13 Feb '11, 10pm

Citi remains upbeat despite challenges ahead: by Jenny Kong With commercial banks reporting strong performances

With commercial banks reporting strong performances last year, as business loans saw the fastest year-on-year growth in 21 months, Today catches up with Mr Eugene Tan (picture), managing director and head of ASEAN, Citi Commercial Bank, for his take on what is to come in the months ahead. MAS' figures for last year painted a pretty picture of the business loans market, with business lending achieving the fastest year-on-year growth in 21 months. So how did the year play out for Citi Commercial Bank? In my view, Citi Commercial Bank has performed well. Our assets grew 15 per cent but, more importantly, our top line grew by 40 per cent. And that's a very good number, by any definition. Against the backdrop of a difficult year (2009) and a recovering market, was this a surprise? Yes, it was and a positive one. In the first half of last year, many companies were very cautious,...

Full article: http://www.todayonline.com/Business/EDC110214-0000092/Cit...

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US business hiring starts year on upbeat

channelnewsasia.com 02 Feb '11, 8pm

WASHINGTON : US businesses hired more people than expected in January amid record-low job cuts for the month, reports show...