Lt. Gov. David Dewhurst, criticized for failing to disclose details about his vast wealth, is voluntarily cooperating with Travis County prosecutors who want to know whether his public disclosures adhere to Texas ethics law, Dewhurst's lawyer said.
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SINGAPORE: Cash-rich sovereign wealth funds from Asia and the Middle East may be turning cautious after getting burnt by investments in Western firms hit by the current financial turmoil, analysts said.
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French President Nicholas Sarkozy has proposed that European nations create sovereign wealth funds to protect national companies from foreign "predators." This article says that idea is protectionist and without merit. Emerging economies establish sovereign wealth funds to invest foreign reserves or commodity revenue " not to bail out domestic firms and stifle global competition.
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SAN FRANCISCO (MarketWatch) -- A consortium led by sovereign wealth fund China Investment Corp. (CIC) is negotiating with struggling U.S. giant American International Group to acquire a stake of up to 49% in unit American Life Insurance Co. (Alico), according to a published report.
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The risks of nuclear weapons being used and wars being fought over dwindling resources will grow during the next 20 years as diminishing U.S. power, a shift of wealth from West to East, the rise of India and China, and climate change reshape the world, a new U.S. intelligence study warned Thursday.
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The risks of nuclear weapons being used and wars being fought over dwindling resources will grow during the next 20 years as diminishing U.S. power, a shift of wealth from West to East, climate change and the rise of India and China reshape the world, a new U.S. intelligence study warned Thursday.
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Chennai, Nov 20 : The Madras High Court today issued notice to Tamil Nadu Health Minister M R K Pannerselvam and his wife on a petition challenging the discharge order passed by a trial court in the wealth case.
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Nov. 20 (Bloomberg) -- General Electric Co. , down 61 percent this year in New York, is seeking funds from China Investment Corp., Government of Singapore Investment Corp. and at least two other sovereign-wealth funds.
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Singapore's Temasek Holdings, one of the world's largest sovereign wealth funds, says it will cut staff salaries in the face of a global economic slowdown.
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