Zurich is said to join US$2b wave of Malaysia stake sales
KUALA LUMPUR (April 26): Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over US$2 billion of such deals in the country.
The Pentagon is already working on technology designed to fight a war in space: rockets that could launch daily; missiles that would fly at five miles per second; satellites the size of shoe boxes; and robots that could fix them in orbit.
(Aug 14): As a selloff in Indonesian rupiah debt persists, the government is weighing a global dollar bond offering as an option to bridge the nation’s budget deficit, according to a finance ministry official.
The dollar bond sale plan “is in the government’s worst-case scenario” if domestic securities market continues to be volatile, Scenaider Siahaan, the ministry’s director of debt portfolio and strategy, said by phone on Monday. “That would be a conditional response. We will first assess the situation, whether or not things will turn for the better,” he said.