Citi Financial News

01.08 / 17:12

markets Citi Boeing Investors welcome rate cut but urge BoE to be vigilant as inflationary pressures 'still lurking'

With markets having already erred on the side of caution and priced in a small snip from the BoE, reaction was not dramatic from the City. Immediately after the BoE announced a 25 basis point slash, the FTSE 100 rallied to its highest level since markets opened this morning, reaching 8396.14, a figure that has since settled to around 8376, according to data from MarketWatch. The cut also stimulated boosts to interest rate sectors such as retail and property, «where the interest rate uncertainty has been a dark cloud hanging over these sectors for the last two years», said Tom Hopkin...

01.08 / 13:35

Citi MET Align Research show guidelines Updates Delhi breached WHO set annual air quality limit in Jan

Sunil Dahiya, a South Asia analyst at CREA, said, “This ongoing issue highlights the need for stronger regulations and a focus on reducing emissions. Using better technology and data can help control pollution.” He added, “India’s standards are more lenient than WHO’s, which can lead to long-term exposure to harmful particles. Research shows that even short-term exposure to PM2.5 in India poses significant health risks, suggesting that air quality standards need to be updated to better align with international guidelines to prevent diseases.”

01.08 / 11:58

markets UPS Citi Fox pandemic show reports Housing inventory just hit a post-pandemic high, and these cities saw the biggest boosts

Orlando-area realtor and TikTok creator Freddie Smith on Floridas pricey market and best advice for achieving homeownership.

01.08 / 08:42

Citi security Death War Calls for revenge at Iran funeral for Hamas chief Haniyeh

Iran held funeral processions on Thursday with calls for revenge after the killing in Tehran of Hamas political chief Ismail Haniyeh in a strike blamed on Israel.

01.08 / 07:51

UPS Citi Manufacturing Southern reports Warehouse leasing increases by 8% year-on-year

Warehouse space take up during H1 2024 witnessed an absorption of 16.6 Mn sq ft, an increase of 8% over the same period a year ago.

01.08 / 07:05

Citi community Freedom country rights Colleges Relationships US House resolution introduced on India-US strategic bilateral relationship

01.08 / 04:59

UPS Citi Booking reports travelers International Destinations Luxury resorts increase rates up to 60% for long weekends in August

₹37,500 a night for a regular room, about 15-25% higher than its usual rates, Mint found in its research. Similarly, pool view suites at the plush ITC Grand Bharat in a remote corner of Gurugram in Delhi-NCR will start from ₹32,000 a night excluding tax, which is ₹8,000 higher than its usual rate.

31.07 / 23:11

Citi Progressive Action Swimming aquatics Are full-body swimsuits allowed at the Paris Games? Know some interesting rules about swimming at the Olympics

Paris Olympics action is currently in progress with swimming being one of the primary actions here in the La Defense Arena in the city as Team USA and others are on the hunt for multiple gold medals from the various swimming events that lie ahead. Although, the road ahead seems quite tough for the athletes as the pools in France seem 'slow' to them, as they are not nearing world records quite easily, according to a previous ET report.

31.07 / 21:28

Citi Provident security Latin information reports Interviews Extortion and gang violence are hitting even big corporations and business leaders in Mexico

Even Mexico's largest corporations are now being hit by demands for protection payments from drug cartels, and gangs are increasingly trying to control the sales, distribution and pricing of certain goods

31.07 / 21:08

Citi CEO awards Investigations Utility chief in north Florida sentenced to 4 years in prison for privatization scheme

The former head of a north Florida public utility was sentenced to four years in prison for a scheme to privatize the authority which prosecutors said would have enriched himself and his associates by tens of millions of dollars at the expense of taxpa...

31.07 / 19:42

Citi security Bitcoin reports Investigations China’s Shaanxi Province Cracks Crypto Fraud Scheme, Arrests Four Despite Crypto Ban

Mainland China, known for its stringent regulations on cryptocurrencies like Bitcoin, continues to face challenges with crypto investment frauds. Despite the nation’s comprehensive crypto ban, fraudulent activities persist.

31.07 / 16:28

Citi security rock reports gatherings fencing Massive protests rock Balochistan over alleged attempts to turn China-backed Gwadar Port into military zone

Balochistan province over the administration’s decision to turn the area around the China-built Gwadar port into a military installation zone.

31.07 / 10:33

COST UPS Citi Fox wellness reports Department Inflation in the US is highest and lowest in these cities

O'Leary Ventures Chairman Kevin O'Leary reacts to the Biden administration’s latest claim that corporations are the cause of sky-high inflation on 'Varney & Co.'

31.07 / 09:01

Citi CEO Election Bitcoin US election Bitcoin 2024 Conference Yields $25M for Donald Trump’s Election Fund

Donald Trump, previously a crypto skeptic, managed to raise $25m at the Bitcoin 2024 conference in Nashville this past weekend, according to Bitcoin Magazine CEO David Bailey.

31.07 / 07:12

Citi IPO Aware Platform reports Schools International IPO-bound FirstCry reports 15% jump in FY24 revenue to Rs 6,481 crore, losses down 34%

IPO-bound baby and mother care products retailer FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24, while it reduced losses by 34% to Rs 321 crore during the same period, per regulatory filings sourced through business intelligence platform Tofler.

31.07 / 05:21

UPS Citi wellness track recommendations rights Look to the skies for more northern lights in Canada this week

aurora borealis this week.The U.S.’s National Oceanic and Atmospheric Administration (NOAA), which tracks space weather events, is anticipating that the northern lights will be visible as far south as Oregon and the U.S. Midwest, putting Canada right in the path for a spectacular light show.The peak of the solar storm is expected to come Tuesday night.

31.07 / 04:28

markets UPS Citi Freedom recommendations prevention What's stopping states from reducing stamp duty

Mint explains the significance of stamp duty revenue for states. States are left with fewer avenues to raise tax revenues independently after the introduction of goods and services tax (GST) in July 2017. Many state-level levies were subsumed into state GST.

31.07 / 01:14

markets COST Citi Provident show Schools Smaller cities are stealing the show in data centre expansion

India’s fast-expanding data centre industry is evolving beyond traditional hubs like Mumbai and Chennai, and expanding to emerging hotspots such as Kochi, Jaipur, Ahmedabad, Lucknow, Patna and Visakhapatnam as companies look to serve a growing but distributed user base across the country, executives from top companies said.

31.07 / 00:22

markets UPS Citi Apple Courts Investigations NYC's latest crackdown on illegal weed shops is finally shutting them down

Thousands of illegal marijuana shops have flourished in New York under lax enforcement, but new rules are allowing officials to quickly padlock doors

31.07 / 00:13

markets Citi CEO Landmark 2020 reports International Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor

Carmaker Stellantis has shipped the first electric vehicles produced under a joint venture with China’s Leapmotor to Europe, with the first models to go on sale next month

30.07 / 23:59

Citi CEO Tesla information reports Investigations Tesla in Seattle-area crash that killed motorcyclist was using self-driving system, authorities say

Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company’s “Full Self Driving” system

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