Wednesday , 22 November 2017

Tag Archives: Assets

Saudi Arabia reform push targets wealth fund doubling assets

Saudi Arabia presented ambitious plans for economic and social renewal before a host of A-list global investors on Wednesday, saying its main sovereign wealth fund wants to increase its financial clout to 1.5 trillion riyals ($400 billion) by 2020. The Public Investment Fund (PIF) announced the assets-under-management goal at a conference showcasing a programme to turn the strictly conservative country …

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No asset can be viewed as truly safe: IMF

The global financial crisis and concern about debt levels in many advanced economies showed no asset could be viewed as truly safe, the International Monetary Fund (IMF) said on Wednesday. “Recent rating downgrades of sovereigns, previously considered virtually riskless, reaffirm that even highly rated assets are subject to risks,” the IMF noted in a report released ahead of its and …

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