ABU DHABI, March 2- The Kuwait Investment Office, the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on U.S. assets after keeping that position for seven years, its chief executive said on Monday. Osama al-Ayoub, speaking at a business conference in Abu Dhabi, also said the KIO was going...» Read More
The financial crisis has dealt a major blow to China's export-led growth model by ushering in a prolonged period of weak global growth. Even if China is successful at igniting domestic consumption, GDP growth could well halve to 5 percent a year on average in this decade.
Colombia, the fourth largest economy in South America, could see its NYSE listings double in the next year. The NYSE currently has two Colombian listings, totaling a market cap of $97.4 billion — only 7 percent of the NYSE’s Latin American total — and well behind Brazil’s 65 percent and Mexico’s 18 percent stakes.