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Review: Tapping away with Apple Pay; retailers are key to wide acceptance

Oct 21, 2014 at 16:01 | Source: Business Week

Key things to know about Apple Pay: What you need, where to use it, and is it safe? Video: Citigroup Beats Estimates, Profits Rise 6.6% · Video: Christie Approval Rating Hits Record Low · Video: Heathrow Begins Ebola Screening T...

Bank of America sees profit fall on mortgage settlement

Oct 15, 2014 at 21:57 | Source: BBC

Bank of America has reported a big drop in profits due to a multi-billion dollar settlement with US authorities. Net profit for the three months to the end of September was $168m (£106m), down from $2.5bn a year earlier. Total revenue was $21.4bn. T...

Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps

Oct 15, 2014 at 08:00 | Source: NDTV Profit

Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs. The third-largest US bank, built with a series of ...

Wall Street Rises After Three-day Slump

Oct 14, 2014 at 22:00 | Source: NDTV Profit

NewYork: US stocks were higher on Tuesday after the S&P 500's worst three-day drop since November 2011 as bullish investors hoped solid earnings would allay global growth concerns. Citigroup, up 3.2 per cent to $51.48, was the biggest...

Twin hurdles to ONGC share sale

Oct 13, 2014 at 12:47 | Source: Calcutta Telegraph News

New Delhi, Oct. 12: The stake sale in state-owned ONGC could be pushed back to the end of the current quarter on account of a lack of clarity on new gas prices and the subsidy sharing formula. While the government has indicated that the new gas pric...

Reliance looks to exit gas venture in US

Oct 12, 2014 at 14:22 | Source: Calcutta Telegraph News

Mumbai, Oct. 11: Reliance Industries is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources in the US. Reliance has an interest of over 45 per cent in the property that it acquired i...

Rating blow to Infy scrip

Oct 09, 2014 at 18:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 8: Shares of Infosys were battered today following a downgrade by foreign brokerage Citigroup. This comes at a time expectations are building up ahead of the company’s second-quarter results on Friday. Citi downgraded the stock to...

Sensex Hits Near 2-Month Closing Low; Infosys Slumps

Oct 08, 2014 at 15:59 | Source: NDTV Profit

Mumbai: The BSE Sensex and Nifty fell for a third straight session on Wednesday to their lowest closing level in nearly two months as software stocks slumped after Citigroup downgraded certain companies including Infosys ahead of its results on Frida...

OPEC Price War Signaled by Saudi Move Risks Deeper Drop

Oct 03, 2014 at 16:00 | Source: Business Week

Crude oil is poised to extend the biggest slump in more than two years after Saudi Arabia signaled it's ready for a price war with other OPEC members, according to Commerzbank AG and Citigroup Inc. Saudi Aramco, the state-run oil producer of ...

Fiscal Deficit Target 'Challenging' but 'Achievable': Citigroup

Oct 02, 2014 at 20:00 | Source: NDTV Profit

New Delhi: Government's fiscal deficit target of Rs 5.31 lakh crore is 'challenging' but 'achievable' thanks to lower crude oil prices and their impact on the subsidy bill, says a Citigroup report. Fiscal defic...

Experts warn Hong Kong protests could hit city's role as finance hub

Oct 02, 2014 at 12:16 | Source: FirstPost

Hong Kong: Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to Chin...

Indian media praise Modi's investment pitch to US firms

Sep 30, 2014 at 12:57 | Source: BBC

Papers are praising Prime Minister Narendra Modi's efforts to sell India as an investment destination to US companies. Mr Modi, who is on a five-day visit to the US, met the CEOs of top companies in New York on Monday. During the breakfast meeti...

Argentina found to be in contempt of court by US judge

Sep 30, 2014 at 12:57 | Source: BBC

A US judge has ruled that the Republic of Argentina is in contempt of court for refusing to obey an order to repay the debt it owes to two US hedge funds. Argentina has been mired in a US court dispute with the funds, which bought the country's ...

Protesters stay out on Hong Kong streets, defying Beijing

Sep 30, 2014 at 01:15 | Source: FirstPost

HONG KONG (Reuters) - Tens of thousands of pro-democracy protesters blocked Hong Kong streets in the early hours on Tuesday, maintaining pressure on China as it faces one of its biggest political challenges since the Tiananmen Square crackdown 25 yea...

In US, PM Narendra Modi will market Brand India to top CEOs

Sep 27, 2014 at 04:22 | Source: Economic Times

NEW DELHI/WASHINGTON: When Prime Minister Narendra Modi sits down to breakfast with the CEOs of top US companies Monday, he will be speaking to them with the knowledge and authority of a business honcho who knows what he wants and can possibly marke...

Alibaba Success May Be Mixed Blessing to Street

Sep 22, 2014 at 20:01 | Source: Wall Street Journal

It took a conference room full of bankers and executives from Alibaba Group Holdings Ltd. more than nine hours to hash out the final sale of the Internet giant's $25 billion stock offering. The marathon session last Thursday, held at Citigrou...

Rivals dash to support Apple Pay for fear of losing out

Sep 19, 2014 at 23:56 | Source: Economic Times

FRANKFURT: In the hype-fuelled technology industry, "revolutionary" is a word in danger of losing its meaning. But Apple Inc's new mobile payments system - unveiled just ten days ago - is already winning over the heavyweights of the financial industr...

Apple Pay can be a game changer if backed by retailers

Sep 11, 2014 at 11:31 | Source: Economic Times

Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of retai...

Cabinet clears selloff in PSU trio

Sep 11, 2014 at 08:37 | Source: Calcutta Telegraph News

New Delhi, Sept. 10: The Modi government today kick-started the divestment process by approving a stake sale in Coal India, ONGC and NHPC, which is likely to fetch the exchequer about Rs 43,000 crore this financial year. The Cabinet Committee on Eco...

Retailers seen unlikely to warm up to Apple Pay

Sep 11, 2014 at 04:35 | Source: Economic Times

Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of reta...

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