief Economist, Asia ex-Japan, Mizuho Bank.
South China Morning Post
3 days ago
- Business
- South China Morning Post
Danantara's potential Blackrock tie faces backlash over clash with Indonesia's Gaza stance
Indonesia 's sovereign wealth fund has come under fire for its potential tie-up with BlackRock, as critics warn the US investment giant's links to arms firms supplying Israel's military risk compromising Jakarta's pro-Palestinian foreign policy and undermining its constitutional stance against colonialism. Daya Anagata Nusantara, or Danantara, was launched in February to manage nearly US$900 billion in state assets, increase dividend yields and attract foreign capital. As part of that effort, Danantara chief executive Rosan Roeslani met senior BlackRock executives, including president and founding partner Raj Rao and senior managing directors Bayo Ogunlesi and Charles Hatami, in New York on May 13. The potential tie-up 'reflects the synergy between Indonesia's development priorities and BlackRock's global strengths in asset management, energy transition financing, and digital infrastructure', Rosan, who is also Indonesia's minister of investment and downstreaming, said in an Instagram post on May 14. 'As the world's largest investment firm with total Assets Under Management of more than US$11 trillion, [the partnership with] BlackRock demonstrates global investors' confidence in our strong economic prospects, while also opening up opportunities to attract more foreign investment to Indonesia.'
Bloomberg
22-05-2025
- Business
- Bloomberg
Qatar's Wealth Fund Stays Active in China Despite US Concerns
Qatar's $524 billion sovereign wealth fund is continuing to explore investment opportunities in China, even as geopolitical tensions push global investors to tread carefully. The Qatar Investment Authority is 'actively looking at investments in China' but is taking steps to 'avoid situations that potentially jeopardize relations with the US,' said Mohammed Al-Hardan, head of technology, media and telecommunications. 'We can't discount China. It is a very significant market,' he said at the Qatar Economic Forum in Doha on Thursday.
Arab News
21-05-2025
- Business
- Arab News
Kuwait sovereign wealth fund head says investors reduce US exposure at their ‘own risk'
DOHA: The head of the Kuwait Investment Authority, which manages almost $1 trillion in assets, said the sovereign wealth fund is committed to investing in the US and that investors cut allocations to US assets at their own risk. Some global investors have ditched US assets in recent weeks on fears that US President Donald Trump's overhaul of global trade may hurt the US economy, and could cause deeper long-term damage. The trend looks set to continue, given that a record number of managers have said they plan to keep cutting their exposure to US assets, according to BofA research. Kuwait has been investing in the US market for a 'long time' and that 'won't change,' KIA Managing Director Sheikh Saoud Salem Abdulaziz Al-Sabah said at an investment conference in the Qatari capital on Wednesday. 'I would say it very bluntly, underweight America at your own risk,' he said. Last week, Moody's downgraded the US sovereign credit rating by one notch, citing concerns about the nation's growing $36 trillion debt pile, which could make investors more cautious and drive up borrowing costs across the economy. 'They (investors) are merely looking at equity markets, but they're not taking into fact the US has the largest fixed income market, the US has the largest private equity market, the real estate market, infrastructure and credit,' Al-Sabah said. 'I think the US has the breadth and depth to sustain its exceptionalism and it has the rule of law as well,' he said.
Bloomberg
16-05-2025
- Business
- Bloomberg
Trump Puts Wealth Fund on Back Burner as Ambitions Hit Limits
President Donald Trump has put his plan to create a sovereign wealth fund on the back burner after three months of administration deliberations failed to offer the broad investment flexibility he seeks, people familiar with the matter said. When he ordered his administration in February to come up with detailed plans, Trump said he wanted 'one of the biggest' such funds in the world, suggesting it could be backed by monetizing vast government assets and used to back strategic projects in areas like critical minerals or take stakes in companies like TikTok. He also said it could earn enough to help reduce the national debt. At the time, Treasury Secretary Scott Bessent said the fund could be up and running in 12 months.
