FUNDRAISER: Expecting losses from bad mortgage-related investments, the company is talking to China, Kuwait and Singapore in a bid to shore up its finances
Citigroup is turning to cash-rich foreign investors for a second time as it confronts mounting losses on mortgage-related investments.

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Can Europe's economy stay on track even if the US goes off the rails?

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China will introduce food labeling that meets international standards from May 1, better informing consumers and banning producers from making false claims, a new health ministry order said.

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Malaysia will step up checks to ensure that Chinese festive food imports ranging from Mandarin oranges to waxed duck are safe for consumption ahead of the Lunar New Year next month, a news report said yesterday.

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Gold futures briefly rose above US$900 an ounce -- an all-time high -- before pulling back on Friday as growing worries of a US recession prompted uneasy investors to keep buying the precious metal.

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■ INFLATION

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