Gold investment hits record on recession fears (Market Watch)
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Gold investment demand in the first quarter more than tripled from a year ago to a record level as investors piled into gold exchange-traded funds to hedge against the global economic downturn.
Chinalco Is Sticking to Rio Tinto Investment Plan (Update1) (Bloomberg)
May 20 (Bloomberg) — Aluminum Corp. of China said it is sticking to a proposed $19.5 billion investment plan in Rio Tinto Group , the worlds third-largest mining company, after a newspaper reported there could be changes.
Investment banks under foreign radar (Business Times (Malaysia))
FOREIGN parties have expressed an interest in acquiring a stake in Malaysia standalone investment banks (IBs), after the recent liberalisation of the financial sector. This was disclosed by ECM Libra Financial Group Bhd’s executive chairman and chief executive officer Datuk Seri Kalimullah Hassan said today. However, he remained tight lipped, as to whether ECM Libra is one of the IBs concerned. …
