Stephen Forshaw

Temasek Sets Up U.K. Unit to Focus on Investments in Europe

Temasek Holdings Pte, Singapore’s state-owned investment company, said it has set up a U.K.-based unit that will focus on investments in the region.

Singapore’s Temasek Said to Buy 10% of Markit for $500 Million

Temasek Holdings Pte, Singapore’s state-owned investment company, bought a stake in Markit Group Ltd. for about $500 million, according to a person with knowledge of the matter.

Temasek Says Hsieh Fu Hua Steps Down as One of Company’s Two Presidents

Temasek Holdings Pte, Singapore’s state-owned investment company, said Hsieh Fu Hua stepped down as president, becoming the second executive to leave the post in three months.

Olam Survives as Short-Seller Block Proves Investors’ Friend

Short-seller Carson Block’s charge that Olam International Ltd. will fail, his first attack on a Singapore company, is a victory for shareholders after it made the commodity trader more responsive to investors.

Olam Says Studying All Legal Options as Temasek Keeps Stake

Olam International Ltd., the commodity trader that sued Muddy Waters LLC for defamation, said it’s reviewing all legal options, as its second-largest shareholder maintained its stake and two directors bought shares in the company.

Evonik Owners Sell 4.6% Stake to Temasek Ahead of Fourth IPO Try

Evonik Industries AG’s owners have agreed to sell a 4.6 percent stake in the German chemical maker to Singapore’s Temasek Holdings Pte ahead of a fourth attempt at an initial public offering.

Olam Rebuffs Muddy Waters, Citing S$10 Billion Liquidity

Olam International Ltd. Chief Executive Officer Sunny Verghese dismissed claims from Muddy Waters LLC of potential insolvency by pointing to the commodity trader’s more than S$10 billion ($8.2 billion) of liquidity.

Evonik Owners Sell 12% of Shares in Run-Up to Fourth IPO Attempt

Evonik Industries AG, a German specialty chemicals maker, said its owners sold a 12 percent stake in the company to institutional investors, paving the way for a fourth attempt to sell shares to the public.

Olam Drops Defamation Lawsuit Against Carson Block

Olam International Ltd., the commodity trader targeted by Carson Block, dropped its defamation lawsuit against the short seller and his research firm Muddy Waters LLC, bowing to advice from shareholders to focus on its business.

Muddy Waters Attacks Olam’s Purchases, Likens to Enron

Muddy Waters LLC, the research firm founded by short seller Carson Block, likened commodity trader Olam International Ltd. to energy trader Enron Corp., saying it runs a high risk of failure.

"The organization changes are part and parcel of Temasek's continuing efforts to reshape the institution and rotate its staff through various responsibilities to further expand and deepen its capacity and capabilities, and build Temasek for the future."

- Stephen Forshaw on Jan 31, 2013

Singapore

Muddy Waters

Carson Block

North America

U.S. Stocks Rise as Investors Await Fed Policy Meeting

Stocks Rise as Yen Falls Before FOMC; Natural Gas Soars

Airbus A380 Deal Starts Paris Show; 787-10X Lifts Boeing

Gold Falls Before Fed Meets as Investors Weigh Stimulus Outlook

Weyerhaeuser to Buy Longview Timber for $2.65 Billion