Governor signs Sudan divestment bills
US - Governor of California Arnold Schwarzenegger (pictured) has signed two bills prohibiting the state's pension funds from investing in companies with active business interests in Sudan.
The bills will also indemnify the University of California from liability that might result from its divestment from Sudan, and Schwarzenegger said: "We cannot watch from the sidelines and be content to...
More on Central & South America
S&P Indices launches new index
AMERICAS- S&P Indices has launched its first in a series of indices designed to measure the performance of the Chilean, Columbian and Peruvian stock exchanges.
ING sells LatAm business for €2.7bn
LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).
Week on the Web: What stories have you missed out on this week?
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
Puerto Rico credit rating may be cut over pensions
PUERTO RICO - Puerto Rico's A3 general-obligation debt rating is under review for a possible downgrade because of pension strains, Moody's Investors Service said.
LatAm assets to hit $1.4trn
LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.
