Bare-chested and singing, some of the City's top bankers ripped off their business attire in a video for a fundraiser.» Read More
TORONTO, April 15- Bank of Nova Scotia sees Mexico as its most promising growth territory and is not deterred by a money-laundering scandal there involving Citigroup's Banamex unit, Scotiabank's head of international banking said on Tuesday.
Stocks jump, fall, then rise. The whipsaw action has recently become commonplace among major indices.
While stocks aren't as cheap as they were a year ago, Bill Nygren made four new portfolio additions.
CLSA bank analyst Mike Mayo says he plans to ask Citigroup's chairman and board of directors for answers.
CLSA analyst Mike Mayo discusses his remaining restructuring and regulator questions about Citigroup after the company's earnings beat, and why he is still a buyer.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark interest rates.
*Diageo offers to buy up to 26 pct more of United Spirits. MUMBAI/ LONDON, April 15- Diageo, the world's biggest spirits maker, has launched a $1.9 billion bid to nearly double its stake in United Spirits Ltd, offering a rich price in the hope that India's increasingly wealthy consumers will drink more alcohol.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.
Asian equities were mixed on Tuesday after data showed money supply in the world's second largest economy grew its weakest pace in more than decade.
*Ukraine tensions prop up commodities like nickel, oil. TOKYO, April 15- Asian shares edged higher on Tuesday after upbeat U.S. data helped Wall Street bounce from a sharp selloff in recent days, though tensions in Ukraine tempered demand for riskier assets.
TOKYO, April 15- Asian shares edged higher in early trade on Tuesday after upbeat U.S. data helped Wall Street bounce from a sharp selloff in recent days. The flare-up came less than a month after Russia completed its annexation of Ukraine's southern Crimea peninsula.
TOKYO, April 15- U.S. crude oil futures fell below $104 in early Tuesday trade, erasing the previous day's gains, as expectations for rising production added to estimates of increased stockpiles and weakened sentiment for the front month contract.
Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate. Armed pro-Russian separatists seized more buildings in eastern Ukraine on Monday, expanding their control after the government failed to follow through on threatened military crackdown.
A rush of earnings could help steer the market's direction on Tuesday, after Citigroup's earnings beat provided kindling for a market rally Monday.
John Thompson, CEO & CIO of Vilas Capital, explains the factors that led to upbeat first-quarter net income results from Citi.
April 14- At a meeting with 300 senior Citigroup officials in the first week of February, Chief Executive Michael Corbat said the bank needed to focus on two things above all else this year: expenses and efficiency. The bank's first quarter results on Monday showed just how much work Citigroup executives have ahead of them in those areas.
Bank of America Corp. rose$. 23 or 1.5 percent, to $16.00. Citigroup Inc. rose $1.99 or 4.4 percent, to $47.67. Goldman Sachs rose $2.02 or 1.3 percent, to $154.74.
WASHINGTON— U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. WASHINGTON— The calendar shows April 15, and you haven't even started on your federal tax return?
Stocks rose Monday, recovering some of the ground they lost last week, as investors drew encouragement from solid earnings from Citigroup and a sharp gain in retail sales last month. All 10 sectors in the Standard& Poor's 500 index increased, led by energy. Investors were looking ahead to a spate of major corporate earnings reports and economic data this week.
*Citigroup is one of S&P's biggest gainers after results. NEW YORK, April 14- U.S. stocks closed higher on Monday as Citigroup's earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.