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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 244.46 points, or 1.2%, at 19,556.15, its lowest closing level since June 23. "Gold is back in the danger zone as Treasury yields rise alongside a stronger (U.S.) dollar," Edward Moya, a senior market analyst at OANDA, said in a note. Energy was a bright spot, rising 0.8%, as the price of oil settled 0.8% higher at $90.39 a barrel. Shares of Westshore Terminals Investment Corp (WTE.TO) ended 10% lower as RBC cut its price target on the stock.

Persons: Chris Helgren, Peter Anderson, Edward Moya, Industrials, Fergal Smith, Khushi Singh, Tasim Zahid, Marguerita Choy Organizations: Toronto Stock Exchange, REUTERS, Energy, Toronto Stock, Andersen Capital Management, Investment Corp, RBC, Thomson Locations: Toronto , Ontario, Canada, Toronto, Bengaluru

☆ India anti-terror agency seizes properties of alleged Khalistan militant
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Pro-independence Khalistan flags are seen at the Guru Nanak Sikh Gurdwara temple, site of the June 2023 killing of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 20, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNEW DELHI, Sept 23 (Reuters) - India's federal anti-terror agency on Saturday said it confiscated the properties of an alleged Khalistani militant whom it accuses of terror activities in India, as tensions with Canada grow over Sikh separatists. The anti-terror agency had registered a case against the alleged militant in 2019 for spreading fear and terror in Punjab and other parts of the country. NIA issued non-bailable warrants of arrest against Pannu in February 2021 and he was declared a ‘Proclaimed Offender (PO)' in November last year. Reporting by Sarita Chaganti Singh; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Gurpatwant Singh, Justin Trudeau, Sarita Chaganti Singh, Clelia Organizations: REUTERS, National Investigation Agency, Canadian, NIA, Pannu, Thomson Locations: Khalistan, Surrey, British Columbia, Canada, DELHI, federal, India, India's, Punjab

☆ Five Eyes intelligence informed Trudeau's India allegation: CTV
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Ambassador to Canada David Cohen confirmed that "shared intelligence among Five Eyes partners" had informed Canadian Prime Minister Justin Trudeau of the possible involvement of Indian agents in the murder of a Canadian citizen in June, CTV News reported. Intelligence-sharing network Five Eyes includes the U.S., Britain, Canada, Australia and New Zealand. Trudeau said on Monday that Ottawa had credible intelligence linking Indian agents to the murder of Sikh separatist leader Hardeep Singh Nijjar in Vancouver, prompting an angry reaction from New Delhi, which denies the allegation. Cohen did not comment to CTV News on the type of intelligence that had informed the Canadian government. "It would be important that India work with the Canadians on this investigation.

Persons: David Cohen, Justin Trudeau, Trudeau, Hardeep Singh, Cohen, Hardeep Singh Nijjar, Nanak, Chris Helgren, Antony Blinken, Gokul, Jan Harvey Organizations: Canadian, CTV News, Intelligence, Ottawa, REUTERS, CBC News, Thomson Locations: Britain, Canada, Australia, New Zealand, Vancouver, New Delhi, United States, Surrey, British Columbia, U.S, Delhi, India, Bengaluru

☆ Shared intelligence from Five Eyes informed Trudeau's India allegation, CTV News reports
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Ambassador to Canada David Cohen confirmed that "shared intelligence among Five Eyes partners" had informed Canadian Prime Minister Justin Trudeau of the possible involvement of Indian agents in the murder of a Canadian citizen in June, CTV News reported. Trudeau said on Monday that Ottawa had credible intelligence linking Indian agents to the murder of Sikh separatist leader Hardeep Singh Nijjar in Vancouver, prompting an angry reaction from New Delhi, which denies the allegation. The Canadian government amassed intelligence from both human and electronic sources in a months-long investigation into the murder, CBC News reported separately on Thursday. Cohen did not comment to CTV News on the type of intelligence that had informed the Canadian government. "It would be important that India work with the Canadians on this investigation.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, David Cohen, Justin Trudeau, Trudeau, Hardeep Singh, Cohen, Antony Blinken, Gokul, Jan Harvey Organizations: REUTERS, Canadian, CTV News, Intelligence, Ottawa, CBC News, Thomson Locations: Surrey, British Columbia, Canada, Britain, Australia, New Zealand, Vancouver, New Delhi, United States, U.S, Delhi, India, Bengaluru

☆ Exclusive: India's JSW Steel slows process to buy stake in Canada Teck coal unit, source says
▼ + stars: | 2023-09-21 | by ( Neha Arora | ) www.reuters.com time to read: +3 min

The source said discussions between JSW Steel - India's largest steelmaker by capacity - and Teck over the stake sale had slowed down, although work on the paperwork continued. JSW Steel declined to comment. "We do not comment on market rumours or speculation," Teck Resources said in an emailed response to Reuters queries. JSW steel is one of the largest customers of Teck's coal business. For India, Canada is the fourth-largest exporter of coking coal used in the steel business, according to Indian government data.

Persons: Chris Helgren, Teck, JSW Steel, JSW, Glencore, Neha Arora, Divya Rajagopal, Clara Denina, Emelia Sithole, Mark Porter Organizations: Teck Resources, Developers Association of Canada, REUTERS, JSW Steel, Ottawa, British Columbia, JSW, Reuters, Investment, Standard Chartered, Deutsche Bank, Japan's Nippon Steel, Thomson Locations: Teck, Toronto , Ontario, Canada, DELHI, India, New Delhi, Canadian, British, Vancouver, Australia, Russia, United States, Toronto, London

☆ Exclusive: India's JSW Steel slows process to buy stake in Canada Teck coal unit -source
▼ + stars: | 2023-09-21 | by ( Neha Arora | ) www.reuters.com time to read: +3 min

☆ India's opposition Congress dismisses Canada's suspicions on Sikh leader's murder
▼ + stars: | 2023-09-20 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada. Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau's, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: REUTERS, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Delhi, India's, Punjab, New Delhi, Australia, Britain, United States, Ottawa, Indian

A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. India Prime Minister Narendra Modi's government has categorically rejected Canada's suspicions that Indian agents had links to the murder. The dispute deals a fresh blow to diplomatic ties that have been fraying for years, with New Delhi unhappy over Sikh separatist activity in Canada. The Washington Post reported on Tuesday that weeks before Trudeau's allegations against India, Canada had asked its closest allies, including the U.S., to publicly condemn the Sikh separatist leader's killing, but the requests were turned down. The Canadian foreign ministry also said that claims that "Canada asked allies to publicly condemn the murder of Hardeep Singh Nijjar, and were subsequently rebuffed, are false."

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, John Kirby, Justin Trudeau, Kirby, Narendra Modi's, There's, Nijjar, Jarrett Renshaw, Leslie Adler, Timothy Gardner, Bill Berkrot Organizations: REUTERS, Canadian, India, Washington Post, Thomson Locations: Surrey, British Columbia, Canada, India, New Delhi, United States, U.S, Canadian, Australia, New Zealand

☆ Hardeep Singh Nijjar: Who was the Sikh leader murdered in Canada?
▼ + stars: | 2023-09-19 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. Here is what is known about Hardeep Singh Nijjar, the man at the centre of the row. - He was initially associated with the Babbar Khalsa International (BKI) Sikh separatist group, according to India's counter-terrorist, National Investigation Agency. - For supporters demanding a so-called independent Sikh state of Khalistan, Nijjar was a prominent leader and a strong voice for the cause. - He was elected head of the Guru Nanak Sikh Gurudwara, a Sikh place of worship, in Surrey, the Vancouver suburb where he lived.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, India's, Nijjar, Sakshi Dayal, YP Rajesh, Sharon Singleton Organizations: REUTERS, Khalistan Extremism Monitor, for Conflict Management, Babbar Khalsa International, National Investigation Agency, Pakistan's Inter, Services Intelligence, Khalistan Tiger Force, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, Ottawa, New Delhi, India, Jalandhar district, India's, Punjab, Islamabad, Indian, Vancouver

The Sikh religion was founded in Punjab in the late 15th century and currently has about 25 million followers worldwide. Sikh separatists demand that their homeland Khalistan, meaning "the land of the pure", be created out of Punjab. The Khalistan movement is considered a security threat by the Indian government. In April this year, India arrested a self-styled preacher and Sikh separatist Amritpal Singh for allegedly reviving calls for Khalistan, sparking fears of new violence in Punjab. Canadian Trade Minister Mary Ng is postponing a planned trade mission to India.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Indira Gandhi, Sant Jarnail Singh Bhindranwale, Gandhi, Amritpal Singh, Narendra Modi, Trudeau, Mary Ng, Rupam Jain, Shivam Patel, YP Rajesh, Mark Heinrich Our Organizations: REUTERS, Canadian, Air, Air India Boeing, Indian, India . Canadian Trade, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Punjab, New Delhi, Air India, Britain, Australia, U.S

☆ India-Canada relations: how could trade be affected as tensions rise?
▼ + stars: | 2023-09-19 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

On Tuesday, New Delhi dismissed the allegations as "absurd", and asked Canada instead to crack down on anti-India elements operating in its territory. Here is what is at stake for both countries:HOW ARE TRADE TALKS AFFECTED? Steady growth has seen goods trade rising to $8 billion in 2022, with Indian exports to Canada touching $4 billion and imports from Canada also worth $4 billion. Pharmaceutical products, worth about $418 million, made up the bulk of Indian exports last year, followed by iron and steel products worth about $328 million and machinery, nuclear reactors and boilers worth about $287 million. India's growing demand for imported lentils has benefited Canadian farmers, while Indian pharmaceutical and software companies have expanded their presence in the Canadian market.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau, Canpotex, Manoj Kumar, Arpan Varghese, Jaiveer, Clarence Fernandez, Anil D'Silva Organizations: REUTERS, Trading Economics, UN, Canpotex, Pharmaceutical, Caisse, Ontario Teachers, Bombardier, SNC Lavalin, TCS, Infosys, Wipro, Canadian Bureau of International Education, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, New Delhi, India's, Punjab, Bengaluru

☆ India-Canada tensions hit crisis point after assassination allegations: Here's what you need to know
▼ + stars: | 2023-09-19 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

A security personnel stands guard outside the Canadian High-Commision in New Delhi, India, September 19, 2023. In retaliation, India expelled a senior Canadian diplomat after summoning Canada's High Commissioner to the country, the foreign ministry said. This came just hours after Foreign Minister Melanie Joly announced that Ottawa had expelled a top Indian diplomat. Adnan Abidi | ReutersPrior to the Group of 20 nations' leaders' summit two weekends ago, Ottawa had paused talks on a proposed trade treaty with Indian Prime Minister Narendra Modi's Bharatiya Janata Party government. India's Prime Minister Narendra Modi (R) shakes hand with Canada's Prime Minister Justin Trudeau ahead of the G20 Leaders' Summit in New Delhi on September 9, 2023.

Persons: Adnan Abidi, Hardeep Singh, Justin Trudeau, Canada's, Melanie Joly, Trudeau, Moninder Singh, Nanak, Hardeep Singh Nijjar, Chris Helgren, Joly, it's, Narendra Modi's, Subrahmanyam Jaishankar, Indira Gandhi, Narendra Modi, Evan Vucci Organizations: Canadian, Reuters, Canadian Government, Ottawa, Indian, Narendra Modi's Bharatiya Janata Party government, India, of, India's, Canada's, Afp, Getty Locations: New Delhi, India, Reuters India, Canadian, Canada, British Columbia, Ottawa, Indian, Sikh, Surrey, Australia, United Kingdom, China, Brampton, of Canada

A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. Prime Minister Justin Trudeau announced on Monday that domestic intelligence agencies were actively pursuing credible allegations tying New Delhi's agents to the shooting of Hardeep Singh Nijjar, 45, in June. "We've been working with the U.S. very closely, including on the public disclosure yesterday," the source said. India quickly dismissed Trudeau's assertion as absurd, and said it was expelling a Canadian diplomat, a tit-for-tat move after Canada expelled India's top intelligence figure on Monday. New Delhi, which has urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, We've, Trudeau, Roland Paris, We're, Pierre Poilievre, Jesse Singh, Singh, Nijjar, Steve Scherer, David Ljunggren, David Brunnstrom, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Rights, U.S, Tuesday, Canada, India's, University of Ottawa, State Department, Conservative, Washington’s Hudson Institute, Thomson Locations: Surrey, British Columbia, Canada, United States, Canadian, India, New Delhi, University of Ottawa . U.S, Indian Government, America, . New Delhi, Ottawa, India's, Punjab, Pakistan

☆ UK in close touch with Canada over 'serious allegations' against India
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsLONDON, Sept 19 (Reuters) - Britain said on Tuesday it was in close touch with its Canadian partners about "serious allegations" from Ottawa that the Indian government was involved in the murder of a Sikh separatist leader in Canada. "We are in close touch with our Canadian partners about these serious allegations," a government spokesperson said. Canada said on Monday it was "actively pursuing credible allegations" that linked Indian government agents to Hardeep Singh Nijjar's murder in British Columbia in June. India dismissed the accusation as "absurd and motivated" and urged Canada instead to take legal action against anti-Indian elements operating from its soil.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Hardeep Singh, Sachin Ravikumar, Kate Holton Organizations: REUTERS, Thomson Locations: Surrey, British Columbia, Canada, Britain, Ottawa, India, New Delhi, Canadian

[1/2] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 18 (Reuters) - Canadian Prime Minister Justin Trudeau said on Monday Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia in June. * First responders located a man, later identified as 45-year old Hardeep Singh Nijjar, suffering from multiple gunshot wounds inside a vehicle. * In July, investigators released information to the public of the believed route taken by the two suspects after the murder. * There were suspicions raised by local community members that there may have been foreign interference in the murder of the Sikh separatist leader.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Nijjar, Timothy Pierotti, Trudeau, Melanie Joly, Kanishka Singh, Michael Perry Organizations: REUTERS, Canadian, Monday Canada, Canada's Royal Canadian Mounted Police, RCMP, Homicide, Toyota Camry, Thomson Locations: Surrey, British Columbia, Canada, India, Washington

☆ India dismisses as 'absurd' Canada's accusation on Sikh leader's murder
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren Acquire Licensing RightsNEW DELHI, Sept 19 (Reuters) - India characterised as "absurd and motivated" an accusation by Canada that it was involved in the murder of a Sikh separatist leader, urging the country instead to take legal action against anti-Indian elements operating from its soil. Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of Sikh separatist leader Hardeep Singh Nijjar, Prime Minister Justin Trudeau told the House of Commons on Monday. Nijjar, who was shot dead outside a Sikh temple in June, had been designated a "terrorist" by India in July 2020, following his support for a Sikh homeland in the form of an independent state of Khalistan. Modi, in turn, conveyed strong concern to Trudeau over recent demonstrations in Canada by Sikhs calling for an independent state. Khalistan is an independent Sikh state whose creation has been sought for decades.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau, Nijjar, Trudeau, Narendra Modi, Modi, Sakshi Dayal, Jacqueline Wong, Clarence Fernandez Organizations: REUTERS, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, New Delhi, Punjab

☆ Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed - sources
▼ + stars: | 2023-09-18 | by ( Clara Denina | ) www.reuters.com time to read: +3 min

The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. CIOH is 75% held by Aluminum Corporation of China (Chinalco) and 20% by Baowu Steel Group, with China Railway Construction Corporation (CRCC) and China Harbour Engineering Company (CHEC) each holding 2.5%. Simandou's other two blocks are owned by the Winning Consortium Simandou (WCS), made up of Singapore-based Winning International Group, Weiqiao Aluminium - part of the China Hongqiao Group (1378.HK) - and United Mining Suppliers. Rio earmarked $800 million for its share of the development in 2023 and around $2 billion a year in 2024 and 2025. Reporting by Clara Denina; Additional reporting by Felix Njini and Amy Lv; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, CIOH, CHEC, Simandou, Raphael Gnambalamou, Clara Denina, Felix Njini, Amy Lv, Jan Harvey Organizations: Rio Tinto, Developers Association of Canada, REUTERS, Ore Holdings, CIOH, Aluminum Corporation of China, Baowu Steel, China Railway Construction Corporation, China Harbour Engineering Company, Weiqiao, China Hongqiao, HK, United Mining Suppliers, Thomson Locations: Rio, Toronto , Ontario, Canada, Simandou, Guinea, China, Singapore

[1/3] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. Here are some recent examples of uneasy ties between the two countries:Sept 2023: Canadian Trade Minister Mary Ng postponed a trade mission to India planned for October. Sept 2023: Indian Prime Minister Narendra Modi conveyed strong concerns about protests in Canada against India to Trudeau on the sidelines of the G20 summit in New Delhi. Indira Gandhi was assassinated in 1984 by two Sikh bodyguards after she allowed the storming of the holiest Sikh temple, aimed at flushing out Sikh separatists who demanded an independent homeland to be known as Khalistan. March 2023: India summoned Canada's High Commissioner to convey concern over pro-Khalistan protesters in Canada who breached the security of India's diplomatic mission and consulates.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Mary Ng, Narendra Modi, Trudeau, Indira Gandhi, Canada's, Kanishka Singh, Sandra Maler Organizations: REUTERS, Canadian, Canadian Trade, Indian, Sikh, Air, Air India Boeing, Thomson Locations: Surrey, British Columbia, Canada, Ottawa, New Delhi, Punjab, India, Air India, Washington

A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018. REUTERS/Chris Helgren/File Phoo Acquire Licensing RightsTORONTO, Sept 13 (Reuters) - Canada's main stock exchange operator, TMX Group, is urging companies seeking to list on its platform to accelerate their plans, a top exchange official said, citing an uncertain economy and next year's U.S. presidential election as factors shrinking the window of opportunity. McPherson said TMX has advised companies seeking to list that the "window of opportunity" for initial public offerings, when it opens, might be a short window of three to six months rather than a year. "There is a pipeline out there that's waiting for the right time to enter the market," McPherson said. In Canada the central bank has raised key interest rate to 22-year high of 5% to fight stubborn inflation.

Persons: Chris Helgren, Dean McPherson, McPherson, TMX, Divya Rajagopal, David Gregorio Our Organizations: TMX Group, Toronto Stock Exchange, REUTERS, Rights, TMX, Mining, Reuters, U.S, TSX, Thomson Locations: Toronto , Ontario, Canada, Ukraine, Russia

BP scaled back its energy transition strategy earlier this year but still stands out among rivals as the only oil major with plans to cut oil and gas output by 2030 by 25%. Auchincloss told staff in a brief town hall meeting on Wednesday that the company's aims were unchanged. As part of his energy transition strategy he had committed to BP reaching net-zero emissions by 2050. BP's strategy came under renewed scrutiny after rival Shell (SHEL.L) slowed down its energy transition strategy in June. "(The BP board) have enough flexibility within the current strategy to focus more on cash flow," a second source close to the company said.

Persons: Chris Helgren, Looney, Murray Auchincloss, Bernard Looney's, Auchincloss, hasn't, Helge Lund, Murray, Ron Bousso, Dmitry Zhdannikov, Jane Merriman, Mark Potter, Elaine Hardcastle Organizations: BP, REUTERS, Board, Investors, Canadian, Reuters, Shell, Thomson Locations: Vancouver , British Columbia, Canada

☆ Citigroup's business heads in revamped structure
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. He is an alum of the London Business School and the London School of Economics. In 2021, he became the global head of Citi's treasury and trade solutions arm. ANDY SIEG, WEALTH The incoming head of Citi's wealth management unit starts on Sept. 27, after running Bank of America's powerhouse Merrill Lynch Wealth Management division since 2017. He was previously the head of the consumer bank in Asia and Europe, Middle East and Africa.

Persons: Chris Helgren, Jane Fraser, SHAHMIR, Khaliq, Fraser, ANDREW MORTON, Morton, Lehman, PETER BABEJ, ANDY SIEG, Merrill, GONZALO LUCHETTI, Niket, Lananh Nguyen, Chizu Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, London Business School, London School of Economics, Morton, Heath, Lehman Brothers, Citi Asia Pacific, Deutsche Bank, Lazard, of America's, Merrill Lynch Wealth Management, JPMorgan Chase, Bain & Company, Thomson Locations: Toronto , Ontario, Canada, Fraser, Jarrow, Asia, Europe, Middle East, Africa, Bengaluru

☆ Wealthy families pile into bonds, private equity while shedding stocks - Citi
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's (C.N) private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. Investors sought out private equity investments in the first half while the market for initial public offerings (IPOs) stayed sluggish. But the private equity investments are more conservative now than in previous years. The family offices surveyed had an average portfolio allocations that included 22% in both public and private equities respectively, 16% fixed income and 12% cash.

Persons: Chris Helgren, Hannes Hofmann, Ida Liu, Tatiana Bautzer, Lananh Nguyen, Stephen Coates Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Treasury, Citi Private Bank, Citi's Private Bank, Thomson Locations: Toronto , Ontario, Canada, U.S, China

☆ Wireless cellular service to be made available to all Toronto subway riders from October
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 14, 2022. François-Philippe Champagne, minister of innovation, science and industry, also said all carriers operating in Toronto must expand their existing network coverage to provide full voice, text and data services throughout the subway system. The lack of reliable cellular connectivity across the transit system has been a pain point for metro riders in Toronto, hampering access to emergency services when commuting via public transit, leaving passengers frustrated. Currently, only some carriers, including Rogers Communications (RCIb.TO) and Freedom Mobile, provide customers with wireless service in the subway system. "Cellular connectivity on the subway is about more than just convenience.

Persons: Chris Helgren, Philippe Champagne, Champagne, Deborah Sophia, Shailesh Organizations: Rogers, Rogers Communications, REUTERS, Canadian, Monday, Champagne, Freedom Mobile, Thomson Locations: Toronto, Ontario, Canada, François, Bengaluru

☆ Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 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/File Photo/File Photo Acquire Licensing RightsSept 8 (Reuters) - Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region's economy to shrink "gently" over the next three quarters. The Wall Street brokerage had earlier forecasted that the real gross domestic product (GDP) of the euro area, which includes Germany, France, Italy and Spain among others, to grow at 0.8%. They also expect the economy to shrink by 0.1% in 2024, compared to 0.8% growth expected earlier. Cyclical and structural headwinds to euro area growth are "too strong," Citigroup economists, led by Christian Schulz, said in a note dated Thursday.

Persons: Chris Helgren, Christian Schulz, Schulz, Roshan Abraham, Rashmi Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Thomson Locations: Toronto , Ontario, Canada, Germany, France, Italy, Spain, China, Bengaluru

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