The Americans have struck a deal with Abu Dhabi and Singapore on how multibillion-dollar wealth funds should operate, paving the way for new investments in Wall Street and a world-wide code. [more]
The European Union this week is likely to approve a new code of conduct it wants rich countries like Saudi Arabia, the UAE, China, Singapore and South Korea to impose on their state-owned trillion-dollar wealth funds. Like Americans, the Europeans want the foreign funds, but not foreign political influence. [more]
The share prices of Chinese firms listed in the Singapore exchange rose 7.6 percent after the Beijing Daily reported Jan. 24 that the China Banking Regulatory Commission has given Chinese banks the green light to buy equity shares in the Singapore stock exchanges. [more]
China Eastern Airlines shareholders voted down a bid by Singapore Airlines and Singaporean sovereign investment fund Temasek Holdings for a stake in the partially state-owned airline on Jan. 8. [more]
China's largest and third-largest carriers are headed for a showdown Jan. 8, when China Eastern Airlines' shareholders are set to vote on a Singaporean bid for 24 percent of the firm. [more]
The Indo-American relationship is emerging as one of the foundations of the global system. For the United States, India -- particularly since 9/11 -- has come to represent a strategic partner in the U.S.-jihadist war: By its very existence as a U.S. ally, it serves to keep the pressure for cooperation very high on rival Pakistan. For India, the United States has come to represent an alternative to its former relationship with the Soviet Union, which helped to guarantee India's regional interests. [more]
