17.11.2015 - Temasek's US holdings fell in third quarter amid stock rout
The value of Temasek Holdings Pte's US listed securities fell to the lowest level this year as it sold some of its assets and the Standard & Poor's 500 Index slumped the most since 2011. Singapore's state-owned investment firm reported US$10.5 billion of holdings as of September 30 in a filing with the US Securities and Exchange Commission on Monday. That's a decline of US$5.4 billion from the previous quarter and the lowest since the three months to December, when holdings were US$9.6 billion. The US benchmark index fell 6.9 per cent in the third quarter amid uncertainty over the Federal Reserve's rate tightening policy and concerns that an economic slowdown in China will curb demand for commodities and crimp global growth..............................................Full Article: Source
Print