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Citigroup Inc

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  • Midday Glance: Banks companies Thursday, 30 Oct 2014 | 1:17 PM ET

    Bank of America Corp. rose$. 03 or. 2 percent, to $17.02. Citigroup Inc. rose$. 34 or. 6 percent, to $52.98. Goldman Sachs rose$. 17 or. 1 percent, to $186.25.

  • UPDATE 3-Vale posts surprise loss, shares dive Thursday, 30 Oct 2014 | 12:41 PM ET

    RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...

  • Early Glance: Banks companies Thursday, 30 Oct 2014 | 11:28 AM ET

    Bank of America Corp. fell$. 13 or. 7 percent, to $16.87. Citigroup Inc. fell$. 22 or. 4 percent, to $52.42. Goldman Sachs fell$. 17 or. 1 percent, to $185.91.

  • RIO DE JANEIRO, Oct 30- Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency. Iron ore cash costs were also higher than analysts had expected, while Vale said the weakening Brazilian real wiped nearly $2 billion off its earnings by increasing the cost of...

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • *China official PMI seen at 51.2 vs 51.1 in Sept Data due on Nov 1 at 0100 GMT. BEIJING, Oct 30- Growth in China's manufacturing sector likely picked up slightly in October as demand improved, a Reuters poll showed, offering some tentative signs that the world's second-biggest economy may be stabilizing but at levels which are subdued. "Overall, we see that China's...

  • Final Glance: Banks companies Wednesday, 29 Oct 2014 | 6:02 PM ET

    Bank of America Corp. rose$. 19 or 1.1 percent, to $16.99. Citigroup Inc. rose$. 21 or. 4 percent, to $52.65. Goldman Sachs fell$. 24 or. 1 percent, to $186.08.

  • *Dollar snaps higher after Fed signals underlying economic strength. NEW YORK, Oct 29- The U.S. dollar surged higher on Wednesday after the Federal Reserve signaled confidence the U.S. economic recovery remained on track while investors started to bet on an interest rate increase sooner than previously expected. It didn't seem to imply there was any real delay...

  • LONDON, Oct 29- Anyone betting on another "Great Rotation" of investment flows out of bonds and into stocks is in for disappointment: it's not happening, and isn't going to. "The equity cult and the bond cult can live side by side," according to Citi. U.S. mutual funds' net investment flows in stocks over a five-year rolling period troughed at round $550 billion net outflow...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill disclosed that it had received a "Wells notice" from the U.S. Securities...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill had disclosed that it had received a "Wells notice" from the U.S....

  • Midday Glance: Banks companies Wednesday, 29 Oct 2014 | 1:41 PM ET

    Bank of America Corp. fell$. 05 or. 3 percent, to $16.75. Citigroup Inc. fell$. 19 or. 4 percent, to $52.25. Goldman Sachs fell$. 60 or. 3 percent, to $185.72.

  • *Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...

  • UPDATE 6-French drugmaker Sanofi sacks CEO, shares drop Wednesday, 29 Oct 2014 | 12:36 PM ET

    *Sanofi board says not changing company's strategy. PARIS, Oct 29- Sanofi's board ousted its chief executive of six years on Wednesday, criticising him for an authoritarian management style that was often popular with investors as he lifted the French drugmaker onto the global stage. Sanofi said it would continue the international expansion pursued under...

  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lackluster demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • NEW YORK, Oct 29- The U.S. dollar weakened on Wednesday ahead of the conclusion of the Federal Reserve's two-day meeting, as market players expected policy makers to reiterate a cautious stance on raising interest rates. In mid-morning New York trade, the euro saw a small surge in purchases, which one trading source ascribed to a lack of normal dollar buying by...

  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lacklustre demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • Early Glance: Banks companies Wednesday, 29 Oct 2014 | 10:53 AM ET

    Bank of America Corp. rose$. 11 or. 7 percent, to $16.91. Citigroup Inc. rose$. 22 or. 4 percent, to $52.66. Goldman Sachs rose$. 04 or percent, to $186.36.

  • Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 41 percent in their market debut, in what was the largest initial public offering by an MLP in a decade. Royal Dutch Shell became first of the industry majors to take an MLP public as a way to monetize assets while lowering the cost of capital.