Entries tagged "Singapore"
Singapore's sovereign wealth fund notched a $1.6 billion profit on a partial sale of its Citigroup stake.
The Federal Reserve is extending a helping hand to the central banks in four emerging-market countries as it takes its efforts to unfreeze money markets on the road. The Fed is opening four $30 billion liquidity swap facilities with the central banks of Brazil, Mexico, South Korea and Singapore until April 30, giving each country access to dollars at close to the same rates that G-7 countries enjoyed until the credit crunch turned into a credit crisis. European Union countries received unlimited access to dollars on Oct. 13. ...
As rumors persist about a possible bid by South Korea's SK Telecom Co. Ltd. for Sprint Nextel Corp., thoughts turn to how the U.S. government might react. ...
The U.S. Treasury announced Thursday it has reached agreements with the governments of Singapore and Abu Dhabi and those countries' sovereign wealth funds on investment principles aimed at improving transparency and providing assurance that the funds' will not use their investments to further their governments' political goals....
