The Free Press was honored Wednesday as having one of the best business news reports in the nation in 2009, winning an overall excellence award in the Society of American Business Editors and Writers’ Best in Business contest. Continued here: Free Press Business news honored (Detroit Free Press)

March 4 (Bloomberg) — South Africa plans to establish a “special” anti-corruption unit to deepen the country’s fight against graft, Business Day reported, citing Public Service and Administration Minister Richard Baloyi. Link: South Africa Plans New Anti-Corruption Unit, Business Day Says (Bloomberg)

Bahrain-based Gulf Finance House earlier today completed the partial extension of a $100 million facility. We consider this as another “distressed exchange” due to partial extension of initial maturity. Read more from the original source: Bahrain-Based Gulf Finance House Raised to ‘CCC-/C’; Outlook Negative (Zawya)

March 4 (Bloomberg) — Citigroup Inc. , the bank minority- owned by the U.S. government, is boosting its commodities business over the next three years with plans to increase staff about 40 percent. See the article here: Citigroup to Boost Commodities Business, Adding 100 Employees (Bloomberg)

March 4 (Bloomberg) — Citigroup Inc. , the bank minority- owned by the U.S. government, is boosting its commodities business over the next three years with plans to increase staff about 40 percent. Visit link: Citigroup to Boost Commodities Business, Adding 100 Employees (Bloomberg)

BEIJING, March 4 (Reuters) – China has punished seven banks after loans that they made were misused for stock investments, and the banking regulator instructed them to immediately recall this credit, a local newspaper reported on Thursday. See the original post: China punishes 7 banks for loans misused on stocks (Reuters via Yahoo! Asia News)