Citi Financial News

New Zealand Earthquake: An earthquake of 6.0 magnitude, the largest in the country this year, struck near Geraldine in the centre of New Zealand’s South Island on Thursday, government seismic monitor Geonet said on Wednesday as reported by Reuters. As per initial reports, no injuries or significant damage has been indicated. The earthquake hit at 9.14 am (2114 GMT) Wednesday at a focal depth of 11 km (7 miles).

A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office. Former U.S.

Bengaluru are set to go up from next month, as the state government is mulling an increase in ‘guidance value’. Karnataka Revenue Minister Krishna Byre Gowda on September 19 said that the new revised "guidance value" of properties will come into force from October 1. The guidance value is the minimum selling price of a property fixed by the government, depending on the locality and type of structure.

When Jane Fraser last week announced her plan to reorganize Citi and possibly eliminate some talented people in the process, the implication was that it might be a while before it came to fruition. The realignment wasexpected to take 30 days with the actual cuts to be announced next year (said the Financial Times). And yet, Citi has cut people today.

As Citi prepares to restructure the bank along the lineslaid out last week by CEO Jane Fraser (fewer divisions, fewer regional heads, probably alot of cuts in controls and technology), some people inside the bank say they'd like more appreciation. 

To clarify from the start: if you work for HSBC in London or Hong Kong and you want the bank to pay for your nanny, it is not going to happen. Only some HSBC people get the nanny, and they are in India. But as perks make a comeback, it is something to aspire to.

Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.

Investigators say a blast that prompted evacuations near Union Pacific's massive railyard in western Nebraska last week appears to be accidental

A former U.S. congressman from Indiana has been sentenced to 22 months in prison for making illegal stock trades based on inside information while working as a consultant after he left office

NEW DELHI : Bilateral ties between India and Canada hang in the balance after India on Tuesday dismissed as “absurd and motivated" Canadian Prime Minister Justin Trudeau’s claim of a “potential link" between Indian government agents and the killing of Khalistani leader Hardeep Singh Nijjar in June, and the two countries carried out tit-for-tat expulsions of senior diplomats. Trudeau’s claim will further damage bilateral relations, which are already at an all-time low over the activities of pro-Khalistan elements in Canada, including holding a so-called referendum on a separate homeland for Sikhs, targeting of Indian diplomatic premises, and incitement of violence against top Indian officials.

Delhi Master Plan 2041, which is still awaiting the final government clearance, is anticipated to generate economic opportunities totalling $100 billion in the next two decades, as per an analysis by a think tank. The Delhi Master Plan is expected to unlock real estate opportunities in 165 Delhi villages, potentially raising Delhi's per capita income to ₹4 lakh, as per the analysis by think tank Delhi Consortium. This represents a 47% increase from the ₹2.72 lakh per capita income reported in the 2022-23 Economic Survey of Delhi. «There is an urgent need for approval of Delhi Master Plan 2041, as the Delhi Land Reforms Act 1954 is the biggest impediment to the planned development of Delhi.

The playoff-bound Tampa Bay Rays put the finishing touches on plans for a new 30,000-seat ballpark in St. Petersburg

An Amazon driver is in serious condition after being bitten by a rattlesnake while making a delivery to a Florida home

startups. “That’s just one factors, there are other factors in terms of our journey. There are obviously implications of us going for an IPO, so I think all those factors are being evaluated including macros and the overall market." Unicommerce offers end-to-end fulfilment solutions, such as procurement, multi-vendor management, inventory, multichannel solutions, reporting, warehouses, drop shipments, inventory management and returns to brands for retailers across online channels.

New Delhi: German plumbing materials and sanitary fittings manufacturer Hansgrohe, known for its premium faucets and showers, is set to expand its presence in the Indian bathroom solutions market with the launch of new ceramics line. In an exclusive interview, the German brand’s India managing director, Gaurav Malhotra talked about the company’s plans to introduce 64 new ceramics designs to the Indian market by 2023-end, as a part of its strategy to provide a full range of bathroom solutions to Indian consumers. While faucets and showers constitute the bulk of its business, Hansgrohe sees opportunity to leverage its brand reputation for luxury fixtures catering to aspirational consumers.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.

foreign degree and career, spike in candidates from Tier 2/3 cities, and foreign institutes stepping up focus on the country with enhanced financial aid/scholarships, leading study abroad consultants told ET. The record Indian surge comes amid a decline in student applicants from China. For study abroad platform Leverage Edu too, the fall intake has been the largest ever.

China's Foreign Ministry has asked all foreign consulates in Hong Kong to provide the personal details of their locally employed staff, as Beijing tightens its control over the semi-autonomous city. The Commissioner's Office of the Foreign Ministry, in a letter seen by The Associated Press, asked the consulates to provide staffers' names, job titles, residential addresses, identity card numbers and travel document numbers «in line with the Vienna Convention on Consular Relations and general international practice.» The letter, dated Monday and addressed to all consulate posts and the Office of the European Union, stated that they should comply with the request by Oct. 18, and that the details of staffers who are employed in the future should be furnished within 15 days. It wasn't clear whether China furnishes details of its staff in foreign missions to other countries. The request comes as Beijing has tightened control over Hong Kong in recent years following its imposition of a sweeping national security law aimed at stamping out dissent. Governments in the West have criticized the law as a dismantling of Hong Kong's political freedoms and civil society.

Swift is in the process of working with central banks and financial institutions on beta tests of an experimental method for interlinking CBDCs with existing fiat infrastructures. The cooperative’s Nick Kerigan argued that interoperability should be front of mind early on in the CBDC development process in order to avoid some of the issues that have been seen with national payment systems. David Ballaschk from the Deutsche Bundesbank and Hariram Chakraborthy Janakiraman from ANZ agreed that we will not see a standard CBDC, and that interoperability is the best that can be hoped for.

life insurance by themselves, according to a recent data analysis by PolicyBazaar. Term life insurance is gaining popularity among homemakers, despite the fact that they don't have any fixed source of income. The data found that 45% of homemakers are actively involved in the decision-making process with their husbands when purchasing term insurance for themselves.

Grand Theft Auto history, according to reports. The GTA 6 fan base has been on the edge of their seats, eagerly awaiting any official announcement from Rockstar regarding the game. While the developer has remained tight-lipped about specifics, leaks have managed to generate substantial excitement around the game. Last year, a significant hack led to the viral circulation of early gameplay footage, offering a sneak peek into numerous details about the upcoming GTA installment. Fans have been meticulously dissecting every frame, searching for hidden clues. A year later, a comprehensive document containing all the leaked information has made its way across the internet, shedding light on details about Vice City that may have been previously overlooked. One exciting revelation from the document is that GTA VI will feature more enterable buildings than any other game in the series. Although the leaked footage showcased only a handful of locations, it hints at the expansive and immersive game world, allowing players to explore numerous new areas. Of particular interest are the pawn shops, which seem to be linked to a returning gameplay feature from GTA V: robberies. However, in GTA 6, these heists appear to be receiving significant enhancements, promising a thrilling and engaging gaming experience.