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Singapore loses out as UBS stumbles

Source: Sydney Morning Herald

Singapore : Singapore | 2 months ago

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THE Government of Singapore Investment Corp's assets fell more than 20 per cent in the year to March 31 as a collapse in financial markets slashed the value of its stake in the investment bank UBS. GIC, which invests more than $US100 billion ($114 billion) of the city's foreign reserves abroad, said it...

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Singapore loses out as UBS stumbles

News Source: Sydney Morning Herald | 2 months ago

THE Government of Singapore Investment Corp's assets fell more than 20 per cent in the year to March 31 as a collapse in financial markets slashed the value of its stake in the investment bank UBS. GIC, which invests more than $US100 billion ($114...
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