City London Financial News

20.03 / 03:09

Citi security Universities recommendations Schools International China's central bank reshuffles monetary policy committee

BEIJING (Reuters) -China's central bank said it has reshuffled its monetary policy committee to include securities regulator head Wu Qing, vice central bank chief Xuan Changneng and two new academic members.

19.03 / 13:09

markets UPS Citi Aware country Department SBI to shift global back office from Kolkata to Mumbai

State Bank of India is likely to shift its centralised global back office and some other foreign exchange related departments from Kolkata to Mumbai, the country's financial capital, in yet another move to centralize operations. The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York. The bank has not formally announced the move but started preparing grounds for it, three people aware of the development said.

19.03 / 12:03

Dogecoin Digital ETF wellness Trade Bitcoin Grayscale posts largest outflows since switch to ETF

Bitcoin extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund for the token as well as scaled-back expectations for Federal Reserve interest-rate cuts.

18.03 / 19:49

Entertainment audience social classical stars reports Commentary British dark comedy 'Hapless' lands on Peacock: Here’s when you can watch it

British dark comedy series, "Hapless," makes its way to the United States, courtesy of Peacock. Developed by the renowned filmmaker Gary Sinyor, known for his work on New Line's «The Bachelor» and «Leon the Pig Farmer,» this offbeat comedy promises to entertain audiences with its unique brand of humor. As per a report by Collider, starring Tim Downie, recognized for his roles in «Outlander» and «Good Omens,» among others, «Hapless» will debut both seasons on Peacock from April 10.

18.03 / 10:23

markets UPS DOW economy show reports Stock market today: World stocks higher ahead of US and Japan rate decisions

Asian stocks have advanced and European markets started the day with gains ahead of policy decisions this week by Japan’s central bank and the Federal Reserve

18.03 / 07:55

markets UPS economy Boeing Election wellness Take Five: New kid, old block

(Reuters) -The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico.

17.03 / 11:17

COST Citi FIVE Art Pool community Luxury members-only club Soho House to expand presence in India

NEW DELHI : Soho House is looking to expand its presence in India by adding two more ‘houses’ to its existing business here in the next few years, a senior executive of the global hotel chain said. The luxury members-only club -- which currently operates its 'house' in an asset-light model out of an 11-storied townhouse in Mumbai — first began operations in 1995 in London. The company's current membership costs about ₹1.6 lakh per annum for individuals if they want to enroll for just one house (say the one in Mumbai) and ₹3.1 lakh for all-house access.

15.03 / 15:09

COST students Universities show travelers International British pound’s spike to burn a hole in the pockets of UK-bound students from India

risen considerably against Indian rupee in the past few weeks, Indian students travelling to the UK for overseas education later this year stare at a tougher (er.. expensive) times ahead. With pound going upward from ₹100 per unit to ₹105 per unit in the recent past, the cost of foreign education of UK-bound students has undoubtedly seen a considerable jump.

15.03 / 10:13

markets UPS Dash DOW economy Trade reports Stock market today: World markets are mostly lower after retreat on Wall Street

Shares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon

15.03 / 01:33

UPS Citi Provident Aviat Airlines Traffic International Adani Group's $2.1 billion Navi Mumbai Airport to boost India's aviation ambitions

Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China. For Gautam Adani, it’s a test of whether he can put India on the global aviation map. The airport, with a lotus-shaped design mimicking India’s national flower as well as the election symbol for Modi’s party, should start operations in March next year with a capacity for 20 million passengers a year.

14.03 / 18:29

MET Career Platform PINK Chanel Celebrity London Museum to pay tribute to supermodel Naomi Campbell's glorious career through an exhibition

catwalk is getting her own exhibition. The Victoria and Albert Museum in London is launching «NAOMI: In Fashion», a celebration of Naomi Campbell's enduring career. The exhibition, which opens in June, will showcase memorable designer outfits worn by Campbell, one of the most recognisable models and Black women in the world. «I'm honoured to be asked by the V&A to share my life in clothes with the world,» Campbell, 53, said in a statement. Sonnet Stanfill, a fashion curator at the museum, called Campbell «one of the most prolific and influential figures in contemporary culture.»

14.03 / 11:41

UPS Citi Citigroup Trade song reports Citigroup's EMEA equities changes raise questions about some traders

Citigroup's EMEA equities team has gone back to the future. Financial News reported today that Marc Francis has been appointed head of high touch equities trading at the bank in London. It's not the first time he's been in that seat.

14.03 / 11:41

UPS Apple Food President poverty reports Goldman Sachs' fruit and veg stall coincided with the disappearance of free bananas

The availability, or not, of free fruit, has long been the sort of thing to evoke excitement among people working in investment banks. It's not so much the potential to eat unlimited bananas without paying as the principle behind that potential: your employer values you and your health so much that it will fund your consumption of healthy snacks.

14.03 / 11:41

markets UPS Provident Action Discrimination Courts Morning Coffee: Barclays bankers’ long list of grievances comes to nothing. UBS's latest layoffs are nothing new

As your grandparents might have told you, “once you find a single reason to be angry about something, you won’t have trouble finding dozens more”. Seldom has there been a better example of this proverb in action than the UK Employment Tribunal case which was recently decided largely in favour of Barclays and against three of its staff.

14.03 / 11:41

markets COST UPS Experts Inside stars Deutsche Bank's nice low-ego survivor has been cut, and it's emotional

James Davies has had a long innings at Deutsche Bank. He joined Deutsche in 2000 as a self-described «earnest young lawyer» in London, and he's leaving 24 years later after his most recent stint as chairman of the investment and corporate banks' American executive committee in New York.

13.03 / 20:39

markets Citi Bill President Actor Freedom prevention UK government says it will back legislation to ban foreign state ownership of British newspapers

The U.K. government says it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates consortium of the Telegraph Media Group

13.03 / 20:39

markets Provident MET Cooper Trade 2020 UK and Texas pledge closer trade ties. A wider deal with the US government has stalled

Britain has signed a trade agreement with Texas

13.03 / 20:15

Platform Boxing wellness film Oscar Updates International Godzilla x Kong: The New Empire release date, poster, tickets: Latest updates

Godzilla x Kong: The New Empire" is all set to hit theatres this month. Ahead of the much-awaited release date, makers have unveiled stunning dolby first look. With this, tickets of «Godzilla x Kong: The New Empire» have gone for sale. Fans can buy tickets.

13.03 / 15:11

Provident awards Morningstar performer Investment Week reveals finalists for Fund Manager of the Year Awards 2024

A flagship event for the investment industry for nearly three decades, the Investment Week Fund Manager of the Year Awards honour fund managers who have demonstrated consistently strong performance for investors. We will announce the winners at a special ceremony on 20 June at the Marriott Grosvenor House Hotel in London. Our awards shortlists are constructed using data provided by our partner, Morningstar. The award winners are then decided by a panel of more than 60 fund selectors drawn from across the investment industry, who judge categories in their specialist areas of interest...

13.03 / 07:35

Provident Software hospital Leo Puri named Apax Partners adviser and chairman of India arm

Anurag Sud, head of Apax India, and the India investment team, to provide mentorship, strategic advice on operational input, and in assessing new investment opportunities, the firm added. Sud will continue to lead and manage day-to-day operations in India, with support from London-based partner Rohan Haldea, it said.

12.03 / 16:09

markets COST UPS CEO Gap Strategy US growth strategy will take time, says UBS CEO

UBS Group chief executive Sergio Ermotti said catching up with Wall Street giants in the US will take time, as the bank seeks to build its product offering in the world’s largest wealth market.

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