Singapore's GIC takes 20% stake in Turkish real estate firm

Singapore sovereign wealth fund GIC will inject 250 million euro ($314.3 million) to acquire a strategic stake in Turkey's leading commercial real estate developer Ronesans Gayrimenkul Yatirim (RGY), both firms said Thursday.

Singapore economy expands 3.5% in first half: PM

Singapore's trade-sensitive economy grew 3.5 percent in the first half and was on track for 2.5-3.5 percent expansion this year, Prime Minister Lee Hsien Loong said Friday.