Citigroup expected to report Q4 loss
MONEY:
Citi look set to benefit from cash injections, with Saudi Prince Alwaleed bin Talal said to be making an investment, and China Development Bank might be following suit
Citigroup Inc is expected to report a fourth-quarter loss today, but investors will focus on everything else Citi has in the works, from raising billions of dollars in new capital to slashing more jobs.
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Malaysia and US resume FTA talks
TRADING PARTNERS:
US embassy spokeswoman Kathryn Taylor said Washington wanted to seal a deal before a new administration takes over in the summer
The US and Malaysia resumed formal talks yesterday for a free trade agreement nearly a year after discussions stalled amid differences over Malaysia's government procurement policy.
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Chinese Cabinet increases penalties for price-fixing
China's State Council yesterday sharply increased penalties for price-fixing, expanding an anti-inflation campaign that has failed to cool a surge in politically sensitive food costs.
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Prosecutors raid office of Samsung Group chairman
Investigators probing alleged corruption at the Samsung Group raided an office of chairman Lee Kun-hee, an official said yesterday, as part of a special investigation reluctantly approved last year by South Korea's president.
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Toyota sees big future for Prius brand
Toyota's Prius brand is so strong that it could someday support a lineup of hybrid vehicles under the popular green vehicle's flagship name, a top company executive said on Sunday.
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Federal Reserve signals tougher response to risk
Federal Reserve officials, including chairman Ben Bernanke, are signaling a more aggressive response to the increasing risk of recession.
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World Business Quick Take
■ FINANCE
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