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Suicide attack kills 18 in Iraq oasis town

  Karbala /AFP Attackers armed with suicide vests, rifles and grenades killed 18 people in the Iraqi oasis town of Ain Al Tamer, many of them guests at a wedding party, local officials said on Monday. “They were carrying Kalashnikovs, hand grenades. One of them blew himself up and the others were killed by the security forces,” said the head ...

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Norway’s US$890bn fund warns outflows are affecting risk strategy

  Bloomberg Norway’s $890 billion sovereign wealth fund is acknowledging that rising withdrawals by the government could hamper its quest to manage more risk and generate greater returns as it takes on more and more negative yielding securities. The net outflows are “relevant for how we think about the risk-bearing capacity of the fund,” Egil Matsen, the deputy governor at ...

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GIC to pay less than US$400 million for Vietcombank

  Bloomberg GIC Pte reached a preliminary agreement to pay less than $400 million for a 7.7 percent stake in Bank for Foreign Trade of Vietnam JSC, the nation’s second-biggest listed company, people with knowledge of the matter said. The Singapore sovereign fund will buy Vietcombank stock at a discount to the current market price, the people said, asking not ...

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