Search Results for: Citi
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Asian shares higher as earnings lift Wall Street
July 15th, 2014
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...
China banks suspend controversial yuan remittance scheme
July 15th, 2014
Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal ...
Asian shares firm, count on Fed’s support
July 15th, 2014
Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere relying substantially on ...
Lufthansa says to cut Venezuela flights amid forex dispute
July 15th, 2014
German airline Lufthansa (LHAG.DE) said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales. Carriers, including American Airlines, Delta and United, have in ...
European Stocks Advance With Asia as Gold, Oil Retreat
July 14th, 2014
European and Asian stocks advanced with U.S. equity-index futures after a gauge of global shares suffered its biggest weekly loss in three months. Gold fell from a four-month high, corn slid a 10th day and oil dropped as the ...
Goldman Stays Gold Bear as Bullish Wagers Increase: Commodities
July 14th, 2014
Goldman Sachs Group Inc.’s Jeffrey Currie isn’t backing down from his bearish call on gold. As bullion’s 11 percent rally this year beats gains for equities, commodities and Treasuries, he’s sticking with the view that the metal will be ...
US and EU trade talks to resume
July 14th, 2014
Officials from the European Union and the US will spend this week in Brussels trying to make progress negotiating a controversial trade deal. The Trans-Atlantic Trade and Investment Partnership (TTIP) aims to stimulate commerce by reducing barriers such as ...
Asian shares nudge higher, oil nurses losses
July 14th, 2014
Asian shares rose on Monday as euro zone banking jitters faded, but investors remained cautious ahead of corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve. MSCI’s broadest index of ...
China charges GSK-linked investigators for illegally obtaining private information
July 14th, 2014
Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline Plc. ...
