Citigroup markets, investment banking revenue slow: CFO

Citigroup Inc (C.N) first-quarter markets revenue is running 15 percent lower than a year earlier and its investment banking revenue is off by 25 percent, Chief Financial Officer John Gerspach said on Tuesday. “It has been a tough quarter,” Gerspach said at an investor conference. The company expects to take a $400 million charge in the quarter “to resize both ... Read More »

Wall Street dips as oil falls, China data disappoints

Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide. U.S. crude fell nearly 3 percent, while ... Read More »

Amazon posts VR job on Glassdoor

SAN FRANCISCO – Amazon is tossing its oversized hat in the virtual reality ring, joining content-producing rivals Hulu and Netflix in a quest to woo consumers with what promises to be the next great tech trend. In a posting on the job networking and employer assessment site Glassdoor, Amazon is recruiting for a senior development manager for its VR program ... Read More »

United buys more 737s, plans to retire 747s

United Airlines said on Tuesday that it would buy 25 new Boeing 737-700 jets, an order that comes in addition to a previous order for 40 of the same jets that United made in January. United will begin taking delivery of the first 737-700s from the latest order in late 2017. United said the 737-700s will allow it to fly “larger, more efficient ... Read More »

Company Growth 101: Simple Steps To Exact Positive Change

If company growth is one of your primary professional objectives, know that realizing it will take work. However, the end result of your hard efforts will be a business that emerges as an industry leader with a substantive base of loyal consumers. There are several company growth techniques and tools you can use to make it happen. Here are three ... Read More »

French central bank head cautions on oil price impact – newspaperFrench,central,bank,head,cautions,on,oil,price,impact,-,newspaper

The European Central Bank could extend money printing, the head of France’s central bank told a German newspaper on Sunday, as the long-term impact of low oil prices weighs on euro zone economies. ECB governors from across the euro zone, including France and Germany, will meet in early March to decide whether to adjust interest rates or extend a scheme ... Read More »

Post-Dieselgate, Volkswagen retools itself for faster ride

The biggest engineering feat on display when Volkswagen unveils its new concept car on Tuesday will be the team developing it: a post-Dieselgate management system crafted to operate faster, cheaper and with a lighter grip on the wheel. Last year’s scandal over falsified diesel emissions tests caused a cull of top managers at Europe’s biggest automaker and brought a promise ... Read More »

More yawns than yuan in China’s late-night forex trade

In the fast-paced, high-risk world of foreign exchange trading, where trillions of dollars change hands every day, there’s a quiet corner of the yuan market where traders can get some shut-eye, despite China’s efforts to elevate its currency to the top table. The People’s Bank of China (PBOC) extended the yuan’s trading hours to 11:30 pm in January to overlap ... Read More »

U.S. urges China to keep moving to a market-oriented exchange rate

U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market. Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following the G20 finance ministers’ summit in Shanghai. “As the global economy faces many ... Read More »

Highlights: India says economy to grow 7-7.75 pct in 2016/17 – report

India should review its medium-term fiscal strategy, a government report recommended on Friday, an indication of the challenge Finance Minister Arun Jaitley faces to raise pay for government employees and bail out banks without increasing borrowing. The Economic Survey, which sets the scene for Jaitley’s third annual budget on Monday, forecast that the Indian economy would grow by between 7.0 ... Read More »