Citi Financial News

JP Morgan bond index, but a senior Citi executive said that number may be topped as the US Federal Reserve is likely to start cutting rates soon, turning Indian debt into a favourite within the emerging markets (EM) pack. «The last US inflation reading was softer than what the market expected, so we actually think that the Fed might commence with the rate cut cycle from September and could maybe do three rate cuts this year itself,» Aditya Bagree, head, markets, Citi-India & Indian subcontinent, told ET. «What generally does happen with US rate cuts is that EM bond funds attract more investment. As investments increase in EM bond funds, a part of that — almost 10% — will now get allocated to India. So, this $2 billion number can increase because of that,» he said.

France has always been at the center of enthusiasm around sports, most importantly in soccer, as its national team is one of the top ranked in the entire world. As the Paris Olympics kicks in, which promised to initially be a worthwhile investment, boosting the country's economy as well as tourism, it is now facing growing concerns of things not actually matching the checklist.

MUMBAI: Nielsen Media, a global major in audience measurement and analytics, has picked up an office space spread over four floors in a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over 10 years. The total rental outgo for the company for the over 152,000 sq-ft office space in commercial tower Oberoi Commerz III, part of larger layout Oberoi Garden City, will be more than Rs 465 crore over 10 years without factoring in any rental escalation. The agreement includes a clause to escalate lease rentals by 15% every three years and a five-year lock-in period.

Axis Bank which has completed migration of Citibank customers to its systems on Monday faced glitches during the process. Several erstwhile Citi customers took to social media to complaint that they were unable to access their accounts on the Axis platform while a few others said they were unable to login to the Axis app despite spending hours to complete the registration. “Extremely poor support for Citi card holders migrated to Axis bank, not able to login to Axis bank by the ID provided, neither Citibank website login available,” one user Sandeep Sansanwal complained on microblogging site X (formerly Twitter). Another user named Ayan Samdar posted on X, “thanking for ruining the Citibank experience. Posting this 47 mins into hold for customer care. Internet banking doesn’t work. Wrong details migrated. Where is the redressal?.”

inclusion in a JP Morgan bond index, but a senior Citi executive feels that number may be topped as the Fed is likely to start cutting rates soon, turning Indian debt into a favourite within the emerging markets pack. “The last US inflation reading was softer than what the market expected, so we actually think that the Fed might commence with the rate cut cycle from September and could maybe do three rate cuts this year itself,” Aditya Bagree, head, markets, Citi — India & Indian subcontinent, told ET in an interview.

assassination of former US President Donald Trump who is the presumptive presidential nominee of the Republican Party on Saturday. One such video which has been shared by Collin Rugg on X (formerly Twitter) shows how Trump was saved by a whisker. It is often that split second that makes the differences between life and death and it appeared to be the same in the case of Trump. What may have saved Trump’s life is a policy that he often espouses at all meetings and for which he was heavily criticized during his first term.

Over the years I have started reading the inside pages of newspapers more carefully, given that the news that’s published on a front page is typically available on digital media much before it is published the next morning.

Russian Army continues its operation in Ukraine, the soldiers march on using 'Made in Bihar' boots manufactured in Hajipur. Bihar's Hajipur city, known for its agricultural production, is writing its own story by manufacturing safety shoes for the Russian army, which has an acclaimed international presence. Hajipur-based Competence Exports, a private limited company, makes safety shoes for companies based in Russia and designer shoes catering to European markets.

Subject to regulatory approval, Gooden will also become co-portfolio manager of the Global Natural Resources fund alongside George Cheveley and Dawid Heyl, who have worked on the strategy since its 2008 inception. He is set to replace Tom Nelson, who is resigning from his portfolio management responsibilities to focus on his family business. However, he will remain at Ninety One in an advisory capacity. In his previous role at Fidelity, Gooden worked as an analyst and headed up the Global Energy and Global Clean Energy funds. Prior to that, he had a three-year stint at Citi, served as...

workspace provider Incuspaze, has leased 115,000 sq ft in Bangalore’s Whitefield. “With our ongoing expansion in Bangalore and our plans for Chennai and Hyderabad, we are committed to providing tailored workspace solutions that support the diverse needs of our clients,” said said Sanjay Choudhary, founder and CEO of Incuspaze. Incuspaze is set to expand its portfolio in southern India, with ORR micro market in Bangalore and further entering key markets in Chennai and Hyderabad. As part of its growth plan, the company is targeting over 2 million square feet of workspace take-up over the next two years.

China’s extraordinary growth over three decades was fuelled by exports and domestic capital spending. At the peak, it enjoyed an 8% net export surplus consistently, which led to an accumulation of massive foreign exchange. On the other hand, its very high domestic savings rate was deployed to build infrastructure and expand industry.

BARCELONA—Tourists to popular European destinations have encountered signs that locals wish they’d go elsewhere. Nearly 3,000 protesters marched through La Rambla, this city’s tourism epicenter, last week. They sprayed people with water from colorful squirt guns.

Venice is wrapping up a pilot program charging day-trippers a 5-euro entrance fee

With around 350,000 homes and businesses still without power in the Houston area almost a week after Hurricane Beryl hit Texas, Gov. Greg Abbott says he’s demanding an investigation into the response of the utility that serves the Houston area

construction technology and the implementation of the Real Estate Regulatory Authority (RERA), ensuring home buyers receive their homes on time, according to a report by a real estate consulting firm. In the top seven cities, the average completion time for smaller projects of fewer than 500 units is now four years, while larger projects with more than 500 units take about 4.9 years to complete, as per data from Anarock. The market share of large and listed developers has also increased significantly, contributing to the timely delivery of projects, the report noted.

Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Power and state-owned NTPC are among 15 companies that have submitted formal expressions of interest (EOIs) for giving a resolution plan to take over the debt-laden Sinnar Thermal Power near Nashik in Maharashtra. The 1,350 MW power plant, a subsidiary of RattanIndia Power, was initially developed by Indiabulls Power. It is a rare power producer readily available in India where building a green field project is both time-consuming and costly. Bidders have till later this month to submit an initial resolution plan, which will include a ₹10 crore deposit, people familiar with the matter said.

luxury brands to take note. Industry insiders said Hyderabad is now snapping at the heels of Delhi and Mumbai and is a market to watch out for. «In 2012, we had only three entrants from Hyderabad on the Hurun Rich list. Fast forward to 2023, and that number has surged to 87,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.

Shivraj Singh Chouhan on Sunday alleged that the JMM and the Congress had made a total of 461 promises in their manifestos before the previous assembly elections in Jharkhand but those were «nothing but a bundle of lies». The BJP election in-charge for Jharkhand was in Ranchi to attend a party programme. «JMM had made 144 promises to the people in its manifesto, while the Congress had made 317 promises. In all, the alliance had made 461 promises but those were nothing but a bundle of lies,» Chouhan said while speaking to reporters at the BJP headquarters here. He said that the JMM, in its manifesto, had promised to provide lakhs of jobs and unemployment allowances of Rs 5,000 to Rs 7,000 to youths.

When NBA contract extensions make news these days, it’s usually for their eye-popping sums. Today’s top deals are worth hundreds of millions of dollars, paying the league’s best players upwards of $50 million per season. But the contract news that shook up the league on Friday was of an altogether different sort.

Lupin was shot there), even as Paris gears up for about 15 million visitors for the Olympics later this month. At home, Tamil Nadu introduced permits for tourists wanting to visit its overburdened, fragile towns in the Western Ghats, in Nilgiris and Kodaikanal. Goans have long demanded curbs on untrammelled tourism which impacts their environment and makes their cities and villages unliveable.