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Daily Archives: March 22nd, 2008

15. Citigroup expected to cut 2,000 banking, trading jobs

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptCitigroup Inc is cutting about 2,000 more investment banking and trading jobs, a source said, as the largest US bank moves to lower costs after subprime mortgage and credit problems led to a record quarterly loss.
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14. Konsortium Logistik sees higher revenue

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptKonsortium Logistik Bhd expects to achieve a 30% growth in revenue for this financial year (FY) ending Dec 31 supported by its newly acquired construction business.
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18. China forex up US$57b in February

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptChina’s foreign exchange reserves jumped US$57.3bil in February to US$1.65 trillion, almost matching January’s surprising leap of US$61.6bil, sources said.
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8. Single brand for all F&N products

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptFood and beverage (F&B) giant F&N Holdings Bhd is unifying its products under one brand to leverage its portfolio and create improved brand awareness.
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14. Citigroup expected to cut 2,000 banking, trading jobs

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptCitigroup Inc is cutting about 2,000 more investment banking and trading jobs, a source said, as the largest US bank moves to lower costs after subprime mortgage and credit problems led to a record quarterly loss.
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13. International reserves rise to RM393bil

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptBank Negara’s international reserves rose RM9.06bil to RM393.21bil as at March 14 from RM384.15bil on Feb 29.
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16. Oilcorp unit to raise up to RM300m via AIM listing

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptOilcorp Bhd’s property unit, D’Tiara Corp Sdn Bhd, is looking to raise RM250mil to RM300mil in proceeds from its proposed Alternative Investment Market (AIM) listing on the London Stock Exchange.
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12. UGT platform at all 7-Eleven outlets by year-end

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptUnited Global Technologies Sdn Bhd (UGT) expects to roll out its interactive advertising media platform across the 903 7-Eleven outlets nationwide by year-end.
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7. US economy halting, says OECD

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptUS economic growth is grinding to a halt, stung by what could be the worst housing slump on record, the Organisation for Economic Cooperation and Development said on Thursday.
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6. Ferrari names Naza Italia sole distributor for Malaysia

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptNaza Italia Sdn Bhd, which would begin operations early next month, has been appointed the sole distributor for Ferrari in Malaysia.
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