With crypto mania sweeping the world, a handful of countries have stirred at the possibility of issuing their own virtual currencies based on blockchain, the technology behind Bitcoin. Advocates of government-backed cryptocurrencies say that if the movement takes hold, which is by no means assured, it could irrevocably change the international monetary system as we know it.
<p>New York City is asking: If biotech can make it anywhere, can't it make it here? The city government is asking for proposals on how to use $100 million in funds and city land to create a "life sciences hub" with the goal of making the city competitive with Boston and San Francisco as a place to start biotechnology companies.</p>
China is reportedly seeking an "orderly exit" from bitcoin mining, according to a leaked document seen by Quartz. The government is reportedly concerned about pollution and the havoc that could be triggered by investors who lose money investing in mining and cryptocurrency.
Japan’s Pension Fund Association for Local Government Officials, also known as Chikyoren, has named Mizuho Global Alternative Investments as its new manager for overseas infrastructure mandate, according to an Asia Asset Management report. This is part of the organisation’s efforts to further diversify its foreign portfolio and boost alternative investments. Mizuho Global Alternative Investments is an alternative investment vehicle of Mizuho Financial Group.
Goods and Service Tax (GST), one the biggest indirect tax reform for which India has waited for more than a decade and most of the Indian corporate as well as global conglomerate, Institutional Inves...
Norway's Ministry of Finance has convened a panel of experts to see if Norwayâs Government Pension Fund Global (GPFG) should invest in unlisted companies.
<p>Tighter capital controls and a slowing domestic Chinese economy are making it harder for Chinese to buy property overseas. A recent report by Chinese property search portal Juwai estimated that outbound real estate investment by Chinese companies and individuals would drop by as much as 20% this year to $80 billion, down from $101.4 billion last year.</p>
For the first five months of the year, 1.58 trillion yuan (US$232.4 billion) flowed into pension funds in China, a nearly 24% surge from the same period last year, according to China's Ministry of Hu...
CalPERS lost a big case at the U.S. Supreme Court this week. The decision will cost California government retirees around $300 million. The court voted 5-4 to dismiss a lawsuit...
<p>The UK government’s power to keep local authority pension investments in line with national foreign and defence policy has been quashed.</p> <p>A High Court judge ruled last week that the guidance, announced only last year, had been used unlawfully.</p>