Citi Financial News

Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City, beginning Aug. 21

Floriana Peroni’s vintage clothing store had to close for a week during Europe’s heat wave last month

Russian drones have hit a Ukrainian port city along the border with Romania, causing significant damage and a huge fire at facilities that are key to Ukrainian grain exports

The United States has expressed concerns over major land reclamation projects in Manila Bay, where its heavily secured embassy sits on one edge

The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course ahead.

Premier League striker Harry Kane is not far behind. As the transfer window deadline approaches, Harry Kane remains a player of Tottenham, but it seems unlikely to last much longer as Bayern Munich shows interest. Despite face-to-face talks on Monday, no resolution was reached, and it increasingly looks like a matter of «when» rather than «if» the England international will make the move to Bavaria. The two clubs' valuations still have a significant gap of about £20 million, depending on the deal's terms and structure. However, the fact that there is a gap in valuations is a significant point from the negotiations. Unlike in the past, Tottenham's valuation of Kane is not considered «priceless» anymore, especially with less than a year left on his contract, as per a report in CBS.

India Inc dislikes more than experiencing unease of doing business, it is publicly acknowledging unease of doing business. Like negotiating a tricky marriage, it prefers to keep its difficulties and frustrations ‘inside’, lest an admission of facing impediments is construed as ‘weakness,’ or even ‘failure’. So, while internally there may be much handwringing — whether pertaining to sectoral GST slabs, or other policy bumps on the road — externallyfacing, it is business as usual.

Govinda deactivated his social media account on Wednesday evening after a post on the recent Gurugram violence incurred the fury of trolls. The popular actor had shared a post on Twitter (now X) - purportedly about Muslim shops being looted in the city - and sparked instant debate in the comment section.

Rao Inderjit Singh on Wednesday said the dangebazi (rioting) in Nuh and Gurugram could impact the investment in the Millennium City. He added the atmosphere in the VHP yatra became so charged that it created tensions. Singh, an MP from Gurugram Lok Sabha constituency under which Nuh also falls, said it is unfortunate that «riots happened in the area which did not witness any dangebazi (rioting) even during the partition.» Both Singh and Haryana's deputy chief minister Dushyant Chautala have expressed their reservations in handling of the situation by police.

Delhi services ordinance, NCP founder and Rajya Sabha member Sharad Pawar said on Wednesday. The Union government had on Tuesday tabled the contentious bill in Lok Sabha to replace the Delhi services ordinance amid vociferous protests by opposition members, who termed it a «murder of democracy», evoking a sharp retort of «politically motivated» jibe from Home Minister Amit Shah.

Relationship headlines have started to read a bit like Mad Libs. “Sofía Vergara and Joe Manganiello Announce Divorce After Seven Years of Marriage." “Ariana Grande and Dalton Gomez Divorcing After Two Years of Marriage." “Ricky Martin and Jwan Yosef Announce Divorce After Six Years of Marriage." Behind all those announcements is a busy summer for divorce lawyers juggling a slew of high-profile splits and a wave of anxiety from celebrity clients. Summers are always stressful.

The soaring cost of Canada’s housing has become a major political problem for Prime Minister Justin Trudeau as his chief rival zeros in on generational grievances over affordability.

bank profitability in the next couple of years, consultancy firm McKinsey & Co said. It expects banks' return on asset (RoA) to drop to 0.80% to 1% range in the next two years from 1.1% at the end of fiscal 2023. McKinsey expects the structural re-allocation of household savings away from deposits to hit deposit growth which together with high inflation will keep banks’ cost of funds on a upward bias.

Reliance Jio has successfully tested 5G services on both 26 GHz or millimetre (mmWave) band and 3300 MHz spectrum in Gujarat, becoming the first telco to achieve the feat. The Department of Telecommunications (DoT’s) Gujarat service area wing carried out the successful testing to check minimum rollout obligations.

LONDON (Reuters) — The British public's expectations for future inflation fell in July, U.S. bank Citi said on Wednesday, offering some relief to the Bank of England which is expected to announce its 14th back-to-back interest rate increase on Thursday.

By Linda Pasquini and Helen Reid

Edward Price is principal at Ergo, a global intelligence, consulting, and forecasting firm. A former British trade official, he also teaches at New York University’s Center for Global Affairs.

Hong Kong’s notoriously expensive property market is often seen as a barometer of the city’s economy. It isn’t looking good. Home prices are down.

Indian expats won big this week in the UAE, with the first one getting Dh20 million in prize money while the other won Dh1 million at the latest Mahzooz Draw in Dubai, reported Gulf News. Feeling absolutely thrilled and happy after winning the big prizes, both winners have also urged others to try their luck at the draw. The first winner is Sachin, who originally comes from the city of Mumbai and is currently working as a CAD technician for a private company.

Liverpool and Bayern Munich are against each other in a pre-season friendly match at the Singapore National Stadium on August 2, 2023. Both teams will use the opportunity to assess new signings and gain crucial match minutes ahead of the upcoming season.

alliance with homegrown DSP Group, but left in May 2018, when the mutual fund was the ninth-largest in India. It isn’t alone. In the past two decades, at least 15 asset management firms of global repute—promoted by banks, insurance companies, investment banks—have walked away from the Indian mutual fund sector.