Citi Financial News

The major banks have survived APRA’s stress tests underscoring the strength of the banking system in a hard landing scenario of 10 per cent unemployment, high inflation, and a one-third decline in house prices.

PRINCETON (MINNEAPOLIS) : Five law enforcement officers were shot and wounded Thursday morning in an incident near the east-central Minnesota city of Princeton, authorities said. The suspect was not in custody and the incident was ongoing hours later. Three of the officers were taken to North Memorial Hospital in the Minneapolis suburb of Robbinsdale while two were taken to a hospital in St.

NFL player Sergio Brown, missing since his mother's tragic death last month, has been apprehended and is set to face first-degree murder charges related to the killing of his 73-year-old mother, Myrtle Brown. The arrest warrant was issued by Maywood, Illinois police, and Brown, who was found in Mexico, is awaiting extradition from San Diego, California, to Illinois.

Home prices should remain relatively stable throughout the rest of the year, according to Royal LePage, which is downgrading its end-of-year forecast amid slower real estate activity and high rates of borrowing.

The best time to buy real estate was 20 years ago. The second-best time is today. —Warren Buffett International investment guru Buffett’s quote holds true not just for the baby boomers but millennials as well.

hair transplants in Turkey have become extremely popular, but why so? There are several reasons for this, and today we’ll discuss them, so stick around. Istanbul is the largest city in Turkey, and it’s the home to over 300 hair clinics. Naturally, most people looking to get hair transplants come to Istanbul.

real estate market, staying ahead of the curve is vital for investors looking to make informed decisions. The Indian real estate sector has experienced profound transformations over the past few decades.

Nirmala Sitharaman on Thursday met Brazil's Minister of Economy Fernando Haddad and discussed various issues of mutual interest, including the strengthening of Multilateral Development Banks (MDBs). She also met UK Chancellor of Exchequer Jeremy Hunt and discussed Bilateral Investment Treaty among other issues.

Saudi Arabia said on Thursday it was investigating reports of grim conditions for migrant workers at Amazon warehouses in the kingdom, denouncing all labour abuse and exploitation as «unacceptable». The human resources and social development ministry said in a statement to AFP that the investigation began before Amnesty International this week reported that Nepalese Amazon workers in Saudi Arabia had suffered «appalling» living conditions, on-the-job safety risks and wage theft. «Any form of labour abuse or exploitation is unacceptable and is comprehensively investigated by the relevant Saudi authorities,» the statement said. «The distressing reports outlined in this case are already the subject of an ongoing investigation.» The Amnesty report published on Tuesday drew from the accounts of 22 men who had worked in warehouses in Riyadh or the Red Sea city of Jeddah going back to 2021. The London-based human rights group accused recruitment agents and two Saudi labour supply companies of deceiving migrant workers who thought they would be employed directly by Amazon and took out steep loans to pay recruitment fees. Upon arrival in Saudi Arabia they encountered «dirty and overcrowded accommodation, sometimes infested with bed bugs» as well as «gruelling» working conditions marked by constant monitoring and inadequate rest, sometimes resulting in injury, Amnesty said. The abuses were so severe they likely amounted to "human trafficking for the purposes of labour exploitation", Amnesty said. The kingdom's «kafala» sponsorship system for foreign workers meant the labourers struggled to leave the warehouse jobs and risked possible arrest for «absconding», Amnesty said, adding that «a few contemplated suicide». Saudi

Hundreds of people were evacuated from their homes in Argentina’s central Córdoba province on Tuesday as wildfires grew amid an intense heat wave.

Syria's state television said Israel launched attacks on the main airports in the capital Damascus and the northern city of Aleppo on Thursday. Local media channel Sham FM said Syrian air defences were launched in response to both attacks.

Belgium’s prime minister says his country, which has the biggest interest in the global diamond trade in the European Union, is supporting a ban on Russian diamonds as part of sanctions targeting President Vladimir Putin’s government for its war agains...

Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to Barclays Plc’s chief executive officer. 

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement.

Tata Starbucks has opened its island store surrounded by the vistas of Arabian Sea in the coastal town of Alibaug in an attempt to serve high-quality Arabica coffees to local customers and meet the demand from global travellers to the city, the JV announced on Thursday. Located at a vantage spot at the M2M Ferry Terminal in Alibaug, the new store will present Starbucks coffees sourced and brewed from around the world, the coffeehouse said in a release, adding that its menu will also feature favourite Indian beverages including South Indian Filter Coffee, Masala Chai, and Elaichi Chai. The seaside town has had tremendous growth in both infrastructure and economic development over the years, making it a popular weekend retreat and more so like a second home for the Mumbaikars.

Federal Reserve officials were split over whether they would need to raise interest rates again this year when they decided last month to hold their benchmark policy rate steady. “A majority of participants judged that one more increase in the target federal-funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted," said the minutes from the Fed’s Sept. 19-20 policy meeting released Wednesday.

The Reserve Bank of India had recently announced the withdrawal of Rs 2,000 notes from circulation. The public was asked to deposit the notes and the deadline was also extended. The extended deadline for exchanging or depositing Rs 2,000 notes was October 7, 2023. After the deadline, the central bank had stated that exchange of notes will not be allowed.

In a groundbreaking shift in the Indian real estate industry, the demand for luxury homes has outpaced that of affordable housing for the first time in India. This momentous development emerged during the July-September quarter, as revealed in a recent report by real estate consultancy Knight Frank.

Zomato hit its 52-week high of ₹113.25 in intraday deals today (October 12, 2023) on the back of a positive growth outlook by two brokerage houses that see an upside of up to 47 percent. The stock has bounced back strongly in the current year after a weak show last year. The stock has jumped over 89 percent this year so far.

Tamil Nadu government announced an increase in tax rates for new two-wheelers, cars, and other vehicles. As per a TOI report, this move is expected to raise the overall cost of vehicles in the state.

Delhi has been experiencing unusually hot days this October, with maximum temperatures reaching around 36 degrees Celsius. As per a TOI report, Meteorological officials attribute this heat to clear skies and the absence of rain and cloudiness.