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Lifestyle

For the love of vast riches

They were once poor, mean and hungry. Now a talented class of Russians has clawed its way to billionairedom, writes GEORGE TREFGARNE from London.

Business

Cheung Kong launches US$400mil REIT in Singapore

Cheung Kong (Holdings) Ltd, the property group controlled by Asia's richest businessman Li Ka-shing, has launched a US$400mil real estate fund in Singapore, offering investors a pre-tax yield of 7.9% to 8.2%.

Business

Market takes breather after 9-day run-up

AFTER nine consecutive days of gains, the local stock market took a breather Tuesday, with the KLSE Composite Index (CI) slipping back 3.4 points to 727 on profit-taking.

Lifestyle

Blues' Red owner

ROMAN Abramovich, the 36-year-old Russian billionaire who has bought Chelsea football club for £150mil (RM960mil) cash, flew into Britain on Wednesday in his private Boeing 767 to the kind of attention he has studiously avoided during his meteoric rise to power and wealth.

Business

BNP Paribas sets up Islamic banking unit

BNP Paribas SA, France#039;s largest bank, has set up a unit dedicated to selling Islamic-based investments as Western institutions compete to tap a growing market.

Business

Wide scope for wealth growth

RISING consumer sophistication and the current volatile market scenario are expected to provide further growth opportunities for CitiGold Wealth Ma- nagement Banking.

Business

Aussie stores look for solid ground

ONCE the first port of call on every shopping trip, Australia's department stores are struggling to keep up with fickle shoppers who want to be sun-kissed surfers one minute and sultry gypsies the next.

AseanPlus News

Two more banks in stock market

MORGAN Stanley Co International Ltd and Citigroup Global Transaction Services of the United States became the first foreign investors to be granted the Qualified Foreign Institutional Investors (QFII) status on the Chinese stock market, authorities said on Sunday.

Business

Two more banks in stock market

MORGAN Stanley Co International Ltd and Citigroup Global Transaction Services of the United States became the first foreign investors to be granted the Qualified Foreign Institutional Investors (QFII) status on the Chinese stock market, authorities said on Sunday.

Business

Citibank offers luxury watches to investment service clients

CITIBANK Bhd is offering luxury watches to customers signing up for its investment services.