newszine

Citigroup stands by card strategy despite economic clouds

7 days ago DieselGasoil Comments Off on Citigroup stands by card strategy despite economic clouds
NEW YORK (Reuters) – Some Wall Street analysts have begun to question whether Citigroup Inc’s (C.N) big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly. Balance transfer envelopes are pictured in a Reuters office in New York, U.S., September 5, 2019. Picture Read More

Citigroup tempers net interest income guidance

2 weeks ago DieselGasoil Comments Off on Citigroup tempers net interest income guidance
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren (Reuters) – Citigroup Inc (C.N) said on Monday that it expects net interest income to be up between 3% and 4% for the year, compared with prior guidance of 4% Read More

Saudi Aramco lines up banks, eyes local listing this year: sources

2 weeks ago DieselGasoil Comments Off on Saudi Aramco lines up banks, eyes local listing this year: sources
DUBAI (Reuters) – Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering (IPO), a source familiar with the transaction said. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Read More

Saudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba: source

2 weeks ago DieselGasoil Comments Off on Saudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba: source
DUBAI (Reuters) – Saudi Aramco is likely to give roles to Citi (C.N), Goldman Sachs (GS.N), HSBC (HSBA.L) and Samba Financial Bank (1090.SE) for its planned initial public offering (IPO), a source familiar with the transaction said on Sunday. The four banks would likely get these roles in addition to Morgan Stanley (MS.N) and JP Read More

Citigroup doubles down on credit cards even as U.S. economy softens

2 weeks ago DieselGasoil Comments Off on Citigroup doubles down on credit cards even as U.S. economy softens
NEW YORK (Reuters) – Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc (C.N) is betting big on credit cards. Balance transfer envelopes are pictured in a Reuters office in New York, U.S., September 5, 2019. Picture taken September 5, 2019. REUTERS/Lucas Jackson Citigroup, the third-largest U.S. card issuer, according to payments Read More

Oil prices rise, but economic worries loom

2 weeks ago DieselGasoil Comments Off on Oil prices rise, but economic worries loom
LONDON (Reuters) – Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses on lingering fears about a weakening global economy. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent Read More

Oil prices nudge up, but economic worries loom

2 weeks ago DieselGasoil Comments Off on Oil prices nudge up, but economic worries loom
LONDON (Reuters) – Oil prices recovered some ground on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses on fears about a weakening global economy. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Read More

Oil prices nudge higher, but economic worries loom

2 weeks ago DieselGasoil Comments Off on Oil prices nudge higher, but economic worries loom
SINGAPORE (Reuters) – Oil prices recovered some ground on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, having touched their lowest in close to a month during the previous session on fears over the weakening global economy. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field Read More

S&P slashes Argentina’s long-term debt three notches on maturity extension plan

3 weeks ago DieselGasoil Comments Off on S&P slashes Argentina’s long-term debt three notches on maturity extension plan
BUENOS AIRES (Reuters) – Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default. FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires’ financial Read More