Dexia provides $5bn credit line for US monoline (Fund News)
Dexia, the Belgian-French financial services group, acted to bolster confidence in its US bond insurance division by providing a $5bn credit line to the subsidiary.
John Paulson, the US hedge fund manager said at a conference in Monaco that it was too early to look for bargains in the financial sector and predicted the worst was yet to come for the UK housing market.
China Investment Corp. (CIC), the $ 200 bn sovereign wealth fund, intends to be a socially responsible global investor by shunning industries such as gambling, tobacco and arms manufacturing, the fundâ??s president said on Friday.
Chinaâ??s State Administration of Foreign Exchange (Safe) has reportedly agreed to invest more than $2.5bn in the latest TPG fund, in what could be the largest commitment ever made to a private equity firm.