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Citigroup


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Hong Kong regains some lustre amid China's gloom

BREAKINGVIEWS-Hong Kong regains some lustre amid China's gloom The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Nov 22 (Reuters Breakingviews) - This time last year social media pundits were claiming Hong Kong had become a “ ruin of an international financial centre ”. The Hang Seng Index .HIS was about to be one of the worst performers globally, while funds raised by initial public offerings were the lowest in 20 years.
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H-shares of Baidu hit 2-year low on Q3 rev drop, softer Q4 outlook

BUZZ-H-shares of Baidu hit 2-year low on Q3 rev drop, softer Q4 outlook ** H-shares of Baidu 9888.HK slip 10.3% to HK$75.20, lowest since Nov 2022 ** Stock set for biggest one-day pct drop since Jan. 15; top pct loser on Hang Seng Index .HSI , Hang Seng Tech Index .HSTECH and Hang Seng China Enterprises Index .HSCE ** U.S.-listed shares BIDU.O slid 5.9% on Thursday ** China's largest search engine operator's Q3 revenue drops 3% ** Co says no notable improvement in ad spending patterns or consume
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Australia's Accent Group recoups some losses; Citi, UBS cut PT on lower profit estimate

BUZZ-Australia's Accent Group recoups some losses; Citi, UBS cut PT on lower profit estimate Updates ** Shares of footwear retailer Accent Group AX1.AX rise as much as 2.2% to A$2.3, recovering some of the losses after a more than 11% decline in the previous session ** Citi cuts price target for AX1 to A$2.47 from A$2.57 and maintains "buy" rating
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Gold surges and euro sags as broader war risks rise

GLOBAL MARKETS-Gold surges and euro sags as broader war risks rise Euro nears 2023 low, gas prices leap Bitcoin on the verge of $100,000 Chip stocks up in Asia trade; Adani assets under pressure By Tom Westbrook SINGAPORE, Nov 22 (Reuters) - Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.
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Citi upbeat on potential revenue growth for Australia's Qube, lifts PT

BUZZ-Citi upbeat on potential revenue growth for Australia's Qube, lifts PT ** Citi increases Qube Holdings' QUB.AX price target to A$4.45 from A$4.4 and retains "buy" rating ** Brokerage estimates higher utilisation of Australia-based logistics service provider's rail and terminal assets to be high margin ** Qube hosted its annual general meeting
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Citi sues ex-law firm group bankers over trade secrets

Citi sues ex-law firm group bankers over trade secrets By Sara Merken Nov 21 (Reuters) - Citigroup C.N sued two San Francisco-based private bankers who recently left the bank for competitor Bank of Montreal's BMO.TO law firm wealth management group, accusing them of improperly taking business and client information to their new employer. Citibank and Citigroup Global Markets filed the lawsuit on Wednesday in California federal court against John Mitchell and Benjamin Carr.
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Regions Financial gains after Citi raises PT

BUZZ-Regions Financial gains after Citi raises PT ** Shares of U.S. regional bank Regions Financial RF.N up 2.1% at $26.82 ** Brokerage Citi reiterates "buy" rating on RF and raises price target to $30 from $26, citing an "attractive value" on the stock ** Brokerage sees RF's balance sheet strongly positioned for further rate cuts ** Post-election,
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Vedanta Resources postpones planned dollar bond offering, sources say

Vedanta Resources postpones planned dollar bond offering, sources say By Siddhi Nayak and Dharamraj Dhutia MUMBAI, Nov 21 (Reuters) - Vedanta Resources has postponed its planned issue of dollar bonds on concerns that U.S. prosecutors' allegations against Adani group firms could push up borrowing costs for Indian firms, two sources aware of the matter said on Thursday.
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listed Kuaishou sinks to three-week low on lacklustre outlook

BUZZ-HK-listed Kuaishou sinks to three-week low on lacklustre outlook ** Shares of China's Kuaishou Technology 1024.HK down 12.8% to HK$45.80, their lowest levels since Oct 31, as brokers grow more cautious about future profit growth ** Stock set for its biggest one-day decline since Oct 8, leading losses in the Hang Seng Tech Index, which slips 0.5% ** The Chinese content community and social media platform operator said its Q3 revenue increased 11.4% Y/Y, non-IFRS adjusted net profit jumped 24
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Citi upbeat on Australia's PWR driven by growth in core sector

BUZZ-Citi upbeat on Australia's PWR driven by growth in core sector ** Citi bullish on Formula 1 auto parts supplier PWR PWH.AX despite a loss of three EV programs and market slowdown ** However brokerage views strong growth in its core Aerospace & Defence sector as attracting investment opportunity ** Upgrades to "buy" rating at a target price of
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Citi notes Australia-based retailer Nick Scali's delivery woes, trims PT, FY profit forecast

BUZZ-Citi notes Australia-based retailer Nick Scali's delivery woes, trims PT, FY profit forecast ** Citi cuts PT for Nick Scali NCK.AX by 4% to A$15.31; retains "buy" rating ** Brokerage says Australia-based home furnishing retailer's delivery delays may be limited to 1H25, but could impact its brand perception ** Nick Scali, on Wednesday, said it
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JPMorgan dips after Oppenheimer downgrades stock to 'perform'

BUZZ-JPMorgan dips after Oppenheimer downgrades stock to 'perform' ** Shares of biggest U.S. lender JPMorgan Chase JPM.N fall as much as 1.8%; last down 1.3% at $239.86, underperforming peers ** Oppenheimer downgrades JPM to "perform" from "outperform," stating that the stock has reached its target ** Brokerage notes that while most of the industry
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DT Midstream dips after $366 mln stock offering to fund acquisition of pipelines

BUZZ-DT Midstream dips after $366 mln stock offering to fund acquisition of pipelines ** Shares of pipeline operator DT Midstream DTM.N fall as much as 2.4%; last down 1.5% at $101.47 in early trading ** DTM prices follow-on public offering at $101/shr for gross proceeds of $366.1 mln ** Offering size boosted from previously announced $300 mln, priced at 2% discount to stock's last close ** DTM plans to use the funds along with proceeds from expected $650 mln bond sales, borrowings and cash on h
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U.S. STOCKS Comcast, Wix.com, Flex

BUZZ-U.S. STOCKS ON THE MOVE-Comcast, Wix.com, Flex Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures treaded water on Wednesday as investors awaited Nvidia's quarterly results, seen as pivotal in sustaining the AI behemoth's record rally, while retailer Target's shares fell after a disappointing forecast.
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OfBusiness hires Axis, JPMorgan, Citi among banks for 2025 Indian IPO

OfBusiness hires Axis, JPMorgan, Citi among banks for 2025 Indian IPO By Aditya Kalra NEW DELHI, Nov 20 (Reuters) - SoftBank-backed Indian shopping website OfBusiness has appointed five investment banks including India's Axis Capital, Morgan Stanley MS.N and JPMorgan for its up to $1 billion IPO targetted for 2025, a top executive told Reuters on Wednesday.
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China's Xpeng slips after results, Citi sees risks ahead

BUZZ-China's Xpeng slips after results, Citi sees risks ahead ** Hong Kong shares of Chinese electric vehicle maker XPeng 9868.HK slip 4.5% to HK$49.6, on track for biggest one-day pct decline since Nov. 14 ** Stock on course to snap two sessions of gains; fourth biggest pct loser in Hang Seng China Enterprises Index .HSCE which is down 0.1% ** U.S.-listed shares XPEV.N fell 3.8% on Tuesday ** Xpeng 9868.HK forecast fourth-quarter revenue above Wall Street estimates on Tuesday, as a refreshed pr
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Citi ups Australia's Healius to 'neutral' rating, sees special dividend on the cards

REFILE-BUZZ-Citi ups Australia's Healius to 'neutral' rating, sees special dividend on the cards Removes extraneous Refinitiv Instrument Code ** Citi upgrades Healius' HLS.AX rating to "neutral" from "sell" on recent share price decline, the sale of co's unit Lumus Imaging and cost base of its pathology segment reflecting its true business as usual
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Citi, Santander prep up to €4 billion debt for Urbaser buyout - Bloomberg News

MEDIA-Citi, Santander prep up to €4 billion debt for Urbaser buyout - Bloomberg News -- Source link: https://tinyurl.com/yck4y4vm -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Robinhood to acquire TradePMR for $300 mln to boost advisory business

Robinhood to acquire TradePMR for $300 mln to boost advisory business Nov 19 (Reuters) - Retail trading platform Robinhood Markets HOOD.O will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday. Robinhood has been pushing to grab market share from traditional brokerages such as Charles Schwab SCHW.N and Fidelity Investments in its effort to become to a full-fledged financial services provider.
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Investors reload rate hike bets in Japan

ANALYSIS-Investors reload rate hike bets in Japan Foreigners pile in to bank shares, cyclical stocks Hedge funds dabble in bond shorts, dealers say Pricing for December rate hike jumps to 54% By Tom Westbrook SINGAPORE, Nov 19 (Reuters) - Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise as soon as next month.
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