"Handshake across the Himalayas"
India, China to study new ways to ease border tensions
India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
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Head of Dutch pension fund resigns over probe-ANP
AMSTERDAM |
AMSTERDAM Feb 20 (Reuters) - The head of Dutch ABP, the world's third-largest sovereign pension fund, has resigned over an investigation into a failed savings bank where he once sat on the board, ANP-Reuters said.
Ed Nijpels sent a letter to ABP's board late Friday saying he could not continue given the investigation into the collapse of DSB [DSB.UL] and the likely months of public debate after its release, the agency said.
Nijpels, a former parliamentary leader of the centre-right VVD party and housing minister, became chairman of ABP in Aug. 2009. ABP ranks behind only Japan and Norway among sovereign pension funds, with 208 billion euros in fund assets.
DSB collapsed in October after a run on the bank and months of public pressure over its lending practices.
A commission is currently investigating DSB's collapse and the roles played in its supervision and management by a number of politically connected people, including Nijpels. (Reporting by Ben Berkowitz; Editing by Nick Macfie)
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