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The Daily Brief

February 03, 2012

Today's news of note...

Here now, the news:

  • Reserve managers are reportedly getting out of Euros and into Krona, Krone, and Dollars (Aus and NZ).
  • South Africa’s ANC is apparently considering a 50% resource-rent tax. (Watch out for new SWF here.)
  • Russia's got about $150 billion in its two SWFs. It's reserves have come back a lot since the crisis.
  • Namibia, Zambia, ...  – these are the frontier markets more that more and more investors are talking about.
  • QIA is apparently part of a consortium bidding to buy Turkish airport operator TAV Havalimanlari.
  • Samruk-Kazyna has announced it will support BTA's debt restructuring. The SWF will also put $4 billion into Kazmunaigas. In addition, the Kazakh President signed a new National Welfare Fund law. Lots going on in Kazakhstan.
  • This just in: Small town Danish dude crushes London and New York's finest.  There's a Michael Lewis book in this story somewhere...
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