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☆ Embattled grocery startup Getir exits the U.S. and Europe, will refocus on Turkey
▼ + stars: | 2024-04-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Companies such as Getir and Gorillas promise to deliver items to shoppers' doors in as little as 10 minutes. Grocery delivery startup Getir announced on Monday that it is quitting international markets including the U.K., Germany, the Netherlands and the U.S., marking a major setback for the once hyped online grocery industry. The Istanbul, Turkey-based firm said in a statement that it was withdrawing from its U.S. and European markets and would now refocus its financial resources on Turkey. The company said it raised a new investment round led by Abu Dhabi sovereign wealth fund Mubadala and venture capital firm G Squared "to bolster its competitive position in its core food and grocery delivery businesses in Turkey." Getir said it generates 7% of its revenues from the U.K., Germany, the Netherlands and the U.S."Getir expresses its sincere appreciation for the dedication and hard work of all its employees in the UK, Germany, the Netherlands, and the U.S.," the company said.

Persons: Abu, Getir Locations: Germany, Netherlands, U.S, Istanbul, Turkey, Abu Dhabi

☆ Jim Cramer shares his thoughts on Tesla, Cisco Systems, Verizon, Prologis and Papa John's
▼ + stars: | 2024-04-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Tesla : Shares fell more than 4% after the electric vehicle maker issued another round of price cuts in major markets including the U.S., Germany and China. I think you have to wait to see what they say rather than make a judgement," Jim Cramer said. Cisco Systems : JPMorgan analysts resumed coverage of Cisco Systems with a neutral rating and $53 price target, citing a muted medium-term earnings growth outlook. Verizon : Shares fell nearly 3% after the telecommunications giant delivered an earnings beat and lost fewer-than-expected wireless subscribers in the three months ended March 31. Papa John's : Shares rose about 1.5% after analysts at Stifel upgraded the pizza chain to hold from sell, contending expectations are reasonable.

Persons: Jim Cramer's, Tesla, Jim Cramer, Chuck Robbins, Cramer, John's, Papa Organizations: CNBC, Club, Cisco Systems, JPMorgan, Verizon, BMO Capital Markets, Seattle, Stifel Locations: U.S, Germany, China, New Jersey, Papa John's

☆ Tesla slashes price of its premium driver assistance option by half in U.S.
▼ + stars: | 2024-04-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla said on Friday that it's cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay $99 per month, down from $199 previously. "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval," Musk wrote on Twitter, now known as X, on May 18, 2020. Despite its brand name, the company's FSD option today doesn't make Tesla vehicles autonomous or functional as robotaxis. Tesla didn't respond to a request for more information, including whether the price cut announced Friday is permanent or temporary.

Persons: Tesla, Elon Musk, Musk, Uber, Bill Gates, Amazon's, FSD, didn't Organizations: Twitter, California Department of Motor Vehicles, Companies, Tesla Locations: U.S, China, Guangzhou, North America

☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ Record levels of funding propel Denver-Boulder to the top of the life sciences market
▼ + stars: | 2024-04-08 | by ( Chris Dilella | ) www.cnbc.com time to read: +7 min

The Denver-Boulder region is rapidly emerging as a major hub for the life sciences industry, attracting companies that develop cutting-edge medical treatments and technologies. Life sciences research aims to understand living things, from cells to our planet, to improve health, food and the environment. Founded in 2003, the Bioscience Association supports the growth of life sciences, with a focus on access to capital, education, networking and more. A recent CBRE report found Denver-Boulder to be the top U.S. life sciences real estate market, fueled by record investment from venture capitalists and the National Institutes of Health. Entrepreneurial successThe recent surge in venture capital flowing into Denver-Boulder builds on the area's proven track record of success over the past several decades.

Persons: Tim Schoen, BioMed, Schoen, Elyse Blazevich, Kevin Koch, Koch, Edgewise, We've, Dan LaBarbera, LaBarbera, Dr Organizations: BioMed, CNBC, Blackstone, Flatiron, Enveda Biosciences, Denver, Boulder, Colorado Bioscience Association, Bioscience Association, National Institutes of Health, U.S, Pfizer, Therapeutics, University of Colorado, Edgewise Therapeutics, Research, University of Colorado's Anschutz Medical, Center, Drug, Center for Drug, for Drug, Anschutz Medical Locations: CNBC's, Denver, Boulder, Diego, Boulder , Colorado, San Diego, San Francisco, Seattle, Boston, Cambridge, Massachusetts, Aurora, Rocky, Colorado, Boulder ., Denver's

☆ Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
▼ + stars: | 2024-04-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Musk shared the reveal date on Friday after Reuters reported that plans for Tesla's highly anticipated low-cost car model had been scrapped. In 2015, Elon Musk told shareholders that Tesla's cars would achieve "full autonomy" within three years. Tesla still has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles. On Friday, Apple shuttered its self-driving unit and laid off about 600 people on Friday who had been associated with the project.

Persons: Elon Musk, Porte, Tesla, Musk, FSD, Waymo, Uber, Cruise's, Leswing Organizations: Twitter, Viva Technology, Porte de, Reuters, Tesla, Companies, Wayve, Apple, Cruise Locations: Paris, France, Phoenix, San Francisco, Los Angeles, Austin , Texas, Arizona, China, Guangzhou, U.S

☆ Spotify jumps 8% on report it plans to raise prices
▼ + stars: | 2024-04-03 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Spotify stock closed up 8% on Wednesday after a Bloomberg report said the company will increase prices for its premium subscription service in several markets, including the U.S., for the second time in a year. The Swedish music-streaming company will hike prices in the U.S. later this year, Bloomberg reported Wednesday, citing people familiar with the matter. Spotify will raise monthly prices by the end of April by about $1 to $2 in five markets including the United Kingdom, Australia and Pakistan, according to Bloomberg. Spotify will also launch a new basic subscription tier for $11 per month, the same price as the premium plan currently costs, Bloomberg reported. Last year, the audio company raised prices by as much as $2 for its premium subscription in the United States and several other countries.

Organizations: New York Stock Exchange, Spotify, Bloomberg, Apple, YouTube Locations: New York City, U.S, Swedish, United Kingdom, Australia, Pakistan, United States

☆ Starbucks stock is cheap. Here's why we're not planning to buy more of it yet
▼ + stars: | 2024-03-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe. SBUX .SPX YTD mountain Starbucks' year-to-date stock performance compared with the S & P 500. At this point, the question is whether the possibility of a weak quarter and lowered guidance are already priced into Starbucks' stock. In light of the report, we lowered our price target on Starbucks stock to $115 per share from $125, but maintained our 1 rating. A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.

Persons: Jeff Marks, Michael Conway, Brady Brewer, Laxman Narasimhan, it's, Rachel Ruggeri, Morgan Stanley, reshuffling, Wells, Jim Cramer's, Jim Cramer, Jim, Kevin Dietsch Organizations: Down, North, Starbucks International, Starbucks, Deutsche Bank, CNBC, Starbucks Workers, D.C, Getty Locations: U.S, China, Israel, North America, America, Europe, Starbucks China, Wells, Starbucks, Dupont Circle, Washington

☆ Fast-food diners are using loyalty apps to get deals on cheap — or free — food as prices soar
▼ + stars: | 2024-03-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

More diners are using restaurant loyalty apps to get cheap or free food. AdvertisementDiners are turning to fast-food loyalty apps for cheaper meals as years of price hikes catch up with customers. Many restaurant apps give diners points based on how much they spend, which can be redeemed for free food. AdvertisementPeople on Reddit say they're using loyalty apps to save money and get free meals. Some restaurant apps give diners points based on how much they spend.

Persons: McDonald's, —, Wendy's, Taco Bell, I've, Chipotle Martin Jennings, Jennings, Warren Colehour, Sharon Zackfia, William Blair, Annie Smith, Chris Kempczinski, Joe Erlinger, Erlinger, Laxman Narasimhan, Brady Brewer Organizations: Starbucks, Service, Bell Locations: Florida, Kentucky, Canada

☆ Russia's grand railway plan to get around Western sanctions is about to get even bigger
▼ + stars: | 2024-03-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

And it's now also linking south toward India and countries in the Persian Gulf, the New York Times reported on Wednesday. AdvertisementIn addition, Russia is also restoring another railway line that would allow it to access Turkey, the Times reported on Wednesday. Russia's push for rail freight follows two years of Western sanctions against the country over its war in Ukraine. The restrictions hit Russia's trade with Europe, traditionally its single largest market. AdvertisementAs Ram Ben Tzion, the CEO of freight vetting platform Publican, told the Times, Russia is creating "a trade route for the pariahs."

Persons: —, it's, Ram Ben Tzion, David Szakonyi, Szakonyi Organizations: Service, Bloomberg, New York Times, Times, Business, Reuters, West, George Washington University, Profit Locations: Russia, Moscow, China, India, Persian, Iran, Mumbai, Suez, Turkey, Ukraine, Europe, Policymaking, Russian, Crimea

☆ How can foreign investors cash in on India’s growth? Here are the ETFs and stocks to buy
▼ + stars: | 2024-03-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

India's economic prospects are shining bright, attracting global investors eager to capitalize on the country's immense growth potential. The International Monetary Fund expects India's real gross domestic product (GDP) to expand by 6.5% in 2024. However, tapping into these opportunities as a foreign investor is not as straightforward as buying shares listed on the Indian stock exchanges. This allows investors outside India to buy shares more easily. ADRs are a way for investors to own shares in a foreign company, with the shares themselves held by a U.S. bank.

Persons: Malcolm Dorson, Alex Watts, GDRs, Dorson Organizations: Monetary Fund, India Active, Franklin FTSE, Interactive, London Stock Exchange, Major, Nokia, Airtel Locations: India, Franklin FTSE India, U.S, Canada, Germany, France, Finnish, China, Europe

☆ Take advantage of volatility created by geopolitics: Abrdn
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTake advantage of volatility created by geopolitics: AbrdnIrene Goh of Abrdn discusses her approach to investing in Asian markets including China, Japan and India amid expectations of a heightened geopolitical environment this year.

Persons: Abrdn Irene Goh, Abrdn Locations: China, Japan, India

☆ Here are Monday's biggest analyst calls: Nvidia, Alphabet, Salesforce, Arm, CVS, BJ's, Super Micro & more
▼ + stars: | 2024-02-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN

☆ 5 reasons to own Costco despite premium valuation and near record high stock price
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

BMO Capital Markets increased its Costco price target to $770 per share from $700 and kept its buy-equivalent outperform rating on the stock. After last week's release of solid January sales, Costco got a slew of price target raises. COST YTD mountain COST stock price year to date. Costco shares are high in price and also expensive on a valuation basis. Costco stock caught a series of analyst price target increases following last week's strong sales report for the retail month of January.

Persons: Rich Galanti, Gary Millerchip, Galanti, Costco's, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, BMO Capital Markets, BMO, Walmart, Target, Analysts, Gold, UBS, CNBC, Kroger Locations: U.S, Canada, Mexico, North America, United States, South America, China, Shanghai

☆ Citi just added these names to its 'high-conviction' list of stocks — giving one over 50% upside
▼ + stars: | 2024-02-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Citi's target price for Mineral Resources: 71 Australian dollars ($46.8), implying nearly 20% upside. Citi's target price for Stockland: AU$5.10, or around 12% potential upside. Citi's target price for Intuitive Surgical: $428, or around 11.5% potential upside. Prosus Citi says Amsterdam-listed investment group Prosus is one of the European stocks most exposed to China and is set to be a "beneficiary of improving sentiment" to China. Citi's target price for Prosus: 42.50 euros ($46.2), implying 52.5% upside.

Persons: Stockland, Prosus, — CNBC's Michael Bloom Organizations: Citi, Mineral Resources Citi, Mineral Resources, Stockland, Prosus Citi Locations: United States, Europe, Asia, Australia, Amsterdam, China

☆ Airbnb hosts are happily paying this startup $49 a month to take out the trash
▼ + stars: | 2024-01-06 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Some Airbnb guests have protested loudly that cleaning fees are too high and the chores some hosts request upon checkout are too onerous. For $49 a month, it's one less stressor for short-term rental property owners or managers in an increasingly competitive business. Courtesy of Can MonkeyCan Monkey has found customers by starting Facebook groups for Airbnb hosts and owners. Shapiro said he used to get kicked out of other Facebook groups for Airbnb hosts because he posted about Can Monkey, so he started his own. Can Monkey runners have seen guests throw out brand-new suitcases, expensive pool floats, and barely-used elaborate party decorations, he said.

Persons: —, Marc Zagoury, Monkey, Alex Shapiro, Shapiro, Uber, hasn't, It's Organizations: Service, Business, Facebook Locations: Scottsdale , Arizona, Phoenix, Scottsdale, Miami, San Diego, Austin, Denver, Orlando, Nashville, Airbnbs

According to data firm Preqin, only one emerging markets greenfield renewables fund has raised more than Copenhagen wants to amass, although the 2014 $3.26 billion Guangzhou City Development Industry Fund is focused on China. While a deal to phase out fossil fuels has been hard to agree, more than 60 countries have backed a global agreement to triple renewable energy this decade. The growth in demand for electricity is enormous," he told Reuters, adding that renewable energy was often the cheapest energy source. Founded in 2012, Denmark's Copenhagen manages 26 billion euros ($28.3 billion) of assets and runs 12 funds. Recent development projects include an offshore wind farm in Bangladesh and the first 100% foreign-owned offshore wind energy schemes in the Philippines.

Persons: Niels Holst, Holst, Simon Jessop, Tommy Reggiori Wilkes, Jan Harvey Organizations: Copenhagen Infrastructure Partners, Reuters, Guangzhou City Development Industry Fund, Denmark's, Thomson Locations: DUBAI, Copenhagen, China, Dubai, Britain, Denmark's Copenhagen, Bangladesh, Philippines, Asia, Pacific, America

LITTLETON, Colorado, Nov 30 (Reuters) - Over 60% of global electricity generated so far in 2023 was produced by fossil fuels, despite the ongoing aggressive roll-out of renewable energy sources in every major economy. Fossil fuels remain the primary source of global electricity despite steep gains in clean power outputBut with the energy systems of so many influential countries still so dependent on fossil fuels, there is little chance that COP28 meetings will yield the kind of bold power sector overhauls that ardent climate activists may hope for. Global electricity generation by sourceCoal's staying power as the main pillar of the global electricity generation system is at odds with widely held assumptions that coal is being phased out of power systems due to plant closures seen in Western economies in recent years. GAS ON THE UPNatural gas has the second largest share of electricity generation globally, accounting for around 22.6% of total generation so far this year. RENEWABLE REPLACEMENTSWorldwide, electricity generation from renewable sources has grown at nearly triple the pace of fossil fuels since 2019, providing a boost to supporters of the energy transition away from fossil fuels.

Persons: Gavin Maguire, Christopher Cushing Organizations: United Nations, Global, Reuters, Thomson Locations: LITTLETON , Colorado, United States, China, India, Japan, Poland, Turkey, Dubai, Europe, North America, Asia, Indonesia, Philippines, Germany, South Korea

☆ Robinhood opens in UK with low-cost US trading to woo clients
▼ + stars: | 2023-11-30 | by ( Sinead Cruise | ) www.reuters.com time to read: +2 min

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Since then, trading activity has shrunk as people grapple with a cost-of-living crisis caused by high interest rates and inflation. Robinhood said UK customers will have access to commission-free trading of more than 6,000 US-listed stocks and American Depositary Receipts (ADRs), without foreign exchange fees and no account minimums. "For too long, UK investors have incurred high fees to invest in the U.S. markets and earned low returns on their uninvested cash," said Jordan Sinclair, president of Robinhood UK. The online brokerage missed Wall Street estimates for third-quarter revenue earlier this month after a slowdown in trading activity.

Persons: Andrew Kelly, Robinhood, Vlad Tenev, Jordan Sinclair, Sinead Cruise, Kirstin Ridley, Jane Merriman, Barbara Lewis Organizations: Inc, REUTERS, Authority, Robinhood, U.S . Federal Deposit Insurance Corporation, Thomson Locations: New York City, U.S, Britain, United States

A screen showing the Hang Seng stock index is seen outside Exchange Square, in Hong Kong, China, August 18, 2023. The VIX index of S&P 500 implied volatility - the so-called Wall Street 'fear index' - closed at 12.46 on Friday, its lowest close since January 2020. Three central banks in the Asia & Pacific region hold policy meetings this week. Like Bank Indonesia last week, the central banks of New Zealand, South Korea and Thailand are all expected to leave key rates unchanged. But, broadly speaking, no further tightening from the Fed gives central banks in Asia a bit more breathing room.

Persons: Tyrone Siu, Jamie McGeever, Diane Craft Organizations: REUTERS, People's Bank of, MSCI's, Emerging, Bank Indonesia, U.S . Federal, Fed, PPI, U.S, Treasury, Thomson, Reuters Locations: Exchange, Hong Kong, China, Israel, New Zealand, South Korea, Thailand, Australia, India, Japan, People's Bank of China, MSCI's Asia, Asia

With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.

Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU

REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.

Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ Citigroup managing director sues over sexual harassment
▼ + stars: | 2023-11-20 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNEW YORK, Nov 20 (Reuters) - Citigroup (C.N) was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats. Lindsey also accused Citigroup of tolerating a "notoriously hostile" environment in its equities division. Lindsey's lawsuit also seeks damages under New York's Adult Survivors Act for an alleged sexual assault by another Citigroup executive following a December 2007 holiday party. The case is Lindsey v Citigroup Global Markets Inc, U.S. District Court, Southern District of New York, No.

Persons: Chris Helgren, Ardith Lindsey, Mani Singh, Lindsey, Singh, Lindsey's, Frank Underwood, Kevin Spacey, Jeremiah Iadevaia, Jonathan Stempel, Lisa Shumaker Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, North America Markets, U.S, Lindsey, Citigroup Global Markets Inc, Court, Southern District of, Thomson Locations: Toronto , Ontario, Canada, New York, Americas, Manhattan, Singh, Southern District, Southern District of New York

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates said Thursday it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between the airline and the European manufacturer went unusually public during this week's Dubai Air Show. On Tuesday, Emirates President Tim Clark signaled the carrier would hold off on a major purchase of Airbus A350 aircraft over concerns about the Rolls-Royce Trent XWB-97 engines on the 350-1000. A statement issued by Emirates that also quoted Airbus did not mention the engine dispute, but the airline and the manufacturer notably did not hold a news conference at the Dubai Air Show to discuss the purchase. Airbus discontinued its iconic double-decker A380, which is one of the main workhorses of Emirates' fleet. “With this agreement, we mark another solid step forward in the long-standing relationship agreement between Emirates and Airbus,” Airbus Chief Commercial Officer Christian Scherer said in the statement.

Persons: —, Tim Clark, Royce Trent XWB, Royce, Sheikh Ahmed bin Saeed Al Maktoum, Christian Scherer Organizations: United Arab Emirates, Emirates, Airbus, Dubai Air Show, Boeing Co, Tuesday, ” Emirates, ”, Boeing Locations: DUBAI, United Arab, European, Emirates, Dubai

☆ UK lenders step up mortgage price battle as inflation slows
▼ + stars: | 2023-11-15 | by ( Iain Withers | ) www.reuters.com time to read: +2 min

LONDON, Nov 15 (Reuters) - British lenders have accelerated price cuts on mortgages as competition intensifies, inflation slows and markets increase bets on future Bank of England (BoE) interest rate cuts. The latest inflation data on Wednesday showed price rises in Britain fell faster than expected in October, plunging to 4.6% from 6.7% the prior month, leading to further investor bets on BoE rate cuts next year. Reuters GraphicsThe average two-year fixed rate mortgage was priced at 6.19% as of Wednesday, the Moneyfacts data showed, down from a peak this year of 6.86% on 26 July. The country's inflation rate also remains high relative to most other developed economies. Lender cuts to fixed mortgage rates are also unlikely to be matched by variable rates that closely track the BoE rate.

Persons: BoE, John Charcol, Iain Withers, Sinead Cruise, Barbara Lewis Organizations: Bank of England, HSBC, Halifax, Virgin, Mortgage, Reuters, Wednesday, Thomson Locations: Britain

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