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Temasek profits hit record as foreign spending booms
Vivek Ahuja
26 Aug 2008
26 Aug 2008
 |
Thursday
20 November 2008
23:07 GMT
Singapore sovereign wealth fund Temasek spent more money on foreign investments than Asian purchases for the first time in its history last year, as capital injections for Barclays and Merrill Lynch helped boost net foreign investment to S$10bn (€4.8bn) from just a tenth of that the previous year.
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