CITIGROUP reported a decline in fourth-quarter profit on Friday (Jan 13) as it hiked provisions to prepare for a worsening economy, and investment-banking revenue fell on a sharp drop in dealmaking activity.
THE Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, three sources said. The move is intended to reduce fraud and tax evasion.
GLOBAL equity funds drew their first weekly inflow in 10 weeks in the week to Wednesday (Jan 11), on hopes of easing inflation and expectations that China’s reopening would boost global economies.
GLOBAL equity funds drew their first weekly inflow in 10 weeks in the week to Wednesday (Jan 11), on hopes of easing inflation and expectations that China’s reopening would boost global economies.
