Temasek loses $40 billion in asset value, may allow first public investors
By Shamim Adam and Jonathan Burgos from Bloomberg July 29 (Bloomberg) -- Temasek Holdings Pte, reeling from the aborted appointment of Charles “Chip” Goodyear, said the value of its assets slumped by more than S$40 billion ($27.7 billion) and that Singapore’s sovereign fund may allow public investment for the first time. The...
Shouldn’t Singapore follow NJ to sue Merrill Lynch & BofA?
To: President Nathan/Attorney-General Office Further to my June 1st email attached, I read that the state of New Jersey has sued Merrill Lynch for selling its pension fund "based on misleading information". As questioned in my June 1st email to you, was Temasek similarly misled into buying Merrill Lynch shares (since disposed...
U.S., China vow closer ties to lead global recovery
WASHINGTON (Reuters) - The United States and China agreed on a broad framework of cooperation on Tuesday as they strive to lead the global economy out of recession and forge a closer alliance on tough environmental and political issues. At the conclusion of the first round of what will be an annual "Strategic and Economic Dialogue,"...
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