Australia left the door open on Wednesday to a US$5.9 billion merger between national airline Qantas Airways and British Airways, which sent the Australian carrier's shares up nearly 10 per cent.
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HONG KONG - The head of China's sovereign wealth fund said on Wednesday he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, a report said.
(SINGAPORE) In a stunning about-turn, Temasek Holdings has sold electricity generating firm PowerSeraya to Malaysia's YTL Power International for $3.8 billion just a week after it postponed the sale indefinitely due to poor market conditions.
A SERIES of structured investment-linked funds by Great Eastern Life have been hit with steep marked-to-market losses, alongside other structured products in the market. The funds under the GreatLink Choice series are structured with collateralised debt obligations (CDOs) as the underlying risk assets.
