Citi Financial News

Middle East. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' surprise attack on Israel as well as Fed officials' overnight comments. After dropping 15 basis points at the open, 10-year yields were 12.5 bps lower at 4.66% at 1235 GMT. Two-year yields also dived more than 13 bps to a one-month low of 4.926% as short-term rate expectations were dialled back. Yields fall when bond prices rally. Fed Vice Chair Philip Jefferson and Dallas Fed president Lorie Logan both noted on Monday that the recent run-up in yields may reduce the need for further interest rate hikes. «If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening,» Logan said. Analysts at Citi noted Logan has been one of the strongest advocates that the Fed would need to follow through with further tightening, but interpreted her remarks as suggesting that higher long-term rates curtail the need for short-end hikes. Implied futures pricing has reduced the probability of another rate hike this year from above 40% last week to about 26% on Tuesday, according to CME's FedWatch tool. The Mideast conflict, already claiming more than 1,500 lives, drove bond yields lower globally on Monday as investors turned to safe-haven assets.

The U

By Doyinsola Oladipo

Rihanna headed out in New York City to celebrate A$AP Rocky's recent birthday. The couple appeared stylish as they marked the rapper's 35th birthday, a few days after his actual birthday on October 3. The rapper wore a light-colored jacket and slacks, while Rihanna donned denim pants and a jacket, pairing it with a tied white button-up, a visible black bra, dark sunglasses, and a massive jewel-encrusted ring on her left ring finger. It remains uncertain if the ring signifies an engagement. Rihanna and A$AP Rocky, who are parents to sons RZA and Riot Rose, were seen dancing together in a couple of videos shared on Twitter. One video showed them engaging in a dance-off to the tune of «Throw Sum Mo» by Rae Sremmurd, Nicki Minaj and Young Thug. This birthday gathering occurred soon after Drake released his album «For All the Dogs,» leading fans to believe he dissed Rihanna with lyrics like, «Why they make it sound like I’m still hung up on you?/ That could never be …» While neither Rihanna nor A$AP Rocky have publicly responded to Drake's remarks, fans took to social media to criticize Drake on Rihanna's behalf.

The Albuquerque International Balloon Fiesta is bringing colorful displays to the New Mexico sky

People are digging through the rubble from the quake in western Afghanistan

Lexington Candy Shop has had a line outside for over a year since a TikTok of its Coke float went viral

By Daina Beth Solomon

Legendary investing guru Peter Lynch popularized the idea of investing in what you know and what you see with your own two eyes. So when financial advisors view the half-empty office buildings right in front of them, should they also be seeing an investment opportunity for their clients?

MG Motor India plans to overhaul its dealership network by closing underperforming ones and opening new dealers in newer locations ahead of a potential alliance between its Chinese parent and a private company owned by JSW Group chairman Sajjan Jindal, people aware of the development told ET. The maker of Hector and Astor SUVs also assured its dealers on the sustenance of its Indian operations and brand MG post the deal, the automaker informed the dealer partners last week. The company also touched upon plans to launch new models and variants and expand the overall capacity in its communication to the dealers.

Investing.com — Gold settled above the mid $1,800 level on Monday in response to the Israel-Hamas war, but the rally in the safe-haven would depend on how far the crisis expands to impact oil and other global markets, analysts said.

World Cup is set to bring cheer to temp and gig workers by creating up to 100,000 additional jobs and boosting salaries. The demand for manpower for the duration of the tournament being held in India is expected to range from 50,000 to 100,000 workers, according to estimates of recruitment services providers Persolkelly, CIEL HR and TeamLease. Another staffing firm, Randstad India said companies are witnessing at least 40% increase in salaries of gig and temp workers amid rising demand during the World Cup as well as the festive season. Yeshab Giri, chief commercial officer of staffing and Randstad technologies at Randstad India, said the firm expects «anywhere between 40-60% increase in salaries for gig workers in the middle to high-income bracket of ₹40,000 to ₹1,50,000 per month». Kartik Narayan, CEO staffing at TeamLease Services, said, «Food and beverages, grocery, ecommerce, and hotel accommodation industries are ramping up hiring temporary employees.» Ripple effect will also include a jump in demand for television sets, high-speed internet connections, over-the-top (OTT) subscriptions, and online ticket sales, he said. Roles in demand include event managers, coordinators, executives for customer support, sales, merchandising, maintenance staff, bouncers, ground staff, housekeeping and security staff, technology service providers, ushers, ticket takers, concession stand workers, hospitality staff, transportation staff, and delivery partners. Demand for workers in hospitality, merchandising, facility management, and field sales are largely concentrated in cities selected as the World Cup venues while delivery agents and sales executives are required across the country.

Investing.com — Crude prices were up 4% Monday as the latest Middle East crisis  reintroduced geopolitical risk into the oil trade in a way unseen in years, resetting markets that just days ago were depressed more by concerns over the global economy.

New Delhi: Pujari Hotel, a small wayside dhaba on the highway connecting Sitapur to Lakhimpur, two cities in eastern Uttar Pradesh, has a menu that can surprise you— vegetable Maggi: ₹35; butter Maggi: ₹50; paneer Maggi: ₹55. The hotel’s owner, Mayaram, once made a living selling daal-rice and kachori. A year back, he switched to selling Maggi, the instant noodle brand from Nestle India Ltd that quickly rose to become urban India’s favourite comfort food since it was introduced over four decades ago, in the 1980s.

Zainab Abbas, part of the ICC digital team covering the ODI World Cup, on Monday left India after facing backlash on social media over her alleged anti-India posts in the past but the sport's governing body insisted that she left the country due to personal reasons. Zainab left India from Hyderabad where she was deputed to cover Pakistan's three World Cup games in the city.

RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets.

all seats will be polling on November 23. The Rajasthan Assembly Election 2023 Result will be declared on December 3. Issue of gazette notification: October 30 Last date of file nominations: November 6 Last date for withdrawal of candidatures: November 9 Polling date: November 23 Counting date: December 3 Madhya Pradesh has 230 Assembly constituencies and all seats will be polling on November 17.

Mumbai, 21/09/23 — iDigitalise, a leading technology and digital marketing solution agency, is thrilled to announce the opening of its first overseas office in the vibrant city of Tirana, Albania. This significant milestone represents a strategic move to enhance our global presence and better serve our clients in the region. The new office in Albania is a testament to iDigitalise's commitment to providing innovative and cutting-edge digital solutions to businesses worldwide.

By Jorgelina do Rosario

By Steven Scheer and Ari Rabinovitch

The real estate sector holds a crucial position in any nation’s economy, its influence extending from employment creation to overall economic growth. However, this sector’s dynamics are intricately tied to various factors, notably policy and regulatory alterations. Governments, over the years, have initiated regulatory reforms to streamline the real estate industry, aiming for heightened transparency, stakeholder protection, and economic advancement. Predictions indicate that by 2030, India is set to rise as the world’s third-largest real estate market, reaching an impressive value of USD 1 trillion. This constitutes a significant chunk, about 18-20 percent, of India’s GDP.