Markets News Monday: CIT collapse averted; Sovereign Wealth Funds - Abu Dhabi has $700 billion in assets; Norway has $350 billion
Jul 20th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities: Reports from the US say that the impending collapse of US business lender CIT, was averted on Sunday. In other news, Deutsche Bank Research reports that Sovereign Wealth Funds assets under management are estimated to amount to more than $3 trillion. Abu Dhabi has $700 billion in assets; Norway has $350 billion.