Kazakhstan Grapples With Reform of Sovereign-Wealth Fund

When Astana launched its sovereign-wealth fund in 2008, authorities asserted that Samruk-Kazyna would modernize Kazakhstan’s economy and help attract foreign investors.

Royal Mail soars on stock market debut

LONDON (AP) — Shares in newly-privatized Royal Mail soared on their stock market debut Friday, bolstering criticism that the company — which traces its five-century history back to King Henry VIII — was undervalued by the British government.