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More than 5.5 billion euros was invested in wealth funds

Top sovereign wealth funds increase spend on European real estate by 30 per cent to 5.5 billion euros in 2013, according to a survey done recently by international real estate advisor Savills.

 

Japan consumer price growth at 32-year high

Consumer prices in Japan rose at an annual rate of 3.4% in May, the fastest pace in 32 years, as the effect of the sales tax hike started to be felt.

   

Physical gold contract to be launched on SGX in September

Marketplace will serve as a "fully transparent price discovery mechanism for gold in Asia", says Singapore Exchange.

   

Euro holds steady despite weak eurozone data

The euro held largely unchanged against the dollar on Monday, despite poor economic data for the 18-nation eurozone pointing to slowing growth, and a deeper contraction in France.

   

Euro pushes higher for second session

The euro climbed against the dollar for a second straight day on Thursday despite comments from the International Monetary Fund that eurozone growth was too weak and inflation "worryingly lo [ … ]

   

South Korea, Turkmenistan sign $4b gas deals

South Korean leader Park Geun-Hye on Friday oversaw the signing of $4 billion in agreements to build natural gas-processing plants in the isolated energy-rich Central Asian nation of Turkmen [ … ]

   

Confidence in US news media keeps sinking

Americans' confidence in the news media has tumbled to fresh lows -- and it doesn't much matter whether the source is newspapers, television or the Internet.

   

China group 'used same metal stocks to borrow $2.5 bn'

A Chinese mining group allegedly used the same commodity stocks as collateral for loans of more than $2.5 billion from different banks, state-run media reported, with its other lenders also [ … ]

   

US is key to Uniqlo's global aspirations

Many of the details of Uniqlo's aggressive US expansion still need to be worked out, but at least one thing is clear: the campaign will start on the coasts.

   

US central bank cuts growth forecast for 2014

The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather.

   

Dollar drops ahead of US Fed meeting

The dollar dropped against major currencies as investors anticipated a US Federal Reserve policy decision that could shed light on a timeframe for raising benchmark interest rates.

   

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