Western Australia plans to set up sovereign wealth fund

Note: This section contains information in English only.
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

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