China, Britain signs agreement on currency swap

Mervyn King, governor of Bank of England (BoE) and Zhou Xiaochuan, governor of People's Bank of China (PBoC), have signed an agreement to establish a reciprocal 3-year sterling/renminbi (RMB, or Chinese yuan) currency swap line


Indian hedge funds seek foreign money

The fledgling Indian hedge fund sector is looking to bring in foreign money as the initial response from domestic investors to this product has been tepid.


Diamond Turns To Singapore For $2bn Fund

The former chief executive of Barclays, is in talks to raise billions of dollars for a new venture from investors including Singapore's main state investment firm


An Indian summer at London art auctions

Leading international auctioneers Christie’s and Sotheby’s were once again vying with each other to offer the works of Indian contemporary masters this summer.