Citi Financial News

Breitbart’s John Carney evaluates the state of the economy under President Biden on 'Kudlow.'

Real estate expert Rogers Healy says Fort Worth is a 'major player' as Texas city's commercial real estate grows despite struggles across country on 'The Bottom Line.' 

Former United Airlines CEO Oscar Munoz discusses a government report blaming airlines for cancellations, retention in employees, and his new book, «Turnaround Time.»

LONDON (Reuters) -The British public's expectations for inflation over the coming year rose in June but long-run expectations eased, according to a survey that will feed into the Bank of England's next debate about how high it needs to raise interest rates.

Operations jobs in investment banks have a seemingly well-deserved reputation for being a bit dull. When Goldman Sachs managing director Rebecca Anderton-Davies worked in operations, she found it very boring. "I didn’t love the work, which mainly involved repetitive tasks such as checking the basic time/date/amount/account details against the equivalent entries from other banks," she wrote in her recent autobiography, observing that it was — however, better than her previous job of stacking supermarket shelves. 

Someone at Bank of America possibly deserves to lose their bonus or their job, and that person is very senior.

The Supreme Court on Monday came down heavily on the Delhi government for its inability to provide funds for construction of the Regional Rapid Transit System (RRTS) project and directed it to furnish details of funds spent on advertisements in the last three financial years.

Singapore might not be as amazing for foreigners after all.

Sometimes you stick around for five years waiting for a promotion. Sometimes you say screw it and join the French competitor on the other side of town. So it seems to go if you’re Heinz Wenzel, at least.

Mahindra Lifespaces Developers Ltd (MLDL), the real estate and infrastructure development business of the Mahindra Group, today announced its foray into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai.

NDR Warehousing (“NDR”), one of India’s largest warehouse development and operating platforms. This comes after Investcorp led a $55 million investment round in NDR Warehousing last year.

Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the Southeast Asian city-state into one of the richest countries in the world. In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.

«So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures,» says Ashish Chauhan, MD & CEO, NSE.For NSE it is like Diwali has come three months early right, it is that kind of a moment.In a way this was a long cherished dream to bring the markets on shore from where they had gone which is called offshoring and of course there were strategic reasons for a country to have pricing of its assets, especially important assets like markets and that is what the IFSC was created for to compete with the best and the brightest international services zone like Singapore or Dubai or Hong Kong.

Jinan, China, says all of its bus routes now accept digital yuan pay, and will incentivize adoption by granting discounts to central bank digital currency (CBDC)-paying passengers.

NCP MLA Rohit Pawar, the grandnephew of party chief Sharad Pawar, on Monday claimed senior leaders had an inkling of BJP's «intention» to break the party, but were clueless about Ajit Pawar's swift move to join hands with the ruling alliance. Speaking to reporters in Maharashtra's Pune city, Rohit Pawar said he is firmly with NCP chief Sharad Pawar. On Sunday, Ajit Pawar led a vertical split in the NCP to become the deputy chief minister, shocking his uncle Sharad Pawar, who founded the party 24 years ago. Eight NCP leaders were also sworn in as ministers in the Eknath Shinde-Bharatiya Janata Party (BJP) government. Reacting to the developments, Rohit Pawar, the grandson of Sharad Pawar's elder brother Appasaheb Pawar, said, «We had no clue of Ajit Pawar joining hands with BJP. But the BJP was keen on breaking the NCP. We knew this much.» «However, going by all these developments, we wonder whether people like me made a mistake by joining politics,» he added.

By Ankur Banerjee

«So now, markets will always surprise you by either doing this earlier or later but I think pretty much if you look at our earnings multiple number and it is really not something very difficult,» says Nitin Raheja, Julius Baer.Is20,000 on the cards?If you look at a long term history in terms of how markets have traded historically related to nominal GDP growth and the PE multiplier, if you took a one year forward view that yes, 20,000 is where you should be, especially after the kind of consolidation that we had seen over the last two years. So now, markets will always surprise you by either doing this earlier or later but I think pretty much if you look at our earnings multiple number and it is really not something very difficult.

A battle for top London lawyers, fuelled by the gravy train of private equity fees and competition from US law firms, has pushed pay above $10m for more City specialists than ever before.

LOS ANGELES (Reuters) — Thousands of hotel workers in Los Angeles, California, went on strike on Sunday morning as they pushed for better wages and benefits, kicking off what was expected to be one of the largest U.S. hotel strikes in recent history.

Nahel M by a police officer, in Nanterre near Paris last Tuesday, has sparked rioting across France. It has lit a fuse that is lighting others. It has also returned the spotlight on a long-festering issue in France, and across many parts of the democratic world: police brutality, administrative neglect and sectarian imbalance leading to moments of tipping over.

Gen Z are 50% more likely to buy products based on a friend's recommendation than that of an influencer or a celebrity endorsement. This indicates a shift in the perception of content creators and their 'influence' on the demographic cohort that also forms one of the largest audience groups on most social media and content platforms. In its Not all Gen Z report, Yuvaa--a youth media, insights and impact company--exclusively shared this and other findings with ET on the behaviour and ideologies of the generation born between 1997 and 2012.