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Saeed Azhar, Reuters

More from Saeed Azhar, Reuters

Manchester United Plans $1 Billion Float in Singapore: Sources

English Premier League soccer champions Manchester United are looking to raise $1 billion via a stock market flotation in Singapore by the end of 2011, sources with direct knowledge of the situation…

GIC buys Shanda Games stake

GIC, Singapore's biggest sovereign wealth fund, has bought a 5.4% stake in Chinese videogames company Shanda Games, its second recent investment in a newly listed firm in the United States.