With much-anticipated trade actions against China absent on the first day of US President Donald Trump’s second term, a chief Citi economist said there are better odds of “delayed, gradual tariffs” being imposed on the world’s second-largest economy in advance of potential direct negotiations between the two countries’ leaders. A slower onset of tariffs on…
Citibank is reportedly dealing with technical issues around fraud alerts, long wait times for customer calls to its fraud department, and access to its mobile app. Customers of the bank have been talking about these problems on X, and hundreds of users have flagged the issues on the website DownDetector.com, CNBC reported Wednesday (Jan. 15)….
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
The price of oil could hit $120 a barrel by early 2025, according to Citi. That’s according to the bank’s bull case, which assumes conflict in the Middle East escalates. Israel-Iran tensions have oil traders on edge as they keep an eye on potential supply disruptions. Thanks for signing up! Access your favorite topics in…