| Temasek is willing to give Standard Chartered time to work on its turnaround before deciding on the fate of its underperforming $4 billion (3 billion pounds) stake in the UK bank as part of a portfolio reshuffle, people familiar with the matter said.
Pressured by weak returns from low interest rates and a commodities rout, the Singapore state investor is taking a hard look at its $190 billion portfolio and may exit unprofitable assets, these people told Reuters. This approach was evident last week when Temasek sold at below book value a controlling stake in shipping firm Neptune Orient Lines (NOL) , its biggest disposal since 2009...............................................Full Article: Source
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