According to the Wall Street Journal hedge fund assets have crossed the $2 trillion mark for the first time in a year. The total assets have increased by 3.4% in the last month to $2.037 trillion.
Japanâ??s cabinet on Tuesday agreed Y7,200bn ($80.6bn) in stimulus spending intended to shore up a fragile economic recovery with measures including support for employment, easier financing for smaller companies and promotion of environmental protection.
Dubai World may be forced to sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but he said the government would not divest businesses to support the holding company.