Canadian PM Carney is reportedly to announce a sovereign wealth fund, Globe and Mail reports; set to be announced on Monday, with the fund to invest alongside the private sector in major projects that the PM had promised to build
The announcement of a sovereign wealth fund by PM Carney indicates a strategic effort to enhance investment in major projects, likely aiming to bolster economic growth and infrastructure.
Ligand Pharmaceuticals (LGND) to acquire Xoma Royalty (XOMA) for c. USD 740mln, WSJ reports citing sources
Medtronic (MDT) discloses it had unauthorised access to its systems, according to a filing
Canadian PM Carney is reportedly to announce a sovereign wealth fund, Globe and Mail reports; set to be announced on Monday, with the fund to invest alongside the private sector in major projects that the PM had promised to build
Moody's changes China's outlook to stable from negative, affirms A1 ratings
Meta (META) reaches deal with Overview Energy for up to 1GW of power, Bloomberg reports
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This initiative could signal a more proactive fiscal policy alongside private sector investments, impacting both market sentiment and potentially leading to implications for interest rates or bond yields. Market participants will want to assess how this aligns with existing central bank policy and its effects on risk appetite across asset classes.
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