Funds News
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China’s sovereign wealth fund may give “indirect” support to Europe through investments without being the nation’s main route for any aid, said Jesse Wang, the executive vice president of China Investment Corp.
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New Zealand’s next prime minister will be greeted by record-low borrowing costs as investors fleeing Europe’s debt turmoil find a haven in the developed world’s second-best performing bond market.
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Gold traders are more bullish after investors accumulated the biggest-ever hoard of the metal, with Europe’s deepening debt crisis driving them to protect their wealth with this year’s second-best performing commodity.
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Borrowing costs for India’s biggest state refiners have surged to the most in more than a year as the rupee’s plunge to a record low and a cut in local gasoline prices widen their losses.
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