The amount of assets held by exchange-traded funds has climbed above $1,000bn for the first time, highlighting the growing popularity of these types of investments.The figure at the end of 2009 was $1,032bn, up 45 per cent from a year earlier, according to a BlackRock report to be released on Wednesday.ETFs replicate an index and are listed and traded on exchanges.
DUBAI, United Arab Emirates - Dubai World, the indebted conglomerate at the heart of this sheikdom's credit problems, may sell off assets it acquired during a multiyear building and buying spree to raise cash, according to a senior government offici
Dubai World may be forced sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but said the government would not divest businesses to support the holding company. Abdulrahman al-Saleh, director
A quarter of a century ago, China set out to create a modern auto industry, almost from scratch. It seemed a daunting prospect. But now the global financial crisis has catapulted China into poll position as the world’s largest auto market, and the f
ZURICH - Swiss private bank Julius Baer said on Tuesday that its client assets grew 22 percent to 234 billion francs by the end of October compared to the end of 2008 amid a recovery in the financial markets. The continued recovery of most invest
Reliance Industries, controlled by Mukesh Ambani, India’s wealthiest man, is considering buying assets belonging to LyondellBasell, the bankrupt international petrochemical group, people familiar with the matter said.The Rotterdam-headquartered grou
ZURICH - Swiss banking giant UBS on Tuesday plunged into further losses during the third quarter as clients spooked by tax scrutiny withdrew billions of dollars of funds and assets from the bank. The bank said in a statement that its net loss for t
Fresh signs of recovery in the global economy paved the way for a strong rebound in risky assets on Monday as the markets limbered up for a series of central bank policy meetings.Manufacturing data in the US, eurozone, UK and China all exceeded expe
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