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For global firms, India IPOs are a honey trap

RPT-BREAKINGVIEWS-For global firms, India IPOs are a honey trap The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Una Galani MUMBAI, Sept 17 (Reuters Breakingviews) - It rarely makes sense for a company to maintain more than one stock market listing. Tell that to the growing list of multinational firms rushing to float their local subsidiaries on Mumbai bourses.
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For global firms, India IPOs are a honey trap

BREAKINGVIEWS-For global firms, India IPOs are a honey trap The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Una Galani MUMBAI, Sept 17 (Reuters Breakingviews) - It rarely makes sense for a company to maintain more than one stock market listing. Tell that to the growing list of multinational firms rushing to float their local subsidiaries on Mumbai bourses.
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China rate cut window opens as patience wears thin

BUZZ-COMMENT-China rate cut window opens as patience wears thin Sept 17 (Reuters) - The writing is on the wall: China's economic recovery is stalling and even robust external demand can't offset the domestic slump. Stronger stimulus can't be delayed further, as more global investors balk. Goldman Sachs and Citigroup on Monday downgraded their 2024 China GDP forecasts to below Beijing's 5% goal, joining a bevy of bearish brokerages.
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Emerging Markets Economic Events to November 29

DIARY-Emerging Markets Economic Events to November 29 Sept 17 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ---------------------------------------------------------------- This diary is filed daily.
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Dovish Fed eyed, China's deflationary forces intensify

MORNING BID ASIA-Dovish Fed eyed, China's deflationary forces intensify By Jamie McGeever Sept 17 (Reuters) - A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in Asia, the Fed's upcoming interest rate decision hangs heavily over world markets as growing hopes for a 50 basis point cut push the dollar to new lows for the year.
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BofA appoints Citi's Okpara as accounting chief

UPDATE 2-BofA appoints Citi's Okpara as accounting chief Changes sourcing throughout, adds details on Okpara from paragraph 5 onwards Sept 16 (Reuters) - Bank of America BAC.N has hired Citigroup's C.N former Chief Accounting Officer Johnbull Okpara to the same role, according to a memo seen by Reuters. Okpara, who resigned from Citi earlier in the month after a stint of nearly 4 years, will replace long-serving accounting chief of Bank of America, Rudolf Bless.
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BofA hires Citi's chief accounting officer, FT reports

BofA hires Citi's chief accounting officer, FT reports Sept 16 (Reuters) - Bank of America BAC.N has hired Citigroup's C.N Chief Accounting Officer Johnbull Okpara to act in the same position, the Financial Times reported on Monday. Reporting by Pritam Biswas in Bengaluru; Editing by Alan Barona
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Bank Of America Hires Citi's Chief Accounting Officer- FT

BRIEF-Bank Of America Hires Citi's Chief Accounting Officer- FT Sept 16 (Reuters) - BANK OF AMERICA HIRES CITI’S CHIEF ACCOUNTING OFFICER- FT BANK OF AMERICA HAS HIRED CITIGROUP’S CHIEF ACCOUNTING OFFICER JOHNBULL OKPARA TO ACT IN THE SAME POSITION -FT Source text: https://tinyurl.com/27fksncb Further company coverage: BAC.N
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Smartsheet, BP and Ma'aden Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Buyout firms Vista Equity Partners and Blackstone BX.N are in advanced talks to acquire Smartsheet SMAR.N , in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said.
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Citigroup Inc Says Credit Card Delinquency Rate 1.46% At August End

BRIEF-Citigroup Inc Says Credit Card Delinquency Rate 1.46% At August End Sept 16 (Reuters) - Citigroup Inc C.N : CITIGROUP INC - CREDIT CARD DELINQUENCY RATE 1.46% AT AUGUST END CITIGROUP INC - CREDIT CARD CHARGE-OFFS 2.38% IN AUGUST - SEC FILING Source text for Eikon: [ID:n0001193125-24-219489] Further company coverage: C.N
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Euro zone yields slip as markets increase bets on Fed rate cut

Euro zone yields slip as markets increase bets on Fed rate cut Updated at 1451 GMT By Stefano Rebaudo Sept 16 (Reuters) - Euro zone government bond yields slipped on Monday as money markets increased their bets on a super-sized 50 basis point rate cut by the Federal Reserve on Wednesday. The Bank of England and the Bank of Japan will also hold their policy meetings later this week and are expected to keep rates at the current levels.
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Brokerages lift S&P 500 target on hopes of Fed rate cut

FACTBOX-Brokerages lift S&P 500 target on hopes of Fed rate cut Updates forecasts for BofA Global Research's currency, UBS Global Research's UK and global GDP, J.P. Morgan's China GDP, Deutsche Bank's U.S. and China GDP and S&P 500 target, Goldman Sachs' headline CPI and euro area GDP and Citigroup's core PCE; Adds background in paragraph 2 and updates paragraph under U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: CTBC, CACI International, JTC Updates: Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Taiwan's financial regulator rejected a takeover attempt by financial conglomerate CTBC 2891.TW of rival Shin Kong 2888.TW saying its plans were incomplete.
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Citi taps tech chief Ryan to fix data management issues alongside Selva, memo shows

Citi taps tech chief Ryan to fix data management issues alongside Selva, memo shows Sept 16 (Reuters) - Citigroup C.N has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo seen by Reuters on Monday. Ryan, who joined Citi in June from PwC's U.S.
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Citigroup sells trust services unit to JTC for $80 million

Citigroup sells trust services unit to JTC for $80 million Sept 16 (Reuters) - Professional services provider JTC JTC.L said on Monday it has agreed to buy Citigroup's C.N global fiduciary and trust administration services business for $80 million. The unit 'Citi Trust' serves over 2,000 ultra-high net worth clients across seven jurisdictions, including New York, Delaware, Singapore and Switzerland, managing more than $70 billion in assets.
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Brokerages trim China GDP estimates for 2024

FACTBOX-Brokerages trim China GDP estimates for 2024 Sept 16 (Reuters) - Major brokerages have trimmed their growth estimates for China's gross domestic product (GDP) as the world's second-largest economy struggles to gain footing amid faltering domestic demand and downbeat factory output. China's industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering the case for aggressive stimulus to shore up the economy and help it h
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Stocks firm, dollar sags as market bet big on larger Fed cut

GLOBAL MARKETS-Stocks firm, dollar sags as market bet big on larger Fed cut Shares steady in Europe, Treasuries firm Futures imply 59% chance of outsized Fed rate cut China data disappoints, adding to case for stimulus Trump safe after FBI prevents second assassination attempt Updates prices at 1128 GMT By Amanda Cooper LONDON, Sept 16 (Reuters) - Global stocks edged up for a sixth day on Monday, in a week that is almost certain to see the start of an easing cycle in the United States that inves
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Money losing natgas producer BKV revives US IPO

UPDATE 2-Money losing natgas producer BKV revives US IPO Adds valuation in paragraph 2, background in paragraph 4 By Niket Nishant and Arathy Somasekhar Sept 16 (Reuters) - Loss-making natural gas producer BKV Corp BKV.N said on Monday it aims to raise up to $315 million through an initial public offering of shares, nearly two years after first filing to sell shares publicly.
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Euro zone yields struggle for direction as markets increase bets on Fed rate cut

Euro zone yields struggle for direction as markets increase bets on Fed rate cut By Stefano Rebaudo Sept 16 (Reuters) - Euro zone government bond yields were mixed on Monday as money markets increased their bets on a super-sized 50 basis point rate cut by the Federal Reserve on Wednesday. The Bank of England and the Bank of Japan will also hold their policy meetings later this week and are expected to keep rates at the current levels.
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Citigroup strips COO of responsibility for data overhaul after $136 mln fine - FT

MEDIA-Citigroup strips COO of responsibility for data overhaul after $136 mln fine - FT -- Source link: https://tinyurl.com/muzjw7sr -- Note: Reuters has not verified this story and does not vouch for its accuracy
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