Singapore state investment giant Temasek Holdings’ global portfolio has netted a record high valuation, the fund said Tuesday, in a sharp turnaround from the previous year as global markets regain momentum. Temasek — a strategic investor that stresses long-term performance rather than year-on-year gains — holds among its portfolio telecoms group SingTel, Singapore Airlines and … Read more
Shares in a film unit of Chinese conglomerate Dalian Wanda Group were suspended from trading in Shenzhen after a dramatic fall on Thursday following rumours that banks would dump the firm’s bonds. The group headed by one of China’s richest men, Wang Jianlin, issued a statement rejecting online “speculations” as “just rumours”. “Today, someone on … Read more
Chinese banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling and illegal gambling, state media reported Tuesday. Myanmar’s government has been negotiating with Chinese officials since the accounts were suspended last week by three banks based in China’s Yunnan province, according to … Read more
The Ivory Coast government has just thumbed its nose at the efforts by the U. S. to expand its role in assisting in the development of the Ivory Coast infrastructure. Over the last several years the U.S. has made sustained efforts to assist the Ivory Coast in health programs for the Ivory Coast people under … Read more
The University of Sydney opened its first major offshore education and research facility — the University of Sydney Center in China. The new facility opened Friday at Suzhou Industrial Park in east China’s Jiangsu Province. The center will increase intellectual and creative exchanges between Chinese and Australian researchers, academics and students, according to University of … Read more