Citi Financial News

Interim Newcrest Mining chief executive Sherry Duhe has taken to social media to assure former Fortescue chief financial officer Christine Morris that she made a “very wise” decision to quit the iron ore miner last month.

border crossing reopened on Friday after being closed for nine days following firing between guards on both sides, a senior Pakistani official told Reuters. Thousands of travellers and hundreds of trucks laden with goods were left stranded last week by the closure the Torkham border crossing, at the western end of the fabled Khyber Pass. «It's opened for pedestrian and vehicular traffic,» Abdul Nasir Khan, Deputy Commissioner of Pakistan's Khyber district, told Reuters. A security official in Torkham said talks between the two sides had resolved the issue that sparked the clashes.

RBI holiday calendar, banks will remain closed 18 September in Bengaluru, Chennai, Hyderabad - Telangana on the occasion of Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi. On 19 September, Banks will remain closed in Ahmedabad, Belapur, Bhubaneswar, Mumbai, Nagpur, Panaji on the occasion of Ganesh Chaturthi/Samvatsari (Chaturthi Paksha). While on 20 September, Banks will remain closed on the occasion of Ganesh Chaturthi (2nd day)/Nuakhai in Bhubaneswar and Panaji.

North Korean leader Kim Jong Un stopped in a far eastern Russian city Friday to see a factory that builds the country's most advanced fighter jets on his extended trip that hints at his interest in sophisticated weaponry, as the U.S. and others warned Moscow and Pyongyang against making banned weapons transfer deals. Kim's visits to Russian weapons and technology sites and meetings with President Vladimir Putin have raised speculation he will supply ammunition to Russia for its war efforts in Ukraine in exchange for receiving advanced weapons or technology from Russia as the two nations deepen their ties while both are increasingly isolated and sanctioned in separate confrontations with the West. Russia's state news agency RIA Novosti published video showing Kim's armored train pulling into a station in the city of Komsomolsk-on-Amur and Kim's convoy sweeping out of the station shortly afterward.

₹58,674.00 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,724, and a low of ₹58,673. Around 9.30 a.m., MCX Gold for October 5 delivery traded 0.17 per cent higher at ₹58689 per 10 grams.

The MCX October gold futures were trading up by Rs 106 or 0.18% from the Thursday closing price at Rs 58,694 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,433 per kg, higher by Rs 451 or 0.64%. Dollar Index (DXY) crossed the 105 mark on Thursday against the basket of six top currencies taking sheen away from the yellow metal. On Comex, gold futures were trading at $1,930 per troy ounce on Friday, down by $1.70 or 0.09% while Silver futures were at $23.030, lower by $0.151 or 0.650%. The rates were down as the dollar movement has an inverse relation with the price movement in gold. Amit Khare, Associate Vice President at Ganganagar Commodity Limited (GCL) Broking sees bullions making bottom on the daily charts and trading near the demand zone with momentum Indicator RSI indicating the same. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level at Rs 58,500-58,300 while keeping the stop loss near the support levels and booking profit near the resistance of Rs 58,800-59,000. Analyst Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies said that the daily chart of October gold futures suggests that the yellow metal was trading below the 50 and 100-day Exponential Moving Averages (EMA) while retaining the crucial Rs 58,300 level. «If it does break below this level, we can expect further downward movement.

Delhi rain updates: Parts of Delhi and the National Capital Region (NCR) including Noida woke up to rain with gusty winds on Friday morning i.e. on 15 September. Areas like MG Road in Haryana's Gurugram, Connaught Place, parts of South West Delhi, including Vasant Vihar, Munirka, and RK Puram also experienced light rainfall in the early hours today.

Bond Exchange (BBX), the securities solutions management unit of the global investment bank said on Friday. BBX, which was launched in 2020 to simplify bond investing, is the world's first fractional bond exchange. The deal will enable Citi's clients who meet a certain criteria, to become participants on the exchange and trade bonds, with the investment bank providing settlement and custodial services. «The proprietary digital custody technology is scalable and will allow us to provide settlement and custody services for clients investing in assets issued on permissioned blockchain networks and digital financial management information systems (FMIs),» said Nadine Teychenne, head of digital assets for Citi Securities Services. The recent partnership is an extension to Citi being initially chosen by BBX in 2021 to act as a custodian for the underlying bonds issued and traded on its exchange as fractionalized assets. «Digital Custody is the next big step in the transformation of the bond market, making bond markets, more transparent, electronic and accessible to all,» said Rahul Banerjee, CEO and co-founder of BondbloX.

Delhi-NCR on Friday morning, bringing an unexpected change in weather to the national capital. Parts of Noida were also hit by a squall followed by heavy rain. The India Meteorological Department (IMD) had forecasted rain for Delhi on both Friday and Saturday.

Russia have agreed to train Indian seafarers in the polar and Arctic waters. The decision was arrived at during talks to widen maritime cooperation in the Russian Pacific port city of Vladivostok on Wednesday. The talks also focussed on the use of new transport corridors such as the Northern Sea Route via the Arctic (Vladivostok-Chennai route). Discussions on India-Russia maritime cooperation gained momentum when ports, shipping and waterways minister Sarbananda Sonowal met Russian minister for development of the Far East and Arctic A O Chekunkov in Vladivostok on Wednesday.

Libya's coastal city of Derna has soared to 11,300 as search efforts continue following a massive flood fed by the breaching of two dams in heavy rains, the Libyan Red Crescent said Thursday. Marie el-Drese, the aid group's secretary-general, told The Associated Press by phone that a further 10,100 people are reported missing in the Mediterranean city. Health authorities previously put the death toll in Derna at 5,500.

Kim Jong Un visited an aeronautics factory Friday on his tour of Russia's far east following his summit with President Vladimir Putin. Two days after meeting Putin at a spaceport, amid speculation they would agree an arms deal, Kim's bullet-proof train arrived in Komsomolsk-on-Amur, Russian news agencies reported. Kim is in the city, an important Russian industrial centre, to visit an aviation firm producing military and civil equipment. The RIA Novosti news agency published footage of Kim's train arriving in the city, with the red carpet rolled out to greet him. He was met with flowers, music, a dance group and ceremonial loaves of bread, the Interfax agency said. Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome on Wednesday. Putin said on television Wednesday that Kim «will visit factories where civilian and combat aviation equipment is produced» in Komsomolsk-on-Amur. His visit to Russia's far east comes as US officials and experts have said Moscow is interested in buying North Korean ammunition to use in the conflict in Ukraine — an arms deal that would defy global sanctions. Kim's visit will last a few more days, Kremlin spokesman Dmitry Peskov announced on Thursday, without giving further details.

Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation. Technology staff working on overlapping functions are also at risk of being laid off, one of the people said.Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who declined to be identified discussing personnel matters. One-on-one meetings about departures were also starting, one of the sources said. Citigroup declined to comment. The conversations come after the third largest U.S.

parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.

Libya flood updates: The Libyan Red Crescent said that the death toll in Libya's coastal city of Derna has soared to 11,300 as the search efforts continue. However, local officials suggested that the death toll could be much higher than announced, The Associated Press has reported. Daniel, an unusually strong Mediterranean storm, caused deadly flooding in communities across eastern Libya, the worst-hit was Derna.

FIFA Best Men's Coach Award 2023? The nominations for the coach award have been unveiled with Pep Guardiola leading the shortlist. Others who have made it to the shortlist include Barcelona boss Xavi Hernandez, who won the league title in his first full season as in-charge of the club. AC Milan manager Simone Inzaghi, former Napoli boss Luciano Spalletti and Ange Postecoglou are on the shortlist. Ange Postecoglou won a historic treble with Celtic last season and is now managing Tottenham. Pep Guardiola made history last season when he became the first man to win trebles. He won trophies with two different clubs after guiding Manchester City to success at home and abroad. The Manchester City manager also made it to the shortlist last year but finished behind Argentina coach Lionel Scaloni, who took away the top prize after winning the World Cup in Qatar.

GALLATIN GATEWAY, Mont.—Fifth-generation rancher Bayard Black has a lot of city folks looking to pay top dollar to rent his spread in the mountains near Yellowstone National Park. He can thank John Dutton in part for that. The runaway popularity of the “Yellowstone" TV series, starring Kevin Costner as rancher patriarch Dutton, has helped spur interest among tourists to spend time on real ranches.

A Mediterranean city dotted with historic mosques and the ruins of a nearby Byzantine church, Derna was once a haven for artists and intellectuals in Libya. Now, it is a wasteland after a deadly storm caused floods that broke dams, swept entire buildings out to sea and killed thousands of people. The natural disaster was decades in the making—a result of years of official neglect of two nearby dams during the authoritarian regime of Moammar Gadhafi and the political crisis and war since his ouster in a 2011 revolution.

Within Denver’s Washington Park neighborhood, an enclave south of downtown where the median house listing price is just over $2 million, quintessential manicured American lawns roll out in front of historic brick bungalows, restored Victorians and contemporary new builds. Then there is Lisa Negri’s yard, which sits adjacent to her three-bedroom, two-bathroom bungalow where she’s lived since 2012. “It looks like nature," says Negri, 66, a retired engineer.

Spain's Women's World Cup winning coach Jorge Vilda was left off the short-list of nominees for the annual FIFA awards announced Thursday, a week after he was fired following a global uproar in the wake of the final. Vilda was not among five candidates for the Best Women's Coach Award for 2023, which did include England coach Sarina Wiegman, whose team lost the final to Spain. The candidates were picked by a FIFA-appointed expert panel that included United States great Mia Hamm. Spain forward Jenni Hermoso, who was kissed by now-disgraced and ousted Spanish football federation president Luis Rubiales after the final, is one of four Spain players who are among the 16 candidates for the women's player of the year award.

The storied Italian lagoon city of Venice escaped inclusion on UNESCO’s list of world heritage in danger during a meeting of the World Heritage Committee in Saudia Arabia on Thursday, as member states commended efforts to preserve both the storied and ...