City But Financial News

12.03 / 07:05

markets IPO FIVE Digital Strategy Analysis wellness Soaring gold prices put government in a pickle over upcoming bond payouts

Subscribe to enjoy similar stories. While equities have been sliding since late 2024, gold has been on a tear. The run-up in gold prices means the union government faces a much higher liability on payouts in its sovereign gold bond (SGB) scheme, which was introduced in 2015 and raised funds in 67 tranches.

31.12 / 02:07

markets UPS economy Trade song Updates We cannot afford any complacency: Even a new year free of shake-ups would test our resolve

John Lennon wrote and recorded a song in 1975 with these evocative lyrics: So this is Christmas/ What have you done?/ Another year over/ And a new one just begun. This song was part of his anti-war activism, but the words could apply to various causes.As the sun sets on 2025 and the calendar gets reset for 2026, it might be worthwhile to take a moment to reflect upon what whizzed past as a means of getting a better handle on what awaits us.

20.02 / 22:19

UPS JPMorgan Citigroup Discover wellness pandemic travelers Americans' reliance on credit cards is the key to Capital One's bid for Discover

Americans have become increasingly reliant on their credit cards since the pandemic

07.12 / 16:33

Citi Citizens economy pandemic reports isolate gatherings Hong Kong’s return from isolation is gathering pace but a long road lies ahead

Hong Kong, a city whose blazing night skyline encircles a mystical harbour, was once the defining metaphor of a bustling Asian metropolis. Those images became visual shorthand for the rise of Asia and even the ‘Chinese Century.’ Now, all is change. For the past few months, the Hong Kong government has felt compelled to launch a ‘Night Vibes’ campaign to get more of the local population out at night.

01.12 / 21:14

IPO Pool BAY Bill performer blues reports Bank bonuses climb 9% in Canada, at odds with Bay Street blues

Canada’s largest banks set aside nine per cent more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.

07.11 / 17:43

economy show country reports testing Posthaste: The risk of forced home sales is rising in Canada, warns economist

A chill has settled over Canada’s housing market and the big fear of any downturn is that heavily indebted homeowners will be forced to sell, fuelling a downward spiral.

25.09 / 16:05

UPS Provident Target economy country gatherings Trillions in Climate Funds Could Sow Turmoil in Poor Nations

PARIS—A tsunami of cash is headed for developing countries to address climate change—and with it growing worries that the money will overwhelm the poorer economies it is meant to help. Wealthy nations are preparing a plan to send more than a trillion dollars each year to the developing world by 2030, a flood of foreign investment that would be unprecedented in modern history.

10.08 / 05:03

UPS Citi Waters Extreme show Explainer Explainer-What are China's 'sponge cities' and why aren't they stopping the floods?

The initiative was launched to boost flood resilience in major cities and make better use of rainwater through architectural, engineering and infrastructural tweaks. But cities remain vulnerable to heavy rain. In July alone, floods and related geological disasters caused 142 deaths and disappearances, destroyed 2,300 homes and caused direct economic losses of 15.78 billion yuan ($2.19 billion), China's emergency ministry said on Monday.

30.07 / 21:33

Citi Twitter CEO Platform Tesla Musk draws heat from San Francisco over giant X logo

By Nicholas P. Brown

30.04 / 20:21

business Gaming Funding VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance (DeFi) and blockchain infrastructure.

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