| 25.09.2009 - SWF spends billions to diversify into resources firms |
| From Alibaba.com: China Investment Corp (CIC), the nation's sovereign wealth fund, has agreed to spend $2.75 billion to invest in commodities companies so far this week in order to spread out its holdings, analysts said on Thursday. The Jakarta-based coal producer PT Bumi Resources announced yesterday that CIC has invested $1.9 billion in Bumi in the form of a debt-like plan.....................Full Article: Source |