Singapore's Temasek reports record portfolio, boosted by market rally

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Temasek Holdings reported a 25% rise in its portfolio value to a record S$381 billion in the year ended March 2021. YahooFinance

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China's economic growth likely slowed in the second quarter, as higher raw material costs hurt factories and new COVID-19 outbreaks weighed on consumer spending, a Reuters poll showed, suggesting policymakers may do more to support growth. That would mark a significant slowdown from a record 18.3% expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump in the first quarter of 2020.

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