GIC transforms itself into active private equity player
(3 Sep) - Singapore's GIC is taking the unusual step of investing directly in unlisted firms, a move bankers say will be mimicked by other sovereign wealth funds as low yields spur fund managers to adopt a more hands-on attitude in their search for higher returns. In the first half of this year, GIC agreed to pay up to $310...
China refuses to give HK right to choose leaders
(August 31) - As Beijing tightens its grip on the region, pro-democracy activists promise to occupy the business district. China’s parliament decided Sunday against letting Hong Kong voters nominate candidates for the 2017 election, despite growing agitation for democratic reform. The move is likely to spark long-promised...
China ‘has breached terms of Hong Kong handover’
Pro-democracy activist detained by police during confrontation in Wan Chai, HK (Photo: Reuters) (2 Sep) - Britain is helpless to stop China from backtracking on promises of free elections in Hong Kong, the head of the foreign affairs committee has said, as activists in the city seemed to lose steam in their battle for democracy. Sir...
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