City Western Financial News

21.08 / 17:39

Manufacturing Pandemic Bolsters China’s Position as the World’s Manufacturer

For all the talk in Western capitals of reducing reliance on Chinese factories, China has in the past two years consolidated its position as the world’s dominant supplier of manufactured goods.

11.12 / 09:03

Blockchain Digital economy Trade International De-dollarization debate: The US-led West should rethink its dollar diplomacy

Subscribe to enjoy similar stories. Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money.

24.11 / 12:05

markets Citi Digital Experts country beautiful travelers From bustling cities to breathtaking landscape: Kazakhstan’s growing attractiveness for Indian travelers

Kazakhstan based on its visa free regime for Indians and facilities is attracting many Indians. The flow of Indian tourists has ‘rocketed’ to Central Asia’s biggest and resource rich state of Kazakhstan since the country introduced a 14-day visa-free regime for Indian citizens in 2022. The numbers have seen a sharp increase with an increase in the number of daily flights in the recent months between the two sides. In 2023 over 50,000 Indians visited Kazakhstan. A three-hour flight is the air distance between New Delhi and the historic and modern city Almaty that offers all facilities of a Western city coupled with ropeways and ski resorts.

17.10 / 01:49

Citi FIVE awards travelers Department International 5 big airlines will share new long-haul flights to Reagan National Airport near Washington

Five airlines are poised to win permission for new new long-haul flights to Ronald Reagan Washington National Airport

03.09 / 07:59

markets Waves Target WhatsApp country Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a «more selective, less constructive» view of other commodities. «Imminent Fed rate cuts are poised to bring Western capital back into the gold market, a component largely absent of the sharp gold rally observed in the last two years,» Goldman analysts said on Monday in a note titled 'Go for Gold'. Spot gold has gained 21% so far this year, breaking successive records and hitting a historic high of $2,531.60 per ounce on Aug. 20.

19.08 / 07:45

MET Trade country reports Relationships PM Narendra Modi to visit Ukraine, confirms MEA; will be his first visit since Russian invasion

Ukraine, the External Affairs Ministry said today. It will be Modi's first trip to the war-torn country since its conflict with Russia and about a month after he met President Vladimir Putin in Moscow. Details of the trip will be shared later in the day, Reuters reported quoting the foreign ministry. Modi is expected to visit Ukraine between August 21 and 23, ET had reported earlier. It comes just over a month after Modi visited Russia and Austria. Western capitals have imposed sanctions on Moscow following its invasion of Ukraine in 2022, but friendly nations such as India and China have continued to trade with it.

12.06 / 16:53

markets UPS Manufacturing Trade country Latin Can China’s export machine run without the West?

China’s exports are still going strong. That has created tension with the West and led to a new wave of tariffs on its eclectic vehicles. But it is also reshaping global trade.

01.04 / 01:37

Fighting Election President Experts social Bangladesh PM fights back against Opposition BNP’s "India Out" campaign

Bangladesh Prime Minister Sheikh Hasina is fighting back against the Opposition BNP’s India-Out campaign and has advised the BNP leaders and their families to first ban India made products in their homes before launching the malicious campaign. Last week Hasina launched an attack on BNP’s “India-Out” campaign on the occasion of the country’s Independence Day on March 26 advising the leaders of the Opposition party to first shun India made products at home and highlighted that even most kitchen items in Bangladesh are bought from India. “How many Indian saris do their wives have?” Hasina asked in a reference to BNP leaders at an event in Dhaka organised on the occasion of the country’s Independence Day observed on March 26.

19.03 / 15:09

markets CEO Apple economy Qualcomm wellness gatherings American CEOs Get Ready to Go to Beijing. But Who Will Receive Them?

It is the time of year when throngs of Western corporate chieftains and big-name investors descend on Beijing to pay homage to China’s leadership. This time, the focus will be just as much on who is there to greet them. Chief executives including Tim Cook of Apple, Cristiano Amon of Qualcomm, Albert Bourla of Pfizer and Stephen Schwarzman of Blackstone, as well as Bridgewater Associates founder Ray Dalio, are expected to attend the annual government-sponsored China Development Forum that starts on Sunday in Beijing, according to people familiar with the matter.

13.11 / 12:05

IPO Reuters President TMK stage IPOs Factbox-Russian companies' scaled-down IPOs in 2023

(Reuters) — Gold miner Uzhuralzoloto (UGC) set the price range on Monday for its initial public offering (IPO) on the Moscow Exchange, the latest in a series of small capital raises by Russian companies as they adjust to life without Western capital.

21.08 / 16:01

UPS FIVE Platform country We face hard options on the BRICS architecture

BRICS group of countries starts on Tuesday in South Africa, the only add-on member of what began as a quartet of Brazil, Russia, India and China, which formed the original ‘BRIC’ coined by Goldman Sachs two decades ago by clubbing together hot emerging markets for global investors to bet on. Such summitry has been a regular feature since 2009, and its most notable achievement has been the Shanghai-based New Development Bank set up by the group as a multilateral lender, an alternative to the West-led World Bank and International Monetary Fund. What’s new is the context: a geopolitical upheaval is underway in the post-Ukraine-war world.

17.01 / 16:03

Apple Alexei Navalny: Jailed Kremlin critic marks a year since returning to Russia

Monday marks a year since Russian authorities detained prominent government critic Alexei Navalny on arrival from Germany, where he was recovering from a poisoning attack he and the West blame on the Kremlin.

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