Citi Financial News

Global Guardian CEO Col. Dale Buckner comments on threats facing the U.S. in China and the Middle East.

K-pop supergroup BTS will begin their 18-month military service in South Korea this week, joining three others already serving, with fans pledging to wait until 2025 for them to perform as a group again. A group of fans braved rainy weather on Monday to bid a temporary farewell to the seven-member band's leader, RM, and vocalist V in front of their boot camp in the central city of Nonsan.

Metro Rail Corporation Ltd (BMRCL) to provide €500 million (around ₹4,500 crore) in financial assistance for the expansion of the Bengaluru Metro. The funding, which includes loan and grants, will help the metro’s expansion plans as well as provide technical expertise to the metro project. KfW, which is looking to expand its funding for green energy and sustainable mobility projects in India, is also financing metro projects in Mumbai and Nagpur among other cities.

The purchase of Amicus Wealth brings 7IM's assets under management to approximately £22bn and brings the number of staff to more than 550.

BJP) has appointed Mohan Yadav as the new Chief Minister of Madhya Pradesh. While former Chief Minister Shivraj Singh Chouhan belongs to the OBC community, Yadav's appointment is seen as a strategic move to gain support from the Yadav community in politically crucial states like Uttar Pradesh, Bihar, and Haryana. The BJP has faced challenges in winning over the Yadav community, which plays a significant role in the Samajwadi Party in UP and the Rashtriya Janata Dal in Bihar.

Hyderabad with a rank of 153, Pune at 154 and Bengaluru in the 156th position are the three highest placed among Indian cities in Mercer's worldwide quality of living ranking for 2023 which rates Vienna in Austria at the top of the list. Chennai is the fourth Indian city in the list at the 161 spot followed by Mumbai at 164. Kolkata (170) and New Delhi (172). Mercer's Quality of Living data assesses the practicalities of daily life for expatriate employees and their families in assignment locations worldwide. Vienna retained its top position in the list, which was last published in pre-Covid 2019.

Pakistan's Khyber Pakhtunkhwa province. Some militants also opened fire and a shootout between them and security forces was still ongoing. The terrorists rammed an explosive-laden vehicle into the building of the police station, which was followed by a mortar attack.

Cost of Living LIVE Updates December 12: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Nilesh Shah, MD, Kotak AMC, says “no one would like to run a loss-making business for long. Today, we are doing this more as an experimentation with the bottom of the pyramid and ensuring that our technology, our communication, and our services are up to their expectations. But once we put in place the KYC cost and the transaction processing cost, then the industry will go all out in marketing this SIP. My dream as an AMC CEO will be to ensure that no Indians get lured by Ponzi schemes, but all become my industry's SIP investors and secure financial future.” The big trend which is happening is that SIP has become a household name now. It appears that now SEBI may look at taking a step forward for higher inclusion and reducing the minimum size to Rs 250. Will it make a lasting impression and much wider inclusion? From the AMC side, a Rs 500 SIP, how economic is it or is it that the larger, higher SIP part of the book, is subsidising this one because there are costs involved. What would you say?We have been running SIP for Rs 100 across our equity and fixed income fund. But as you correctly mentioned, it is a loss-making proposition for us. It is loss-making at two levels. One, typically people who are starting Rs 100, Rs 200, Rs 250 SIP are first-time investors into mutual funds and where we have to do KYC.

Local democracy in Hong Kong has been under scrutiny since 1997, when Britain returned this erstwhile colony to China on the latter’s pledge of letting freely elected leaders govern it. In this context, a voter turnout of just 27.5% in Hong Kong’s district elections, down from 71% in 2019, signals a backslide.

Afghanistan, as per the National Center for Seismology. Earlier in October, a powerful magnitude-6.3 earthquake followed by strong aftershocks killed hundreds of people in western Afghanistan, the country's national disaster authority said as reported by the Associated Press.

building in the Bronx. As reported by AP, the incident exposed apartments resembling a stack of shelves and partially buried a convenience store under bricks and wood.

Delhi registered air quality in the ‘very poor’ and ‘poor’ category. The Air quality in areas like Alipur stood at 324, Anand Vihar at 357, 356 at Ashok Vihar, 323 at Dwarka sector-8, 330 at ITO, 370 at Jahangirpuri, 337 at Narela, 352 at Punjabi Bagh, 356 at RK Puram, 319 at Rohini, 373 at Shadipur, 381 at Wazirpur. Some locations around the National Capital Region also recorded ‘very poor’ to ‘poor’ category air including Noida where AQI stood at 322, AQI in Greater Noida stood at 314.

cricket match at Kingsmead in Durban on Sunday, the second T20 at Gqeberha also faces a cloud of uncertainty as rain threat looms large. The match is scheduled to start at 8.30 pm IST. Suryakumar Yadav (capt), Yashasvi Jaiswal, Shubman Gill/Ruturaj Gaikwad, Shreyas Iyer, Rinku Singh, Jitesh Sharma (wk), Ravindra Jadeja, Deepak Chahar/Mukesh Kumar, Kuldeep Yadav/Ravi Bishnoi, Mohammed Siraj, Arshdeep Singh.

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Thousands of protesters are expected to gather in Brussels on Tuesday to protest what they perceive as new austerity measures as the 27 European Union countries discuss ways to overhaul rules on government spending

New York Democrats say the state will spend $1 billion to expand research into chip technology in an effort to turn upstate New York into a global center of semiconductor research and manufacturing

A Russian missile attack on Ukraine’s capital has destroyed several homes and left more than 100 households without electricity

Nat Habit, a direct-to-commerce beauty and wellness brand, has raised $10.2 million in a series B funding round led by Bertelsmann India Investments. The round also saw participation from existing investor Fireside Ventures, along with other investors including Amazon India Fund, Mirabilis Investment Trust and Sharrp Ventures, the company said in a statement on Monday.

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.

A suspect accused of murdering a 16-year-old cheerleader whose body was found days earlier in her bathtub has been arrested.