Temasek plans to invest up to $40b in US over next 5 years, Money News
Technology tamfitronics NEW YORK — Singapore state investor Temasek plans to invest up to US$30 billion (S$40 billion) over the next five years in the US in sectors such as healthcare, financial services and technology."It's an incredibly deep and broad capital market in the US," Jane Atherton, Temasek's head of North America, told Reuters. "The US is really at the forefront of everything that's happening from the AI perspective."The US economy grew faster than expected in the second quarter and continues to outperform its global peers. Despite recent turbulence, the S&P 500 is up 14.5 per cent this year in a rally driven in part by excitement over artificial intelligence.In contrast, China reported weaker-than-expected growth earlier this month and surprised markets by cutting major short- and long-term interest rates last week in a bid to boost its...
