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Citigroup Inc, the world's biggest stock and bond underwriter, said it has split its global corporate and investment bank into three groups to simplify its structure and win new business.
THE recovery in private investment, which started gaining momentum in the third quarter last year, will spearhead Malaysia's economic growth this year, said Adam Le Mesurier, Goldman Sachs' vice-president of Asia-Pacific Economic Research.
The death of the largest single shareholder of Standard Chartered Plc is rekindling speculation the Asia-focused British bank has become a takeover target.
TITAN Petrochemicals and Polymers Bhd, which has invested a total of RM5.5bil in its petrochemical facilities in Johor to date, plans to spend a further US$70mil (RM266mil) in the next two to three years to increase capacity and product range.
China's second largest life insurer, Ping An Insurance Group Co Ltd, is expected to raise US$1.9bil from its initial public offering (IPO) in Hong Kong in May, a local reported yesterday.HSBC, BOC International, Morgan Stanley and Goldman Sachs would underwrite the IPO, I>The Standard/Isaid.