CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Singapore's GIC will be cautious, take few risks
 |
Chelsea Flower Show
The Queen, Prince Harry as well as garden gnomes turn up at the 100th annual Chelsea Flower Show. Slideshow
KUALA LUMPUR, June 8 |
KUALA LUMPUR, June 8 (Reuters) - The chairman of the Government of Singapore Investment Corp (GIC), the city-state's biggest sovereign wealth fund, said on Monday the fund will be cautious and take few risks.
His comments came after the country's other sovereign fund Temasek saw big losses on its investments in Western banks.
"GIC will be cautious, low risk," said Lee Kuan Yew in a discussion at an aviation meeting in Malaysia.
Temasek's new American chief Chip Goodyear would, however, "seize opportunities", said Lee, Singapore's former prime minister and the father of current prime minister Lee Hsien Loong. (Reporting by Neil Chatterjee; Writing by Kevin Lim)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters