Singapore’s Temasek sees deals slowing as trade tensions bite
Singapore — Singapore state investor Temasek Holdings cautioned it was looking to temper its pace of investments this year as trade tensions between world’s top two economies ratchet up, after reporting a record high annual portfolio value. The cautious outlook underlines the challenges that state investment firms such as Temasek face as rising protectionist policies and anti-globalisation sentiments put their investment and risk management capabilities to test. Earlier this week China Investment Corporation struck a similarly cautious note. "We expect global growth to moderate and see the probability of risks increasing," Temasek’s managing director of investment, Sulian Tay, said at a news conference on Tuesday. "These include geopolitical and trade tensions as well as monetary and financial stresses in important economies." Escalating trade tensions between the US and China have shaken markets over the past month. Washington implemented tariffs of 25% on $34bn of Chinese imports ...
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