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Letters 06 Mar 2005 | 12:00 AM

High price for justice


Business 05 Mar 2005 | 12:00 AM

Foreign business news in brief

News briefs, including from Singapore that Oil prices slipped yesterday as dealers scooped up profits after Nigeria, an Organisation of the Petroleum Exporting Countries (Opec) member, said the cartel would discuss a production rise later this month, helping pull the market back from near all-time highs.

Business 21 Jan 2005 | 12:00 AM

Citigroup reports record quarter

Citigroup Inc., the largest U.S. financial institution, reported record quarterly earnings on Thursday and said it was working to resolve outstanding legal and regulatory issues.

Other Sport 31 Dec 2004 | 12:00 AM

Kit Kong wants to return to Kedah next season

Liew Kit Kong, the hottest property in Malaysian football after scoring two goals in the preliminary rounds of the Tiger Cup and two more in the crucial semi-final, first-leg match against Indonesia on Tuesday, wants out of the top-class action.

Business 03 Dec 2004 | 12:00 AM

China expected to tighten controls on speculation abroad

China is expected to tighten controls on its companies' financial dealings abroad after the Singapore arm of China's biggest jet fuel supplier suffered massive losses trading risky energy derivatives, state media said Friday.

Business 08 Aug 2004 | 12:00 AM

Stocks close at lows for year

US stock indexes closed at their lowest levels of the year on Friday after a dismal July jobs report fuelled concerns the US economic recovery could be losing steam and crude oil hit another 21-year high.

Business 12 May 2004 | 12:00 AM

Citigroup’s WorldCom pact may force banks’ hands

Citigroup Inc's decision to settle lawsuits involving WorldCom Inc. and set aside US$6.7bil for pending legal bills may force other banks to take similar actions, hurting profit, analysts said.

Business 04 May 2004 | 12:00 AM

China Life under probe over IPO

Corruption watchdogs here and in mainland China are investigating China Life Insurance Co Ltd's allocation of shares during its IPO last December, a Hong Kong newspaper said yesterday.

Business 28 Apr 2004 | 12:00 AM

Chinese insurer says will cooperate with US' inquiry

China Life Insurance has received notice of an informal inquiry by U.S. stock regulators and plans to cooperate fully,'' the company said in a statement received Wednesday.

Other Sport 25 Apr 2004 | 12:00 AM

‘Triple shifts’ turn Olympic venue into sleepless city

It's hard to sleep in Athens these days.