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Texas Pension Fund Plans $200 Million Investment in Private Equity in Asia Teacher Retirement System of Texas, the seventh-largest U.S. public pension fund, will invest $200 million in private equity in Asia, whose economies are leading the world out of a recession.

Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938.

Sands China Raises $2.5 Billion in Initial Offering at Bottom End of Range Sands China Ltd. and its parent, the casino company controlled by billionaire Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong Kong initial public offering conducted at the bottom of the marketed range.

Nomos Capital's Lowe Says He Sent Explicit Latin Poem to Woman as a Joke Nomos Capital Partners Ltd. founder Mark Lowe said he sent a “robust” quotation of a Roman poet to a woman seeking help finding a job as a light-hearted joke.

Ex-Millennium Manager Tan Plans to Start Commodity Hedge Fund in Singapore Tan Tien Leong, the former fund manager at Millennium Capital Partners LP, plans to start a commodity hedge fund in January.

Caterpillar Beating Komatsu as Dow Industrials Soar on Dollar Index Drop For the first time since the equity rally began in March, the biggest U.S. stocks are beating the smallest as the dollar’s descent sends investors to companies with the most business in international markets.

British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property market began to collapse, housebuilder Persimmon Plc owed 960 million pounds ($1.6 billion). Today, Chief Financial Officer Michael Killoran has slashed that debt by 58 percent.

Minsheng to Start Trading This Week as Sands China IPO Prices at Low End China Minsheng Banking Corp., the nation’s first privately owned lender, will begin trading this week in Hong Kong after raising HK$30.1 billion ($3.9 billion) in the territory’s biggest public share sale since April 2007.


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