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Citigroup Inc

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  • *Copper steady after China central bank cuts rates. LONDON, June 29- Nickel prices hit their lowest in six years on Monday, falling in response to stubbornly high stockpiles and risk aversion over the Greek debt crisis, while copper steadied on hopes that China's economy is levelling out. The dollar rose against the euro, while global equities and commodities such...

  • *Copper steady after China central bank cuts rates. LONDON, June 29- Nickel prices broke below $12,000 a tonne to hit their lowest in six years on Monday after sliding on rising stockpiles and risk aversion over Greece, while copper steadied on hopes that China's economy is levelling out. The dollar rose against the euro, while global equities and commodities such...

  • Greek Prime Minister Alexis Tsipras leaves the European Council headquarters after a summit in Brussels.

    Investors believe the global economy is positioned to weather Greece's potential exit from the euro zone, Jason Trennert of Strategas said.

  • MELBOURNE, June 29- London nickel skidded to its lowest in six years on Monday, as risk aversion over Greece compounded selling pressure set off by weak stainless steel demand and chart-based sales. LME inventory is dropping... a few months more of robust China import trade and I can see price appreciation towards the end of the year, "said analyst Dan Morgan at UBS in...

  • LONDON, June 29- European bank shares stumbled towards their biggest daily fall for four years on Monday, led by big lenders in Italy, Spain and France, after Greece closed its banks and imposed capital controls as it faced the prospect of leaving the eurozone. Greece plans to hold a referendum next Sunday on the terms of a bailout plan from creditors, which prompted...

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • LONDON, June 28- Global financial markets are braced for a wave of contagion from Greece on Monday, with expected heavy losses for southern European government bonds and regional stock markets as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon. "That is going to have a real big impact on...

  • LONDON, June 28- European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock markets expected as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon. Without new bailout funds, Athens is due to miss a 1.6...

  • June 26- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinters Usain Bolt and Shelly Ann Fraser-Pryce, filed for an initial public offering of Class A common stock. The company, founded by Irish billionaire Denis O'Brien, said J.P. Morgan, UBS Investment Bank and Citigroup were among the underwriters for the IPO.

  • NEW YORK, June 26- The ongoing Greek debt talks left currency markets in tight ranges on Friday while policymakers traded barbs in Brussels over the latest proposal for working out a debt deal between Athens and its official-sector creditors. The euro fell below $1.12 to session lows after Greek Prime Minister Alexis Tsipras went on the offensive, seemingly...

  • June 26- Digicel Group Ltd, which offers communications services in the Caribbean and South Pacific regions, filed with U.S. regulators on Friday to raise up to $200 million in an initial public offering of Class A common stock. J.P. Morgan, UBS Investment Bank and Citigroup were among the underwriters for the IPO, the company told the U. S Securities and Exchange...

  • Trader on the floor of the New York Stock Exchange.

    Equity research teams are clinging to "buys" and "holds" because they do not want to upset colleagues, the FT reports.

  • *Italy last major market where outflows are expected. ZURICH, June 26- Switzerland's private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the financial crisis, cash-strapped governments chased accounts hidden at banks in Zurich, Geneva and...

  • HONG Kong, June 26- Citigroup Inc will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank's Asian franchise this year. The U.S. bank's Asia Pacific chief Stephen Bird in April became the global head of Citi's consumer bank, in a move seen by...

  • Where value investor Bill Nygren sees opportunity Thursday, 25 Jun 2015 | 5:59 PM ET
    Bill Nygren

    Noted value investor Bill Nygren sees an "unusually large" opportunity in Europe, as well as certain U.S. names.

  • Why Citi downgraded Netflix amid surge Thursday, 25 Jun 2015 | 1:58 PM ET
    The Netflix logo is displayed on a wall at the company's Japan office in Tokyo.

    The torrid run in Netflix shares has outpaced the company's growth, prompting Citi to downgrade the stock to neutral from buy.

  • June 25- Wayne Farms Inc, the sixth-largest broiler chicken producer and processor in the United States, said on Thursday it withdrew its initial public offering. Alan Sterling, Wayne Farms' marketing director, did not immediately provide any reasons for the withdrawal. Citigroup, J.P. Morgan and BMO Capital Markets were underwriters for the IPO.

  • Father of 'Grexit': Disaster if Greece leaves Thursday, 25 Jun 2015 | 11:48 AM ET
    Greek Prime Minister Alexis Tsipras leaves the European Commission headquarters after a meeting with the European Commission, the International Monetary Fund (IMF), the European Central Bank (ECB) and the bloc's rescue fund in Brussels, June 25, 2015.

    The economist credited with coining the term "Grexit" said Thursday it would be a disaster if Greece leaves the euro zone.

  • Citigroup combines retail banking and mortgage ops Thursday, 25 Jun 2015 | 11:17 AM ET

    Citigroup will combine its retail banking and mortgage operations under Jonathan Larsen, the current global head of retail banking.

  • Broiler chicken producer Wayne Farms withdraws IPO Thursday, 25 Jun 2015 | 11:06 AM ET

    June 25- Wayne Farms Inc, the sixth-largest broiler chicken producer and processor in the United States, said on Thursday it withdrew its initial public offering. Alan Sterling, Wayne Farms' marketing director, did not immediately provide any reasons for the withdrawal. Citigroup, J.P. Morgan and BMO Capital Markets were underwriters for the IPO.