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The Latest Breaking News from Citi

Axis Bank completes acquisition of Citi's India consumer business in Rs 11,603-crore deal

NEW DELHI: Private sector lender Axis Bank on Wednesday announced that it has completed acquisition of Citibank's consumer business and non-banking financial company (NBFC) consumer business.

The Times of India

UK inflation could fall below 2% this year, Citi forecasts

Falling gas prices and CPI decline could boost public finances before 2024 general election

The Guardian - UK

Global Citizen conference to unite political leaders, celebs

Advocacy group Global Citizen will convene political, philanthropic, business and cultural leaders for a thought leadership conference in New York to tackle extreme poverty more quickly

The Independent UK

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Citibank is offering up to $2,000 for new checking account customers.

But there's a catch: You'll need to deposit at least $300,000 to qualify for the bank's bonus.

Fortune

Why your company may soon be hiring an 'ESG controller'

Some major companies are hiring for the position to meet climate change disclosure requirements.

Fortune

Advice from a Swiftie on Beyoncé tix

It's going to be the hottest tour this summer, and I survived the presale for the second hottest. Here's how

Salon

How to score tickets to Beyoncé's Renaissance tour using your Citi card

For Citi cardholders, the key to getting a front row seat to Queen Bey may be easier than you think.

Fortune

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Isn’t it time your checking account paid you back?

Want to earn some extra cash on a new checking account? Here are 10 accounts with cash bonuses.

Fortune

Citi is ordering its low-performing remote workers back to the office

Low performers don't get to work remotely, CEO Jane Fraser said at Davos.

Fortune

The difference between points, miles, and cash back—plus some of the major benefits and drawbacks

Credit card rewards can help you save big, but not all rewards cards are built equally. Here’s how to choose.

Fortune

Meet Pietro Beccari: The new CEO of Louis Vuitton

French luxury house, Louis Vuitton Malletier, also known as Louis Vuitton is witnessing a management change. The chairman of the company, Bernard Arnault has reshuffled top management. Now, Pietro Beccari, who has been the head of Dior since 2018, will replace long-time Louis Vuitton CEO Michael Burke and Bernard has…

The Times of India

LVMH Names New Louis Vuitton CEO, Puts Arnault Daughter in Charge of Dior

LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is…

Asharq Al-Awsat

Mergers shake up the landscape

Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

Bangkok Post

Biggest CEO successes and setbacks: 2022’s triumphs and 2023’s challenges

How the likes of Satya Nadella, Elon Musk, Mark Zuckerberg, and Cathie Wood did in 2022–and the challenges that await them in 2023.

Fortune

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WEKU

New York GOP leader calls accusation of faked bio for new GOP House member 'serious'

Rep.-elect George Santos won a House seat on Long Island in November but now much of his biography and resume appear to have been invented.

Fortune

Citi CEO Jane Fraser: ‘If grandma’s investing in crypto, we better have protections in place.’

Until investor protections are established, traditional banking won't fully jump into the crypto fray.

Reuters

China to make 'substantial' COVID policy changes soon - ex-govt expert

China will make substantial changes to its "dynamic-zero" COVID-19 policy in coming months, a former Chinese disease control official told a conference hosted by Citi on Friday, according to a recording of the session heard by Reuters.

Bangkok Post

UOBT wants to double its local retail customer base

United Overseas Bank (Thai) or UOBT has set an ambitious goal to double its retail customer base in the Thai market over the next several years after an integration between UOB Group and Citigroup's consumer banking businesses.

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news in one place.

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Benzinga

Big-Name Banks Test Out Climate for Chinese U.S. Listings with Atour Application

Key Takeaways: Atour could become the biggest U.S. IPO by a Chinese firm in more than a year with its latest listing application to raise more than $300 million

Al Jazeera

OPEC+ cuts oil production by 2m barrels a day despite US pressure

US expresses disappointment in move that could spur an increase in oil prices, which had dropped in recent months.

Reuters

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.

Asharq Al-Awsat

Oil Price Dips as Dollar Strengthens, Demand Weakens

Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the faltering economic outlook clouding market sentiment. Brent crude futures fell 41 cents, or 0.5%, to $88.91 per barrel by…

Evening Standard

Keir Starmer calls for emergency Parliament recoil amid turmoil in UK financial markets

‘What the Government needs to do now is recall Parliament and abandon this budget’

Daily Mirror

Shoppers paying 10.6% more for food than a year ago as inflation hits record high

Shop prices rose by 5.7% in September, up from 5.1% in August. Food price inflation soared past last month's 9.3% to 10.6%, driven by the war in Ukraine which is pushing up prices

Reuters

U.S. bank CEOs back Fed hikes during congressional grilling on economy, China ties

The country's top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday.

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