LONDON (Reuters) – The COVID-19 pandemic has forced sovereign wealth funds to make it rather unthinkable. FILEFOTO: Empty offices are seen as the spread of coronavirus (COVID-19) disease continues, in London, UK March 19, 2020. REUTERS / Simon Dawson With leading office blocks lying empty around the world, hotels half …
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Reuters / Rick Wilking Saudi Arabia’s Saudi wealth fund held its position in Warren Buffett’s Berkshire Hathaway in the second quarter of this year, an SEC filing revealed last Friday. The Royal Public Investment Fund has released 210,222 shares in Berkshire, giving it about $ 40 million of its previous …
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DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
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KUALA LUMPUR / NEW YORK (Reuters) – Goldman Sachs will pay $ 3.9 billion to resolve Malaysia’s criminal investigation into the role of the US investment bank in the 1MDB multi-million dollar scandal, closing a key front in the multi-jurisdictional investigation that has been over Goldman. Shares of Goldman Sachs …
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MOSCOW (Reuters) – Russia plans to produce 30 million doses of an experimental COVID-19 vaccine domestically this year, with the potential to manufacture another 170 million abroad, the head of the country’s sovereign wealth fund told Reuters. FILE PHOTO: Kirill Dmitriev, director of the Russian Direct Investment Fund (RDIF), attends …
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