Temasek, Singapore’s $130 billion sovereign wealth fund, said that its full-year profit doubled, to a record $12.8 billion. The fund’s sales of energy and Chinese banking stocks compensated for its losses on investments in banks such as Merrill Lynch and Barclays. Temasek Chairman S. Dhanabalan warned, “The fallout of the credit crisis will continue to dampen the global economy over the next 24 months, with sharply escalated oil and food prices beginning to test inflation expectations.” (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- Why is the Pentagon stuffing caves in Norway full of tanks?
- What the Middle Ages can tell us about the GOP's big charity myth
- An open letter to #brands about Gamergate
- Did the media get Ferguson wrong?
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- 43 TV shows to watch in 2014
- 'Having it all' has officially jumped the shark
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Did Republicans overshoot on the Ebola panic?
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