Mumbai: India is expected to be the second-biggest draw for global investments after the US during Donald Trump‘s second term as the president, a top Wall Street banker said. Investors, who are sitting on more than $3 trillion to deploy, would be choosy and there would be a divergence of flows between the public and…
NEW YORK (AP) — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the…
China’s Vice-Premier He Lifeng, the government’s top man on the financial industry, is scheduled to lead a delegation of senior bankers and officials to Hong Kong next week for the third annual conference of global financiers, according to sources familiar with the plans. He is expected to lead a contingent comprising the heads of China’s…
In This Story After a hectic week filled with major earnings reports, an AI summit, robotaxis, and key inflation data, this coming week will be shorter but still significant. California’s new $20 minimum wage for fast food workers didn’t cost jobs, study says Here’s what’s on the agenda for the week ahead. Is the stock…
Citigroup’s commercial banking arm will make strategic hires in Hong Kong under a newly introduced team structure, capitalising on mainland Chinese companies’ growing overseas expansion plans and foreign firms’ push in China, according to a top executive. The US bank is hiring selectively, especially for advisory services, while grooming its existing bankers to specialise and…
(Reuters) -Citigroup’s expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up a standalone securities firm because it hasn’t yet received a clearance letter…