Saudi Arabia sells off Canadian assets as dispute escalates - FT
The Saudi central bank and state pension funds have instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings "no matter the cost", according to the report. (https://on.ft.com/2M6CSjD)
The sell-off began on Tuesday and underlines how the Saudi government is flexing its financial and political muscle to warn foreign powers against what it regards as interference in its sovereign affairs, the FT said.
The Saudi Central Bank did not immediately respond to a request for comment. A representative with Canada's ministry of global affairs did not immediately have a comment. (Reporting by Bhanu Pratap in Bengaluru; Editing by Shounak Dasgupta)(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)