Guardian.co.uk
15 Apr 2008
SINGAPORE, April 15 (Reuters) - Singapore state investor Temasek, sitting on paper losses of around $1.3 billion for its investments in Merrill Lynch and Barclays, is expected to shed more assets and conserve cash to offset its exposure to the ailing western financial sector.
Analysts said the sovereign fund, which recently unloaded an Indonesian bank and a Singapore power producer, may choose to consolidate its hefty holdings in Chinese banks.
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