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Move to weaken currency too late, says top US bank

LAST week's move by the Monetary Authority of Singapore (MAS) to weaken the Singapore dollar to spur economic growth came too late, says leading US investment bank Citigroup.


Soaring dividends pace US market’s bull run

US stock market bulls have had an unlikely ally in their four-month stampede - soaring dividends, the shareholder payouts that are making a strong comeback after 20 years in the wilderness.


Citigroup, BoA post higher Q2 profits

Citigroup Inc, the world's largest financial services company, reported yesterday a 12% year-on-year rise in second-quarter earnings, driven by gains in its consumer business.


Earnings may add to US stock market fizz

This week's rush of quarterly earnings announcements from icons like chip leader Intel Corp and banking titan Citigroup Inc may give the US stock market another jolt higher as Corporate America hints at an improving economy.


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.


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.


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%.


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.


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.


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.