Western Australia plans to set up sovereign wealth fund

Source: BBC
Western Australia plans to launch a state-owned investment fund in an attempt to invest profits from mining boom. The state, which is the owner of large mineral deposits, faced sharp growth in revenues due to strong demand from emerging Asian markets. The further details regarding sovereign wealth fund are expected to be announced in May.



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Wed, 22 Feb 2012 12:20:55 GMT

Gold flat on the cautious markets after Greece deal

Gold prices were almost unchanged on Wednesday as speculation that the sum of the Greek rescue package is not enough to stabilize Greece's economy undermined investors' confidence. COMEX gold April contract traded at 1,758.65 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.01%.

Wed, 22 Feb 2012 10:51:57 GMT

France's CPI decreased by 0.4% in January

French CPI decreased by 0.4% last month after jumping by 0.4% in the preceding month. Considering yearly changes, the indicator added 2.3% last month. The decline in the CPI resulted from fall in manufacturing products' prices. However, growing energy prices limited the decline in the CPI. At the same time, on a seasonally adjusted basis, the CPI added 0.2% on

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