| 23.08.2011 - Australia: Industry cuts trigger call for sovereign wealth fund |
| The wave of job cuts in the steel industry, blamed on the high dollar, has reignited calls for a sovereign wealth fund to rein in the exchange rate. A sovereign wealth fund is a savings pool used by commodity-rich countries such as Norway to invest the windfall of a resources boom or to soften the blow from a sudden fall in commodity prices..............................................Full Article: Source |