Articles by Citigroup

  • Saudi Prince Once Owned A $300M Airbus A380 Jet Converted Into Flying PalaceSaudi Prince Once Owned A $300M Airbus A380 Jet Converted Into Flying Palace

    January 14 2015 11:05 AM

    On Tuesday, February Brent crude went down again to $45.19 a barrel, the lowest since March 2009, just a day after Saudi Prince Alwaleed Bin Talal said it would never again return to $100 which was an artificial price.

  • CEO Salaries In Major American Companies Higher Than Taxes Paid To Government, Says StudyCEO Salaries In Major American Companies Higher Than Taxes Paid To Government, Says Study

    November 21 2014 11:20 AM

    The salaries of CEOs in major American companies are more than what the firms pay to the Federal government by way of corporate taxes.

  • Citigroup Forecasts Iron Ore Price To Further Plummet Below $60/Tonne In 2015Citigroup Forecasts Iron Ore Price To Further Plummet Below $60/Tonne In 2015

    November 13 2014 10:28 AM

    Iron ore prices has fallen to a five-year low of $76 per tonne in the international market. But it isn't the worst case scenario because a Citibank study forecasts the price of this key steelmaking-ingredient could still drop to less than $60 in 2015.

  • Australian Stock Market Report – Morning November 13, 2014Australian Stock Market Report – Morning November 13, 2014

    November 13 2014 10:20 AM

    In the US, whole sale inventories rose by 0.3% in September after a 0.6% gain in August - a result that should support the September quarter GDP result.

  • Australian Stock Market Report – Afternoon November 6, 2014Australian Stock Market Report – Afternoon November 6, 2014

    November 06 2014 6:42 PM

    The local sharemarket continued its downward slide this afternoon, closing firmly in the red. The All Ordinaries Index (XAO) lost 0.32 per cent or 17pts to 5,475, while the S&P/ASX 200 slipped 0.29 per cent or 16 pts to 5,501. The market was weighed down by falls in the mining and financial sectors. Volumes saw 1.9 billion shares exchanged worth $5.3 billion. 386 stocks ended higher, 571 closed lower and 321 were unchanged.

  • Global Markets Overview – October 15, 2015Global Markets Overview – October 15, 2015

    October 15 2014 12:40 PM

    US equities remained choppy as investors juggled various factors, including a raft of key earnings. JP Morgan, Citigroup and Wells Fargo reported, with the dominant theme a pick-up in trading revenue. Earnings were mixed and didn't really give a good picture of what to expect from Q3 earnings. Earnings that enjoyed the biggest positive reaction were Citigroup and Intel. Intel reported after-market and impressed, resulting in a 2.8% rise in its shares.

  • Australian Stock Market Report – Morning October 15, 2015Australian Stock Market Report – Morning October 15, 2015

    October 15 2014 10:45 AM

    European shares recovered in late trade on Tuesday, after hitting an eight-month low earlier in the session. The better earnings results out of the US and rally in US equities prompted the turnaround. Earlier concerns about euro zone growth weighed on markets. The German ZEW monthly survey of economic sentiment fell for a 10th straight month to minus 3.6, the weakest result in almost two years. The FTSEurofirst 300 index rose by 0.1% while the UK FTSE gained 0.4% and the German Dax lifted by 0.2...

  • Australian Stock Market Report – Afternoon October 14, 2014Australian Stock Market Report – Afternoon October 14, 2014

    October 14 2014 6:15 PM

    Local shares posted one of their better gains of the year today with the All Ordinaries Index (XAO) rising by 1 per cent or 50.9pts to 5204. Despite the improvement, the market's downtrend remains firmly in place with losses of over 8 per cent recorded since the start of September. The next support level for the ASX 200 is around 5070.0.

  • Australian Stock Market Report – Midday October 14, 2014Australian Stock Market Report – Midday October 14, 2014

    October 14 2014 3:07 PM

    US shares slumped overnight in thin holiday trade. The Dow Jones fell by 1.4 per cent while the broader S&P500 dropped by 1.7 per cent. Investors are holding their breath for a barrage of profit results from some of America's biggest banks this week. Citigroup, JP Morgan Chase and Wells Fargo are all scheduled to issue third quarter results tonight.

  • Companies Push Back IPO Plans Due to Mega Alibaba Share LaunchCompanies Push Back IPO Plans Due to Mega Alibaba Share Launch

    August 21 2014 2:30 PM

    Due to the sheer size of the initial public offering (IPO) of Chinese e-commerce giant Alibaba Group Holding (BABA) in New York in September, other companies planning public listing had postponed their launches.

  • Australian Stock Market Report – Morning July 15, 2014Australian Stock Market Report – Morning July 15, 2014

    July 15 2014 9:01 AM

    European shares rose on Monday. Shares in Citigroup rose after releasing solid earnings figures. And fears about the health of the Portuguese banking system continued to ease. The FTSEurofirst 300 index rose by 0.8% with the German Dax higher by 1.2% while the UK FTSE gained 0.8%. Australia´s major miners were higher in London trade with shares in BHP Billiton up by 1.6% while Rio Tinto lifted by 1.2%.

  • Alibaba IPO is Hottest Public Listing of 2014; Could Raise $20B, Possibly the Largest in U.S. HistoryAlibaba IPO is Hottest Public Listing of 2014; Could Raise $20B, Possibly the Largest in U.S. History

    May 08 2014 8:39 AM

    China's Alibaba Group Holding filed on Wednesday papers for the e-commerce giant to go public in the U.S.

  • Apple Inc. Pays $23.9 to Underwriters at Goldman Sachs, Deutsche Bank, etc

    May 01 2014 2:50 PM

    Apple Inc. paid a total of $23.9 million in fees to underwriters from Goldman Sachs Group Inc. and Deutsche Bank AG (DBK)

  • 5 Lessons From Two Atlassian Founders, Aussie's Recent Tech Billionaires5 Lessons From Two Atlassian Founders, Aussie's Recent Tech Billionaires

    April 30 2014 4:01 PM

    When Atlassian Founders Mike Cannon-Brookes and Scott Farquhar have appeared in the upper strata of BRW Rich 2000, this pair of 34-year-old software makers becomes so admired in the start-up industry.

  • Global Markets Overview – 4/15/14

    April 15 2014 9:28 AM

    Surprise earnings from Citigroup have certainly managed to snap the S&P out of its downward trend. The S&P registered its worst week since January last week, but snapped back on Citi earnings and better-than-expected retails sale.

  • Australian Stock Market Report – Afternoon 4/14/14

    April 14 2014 6:10 PM

    The losses worsened throughout the day, with local shares finishing around intra-day lows (and 3-week low). The All Ordinaries Index (XAO) slumped 1.29 per cent; finishing below 5400 points for the first time in two weeks and recording its biggest daily tumble in a month. Investors are likely to remain a little quiet this week due to the shortened Easter trading week.

  • Australian Stock Market Report – Afternoon 3/28/14

    March 28 2014 8:55 PM

    A better day than we had expected with the Aussie dollar at a 4 month high.

  • Australian Stock Market Report – Morning 3/28/14

    March 28 2014 10:44 AM

    In US economic data, the economy grew at a 2.6% annualised pace in the December quarter, up from the 2.4% prior estimate and just short of forecasts. New claims for unemployment insurance fell by 10,000 to 311,000 in the latest week, well below forecasts centred near 325,000. But the pending home sales index eased 0.8% in February. Economists had tipped a flat result.

  • Global Markets Overview – 3/27/14

    March 27 2014 10:13 AM

    While yesterday's trade was dominated by the prospect of stimulus measures from the ECB and PBoC, today's trade looks like it will concentrate on a 'neutral' RBA. Although most describe the RBA as neutral, comments from Governor Glenn Stevens are taking the RBA right to the edge between neutral and hawkish.

  • Apple Inc. (NASDAQ:AAPL) Tops Hedge Fund Stock –Citigroup

    March 13 2014 5:12 PM

    Apple Inc. (NASDAQ:AAPL) tops hedge fund stock according to the recent Citigroup analysis based on 13Fs