Citi reported on Monday that its overall net income rose 2 per cent to US$4.71 billion in the first three months of the year, up from US$4.62 billion in the same period in 2017. Photo: Bloomberg

Citigroup’s golden strategy as banker to Fortune 500 companies tapping China’s Belt and Road corridors

  • Citigroup says revenue during the first quarter rose 30 per cent on year
  • Growth driven by increased business activity by Chinese companies, as well as multinational corporations
  • Transactions include US$775 million bond for Indonesian utility PT Lestari Banten Energi, US$3.8 billion in Belt-and-Road-related bonds issued by Bank of China
Topic |   Belt and Road Initiative

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Citi reported on Monday that its overall net income rose 2 per cent to US$4.71 billion in the first three months of the year, up from US$4.62 billion in the same period in 2017. Photo: Bloomberg
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Astana, Kazakhstan. South Korean President Moon Jae-in is to meet the leaders of Kazakhstan, Uzbekistan, and Turkmenistan over the next week. Photo: Bloomberg

South Korea’s Moon tries to leave US-China orbit, but lands back on Beijing’s belt and road

  • The South Korean president heads to Central Asia in bid to further energy deals and break free from a reliance on Washington and Beijing
  • But he will find it hard to escape the influence of China’s Belt and Road Initiative – and he’ll also need to navigate a roadblock: North Korea
Topic |   Belt and Road Initiative

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Astana, Kazakhstan. South Korean President Moon Jae-in is to meet the leaders of Kazakhstan, Uzbekistan, and Turkmenistan over the next week. Photo: Bloomberg
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