China ‘keen’ to invest in West’s infrastructure
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BEIJING—China’s sovereign wealth fund wants to invest in improving neglected U.S. and European roads and other infrastructure to spur global growth, the fund’s chairman said in comments published Monday.

The announcement reflects a shift in strategy for the $ 410 billion fund, which was created in 2007. Until now, it has limited its investments mostly to small stakes in publicly traded companies to avoid stirring political opposition overseas.

China Investment Corp. wants to begin in Britain by teaming up with fund managers or investing directly in infrastructure projects, Lou Jiwei said in a commentary in London’s Financial Times newspaper.

“China is keen to get involved” in improving U.S. and European infrastructure, which “badly needs more investment,” Lou wrote. He cited energy,…………… continues on

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Canadian Investment-Banking Revenue to Fall on European Crisis
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Canadian lenders including Royal Bank of Canada (RY) and Bank of Montreal (BMO) may report lower revenue from investment banking in the fourth quarter as capital markets activity slows amid the European debt crisis.

“If we start talking big European bank failures, there’s no way to completely isolate yourself from that as a financial institution in Canada,” said Robert Sedran, an analyst at CIBC World Markets in Toronto. “The biggest impact is going to be around sluggish economic growth and a lousy trad…………… continues on Bloomberg

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