IPO News
Wealth funds meet to allay Western fears
SINGAPORE (Reuters) - Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their investments are politically motivated.

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Bigger may be better as smaller hedge funds give up
BOSTON (Reuters) - Bigger may really be better for hedge funds at a time the $2 trillion (1 trillion pound) industry's smaller players face tough choices of either merging or being forced out of business.

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Glaxo to double China R&D staff in few years
SHANGHAI (Reuters) - GlaxoSmithKline, the world's second-largest drugmaker, plans to double its research and development staff in China to 350 people in the next few years, an executive said on Tuesday.

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Round-up of Tuesday's business pages
LONDON (Reuters) - Here is a round-up of the main stories from the business pages on Tuesday.

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RPT-FOREX-Dollar inches up vs euro, but credit worries weigh
TOKYO, July 8 (Reuters) - The dollar inched up against the euro on Tuesday, supported by a drop in oil prices overnight, but renewed credit worries limited its gains.
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Wealth funds meet in Singapore to allay Western fears
SINGAPORE (Reuters) - Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their inv...
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Inovio Biomedical and VGX Pharmaceuticals Sign Merger Agreement
Posted on: Monday, 7 July 2008, 18:00 CDT Inovio Biomedical Corporation (AMEX:INO), a developer of electroporation-based DNA vaccine delivery technology, and VGX Pharmaceuticals, Inc., a privately he...
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Gold steady above off 1-week low, watches dollar
SINGAPORE, July 8 (Reuters) - Gold steadied on Tuesday after falling to a 1-week low hit the previous day, with dealers closely watching movements in the U.S. dollar against other currencies for di...
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Very satisfied with G8 on climate, food, oil
TOYAKO, Japan (Reuters) - German Chancellor Angela Merkel said on Tuesday after a meeting with U.S. President George W. Bush that she was "very satisfied" with the work of the Group of Eight on issues...
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UPDATE 1-US Senate clears way for housing rescue vote Wed.
The Senate agreed to limit debate on Monday sending the measure toward a final vote planned for Wednesday. If the bill is ratified, it needs to be reconciled with a similar measure passed by the U....
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Anheuser raises red flag over InBev
"This won't win Anheuser-Busch's case in defending against the deal, but it's another obstacle to toss out there for InBev to jump over and keep InBev distracted."
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