Keppel REIT's shares were sold off by sovereign wealth fund Temasek Holdings. Singapore's state owned investment firm, Temasek Holdings Pte, had disposed of its stake in office real estate firm Keppel REIT.
Sovereign wealth funds
Sun Life Financial says China joint venture to become profitable in two years
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Brazil sells dollar bonds worth USD 3.2 billion
Brazil sold dollar bonds amounting to USD 3.2 billion set to mature in 2025 and established a new benchmark in international markets.
Texas firm buys USS Forrestal for a single cent
The US Navy sold the USS Forrestal to All Star Metals for one cent. Texas-based shipbreaker All Star Metals purchased the decommissioned USS Forrestal for one cent.
Yue Xiu Group nears deal to acquire Chong Hing Bank
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
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Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.
Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.
President Barack Obama caught a pregnant woman while he was making his speech about the Affordable Care Act in the Rose Garden.
Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.
Tana Clymer, a 14-year old girl from Oklahoma, found a 3.85-carat diamond at the Crater of Diamonds State Park.
According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
