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Friday, June 29, 2012

Citi Says Not Under Probe For Interest Rate Fixing

10 Syaaban 1433

KUALA LUMPUR, June 29, 2012- More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453 million, but Citibank has clarified that it is not one of them.

 "Citi has confirmed with U.K. government officials that it is not under investigation in the UK for Libor-related issues," Citibank Bhd said in a statement here .

More information : BERNAMA

Sunday, June 17, 2012

Telekom Malaysia remains as top pick for CIMB Research

28 Rejab 1433

KUALA LUMPUR: CIMB Research remains Neutral on the mobile telecommunications sector, and said it rmained cautious on DiGi.Com Bhd given that the migrant market contributes to a hefty 20% of its revenue. Maxis has said it will not let up until it captures its fair share of the market.
"Telekom Malaysia is our top pick as it is largely spared from the tussle in the mobile space," said CIMB Research.
More Information : The Star