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Page 3 Finance Asia awards 4 local firms, govt’s bond issue

I>Finance Asia /I>magazine has singled out four Malaysian companies and a global Malaysian bond issue for the best awards in various categories for 2002.

Business

Goldman tops ranking

MORGAN Stanley, Merrill Lynch Co, and J.P. Morgan Chase Co, which dominated takeover advisory work in Singapore during 2001, saw their business slump more than 95% last year as volume shrank three-quarters.

Business

Foreign business news in brief

Foreign business news in brief including tht Asian debt issuance rose 13.73% in 2002 to a total of US$152.4bil, Thomson Corp said in a report.

Business

Wall St probe findings within weeks

B>NEW YORK/B>: Disgruntled investors suing Wall Street firms over bad stock picks will soon get a windfall, as state regulators including New York Attorney-General Eliot Spitzer will likely release the findings of probes into Citigroup Inc and other banks by the end of the month.

Business

NEAC: M’sian businesses need to raise productivity further

MALAYSIAN businesses need to be more aggressive in raising their level of productivity, as well as find their niche in global markets, said National Economic Action Committee (NEAC) secretariat head Dr K. Govindan.

Business

Foreign business news in brief

Foreign business news in brief including from Bangalore that Indian affiliates of Hong Kong#8217;s Hutchison Whampoa Ltd have claimed a world first with the launch of a service in which mobile phones are automatically updated with text news headlines.

Business

M&S looking over Safeway, too

British clothes and food retailer Marks and Spencer Group plc (MS) may enter a six-way battle for the country's fourth biggest grocery chain Safeway plc, the I>Daily Mail/Ireported yesterday.

Business

Critical Path stays alive

CRITICAL Path embodied the Internet boom. Its wild-haired founder, David Hayden, saw the future of e-mail early on, raising US$40 million in venture funding to fill a former chocolate factory in San Francisco with engineers.

Business

Worries of war cause tumble

Stocks tumbled to their lowest levels since October on Friday as the specter of a US war against Iraq loomed over a market already spooked by the outlook for corporate profits during the rush of reporting season.

Business

Ping An splits life, property businesses

PING An Insurance Co, China#039;s second-largest life assurer and third-largest property insurer, said it finished its restructuring by splitting its life assurance and property insurance businesses into two independent subsidiaries.