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Citigroup rolls out AI tools for employees in eight countries

NEW YORK: Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in ...

Published 09 Dec, 2024 06:43am

Business & Finance

Fed terminates 2013 money-laundering enforcement action against Citigroup

WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed...

Published 02 Oct, 2024 06:19am

Business & Finance

Economy moving in the right direction: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a virtual meeting with Johanna...

Published 06 Sep, 2024 08:01am

World

UK fines Citigroup over European ‘flash crash’

LONDON: British financial regulators Wednesday fined US bank Citigroup for failures in its trading controls after a...

Published 23 May, 2024 05:16am

Business & Finance

Abu Dhabi Islamic Bank in talks to buy $1.1bn stake in Indonesian lender, sources say

SINGAPORE/JAKARTA: Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1...

Published 18 Apr, 2024 11:05am

Business & Finance

Citi profit beats estimates, takes $483mn charge tied to severance costs

Citigroup’s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge...

Published 12 Apr, 2024 07:10pm

Business & Finance

Citi to lay off 363 workers in New York

Citigroup said on Monday its primary banking unit Citibank will lay off 363 employees in New York. The bank said...

Published 01 Apr, 2024 09:37pm

Business & Finance

Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say

HONG KONG: Citigroup Inc has laid off at least 10 people in its equities research department in Asia Pacific this...

Published 27 Mar, 2024 01:57pm

World

Citigroup probes senior IPO banker over bullying claims

NEW YORK: Citigroup is investigating workplace harassment allegations made by at least one employee against a senior...

Published 15 Mar, 2024 04:14am

Business & Finance

JPMorgan picks HSBC, StanChart to run $500bn custody business in Hong Kong, Taiwan

HONG KONG: JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong...

Published 01 Mar, 2024 10:20am

Business & Finance

Citi hires banking head from JPMorgan, prompting reshuffle of bosses

NEW YORK: Citigroup appointed Viswas Raghavan from JPMorgan Chase as its new head of banking, prompting a wave of...

Published 27 Feb, 2024 03:06am

Business & Finance

Citigroup lays off more bosses as CEO Fraser addresses managing directors

NEW YORK: Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s...

Published 19 Jan, 2024 10:24am

Business & Finance

Citi to cut 20 Asia Pacific equity research jobs

HONG KONG: Citigroup’s is planning to lay off around 20 equity researchers in Asia Pacific as part of its global...

Published 18 Jan, 2024 02:40pm

Markets

Wall Street slips as big banks slide

NEW YORK: Wall Street’s main indexes fell on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs...

Published 17 Jan, 2024 06:02am

Business & Finance

US bank Citigroup to cut 20,000 jobs in medium term

NEW YORK: Citigroup plans to cut 20,000 jobs over the next couple of years as part of a corporate reorganization...

Published 15 Jan, 2024 05:03am

Markets

Wall Street subdued as mixed bank earnings limit inflation data cheer

NEW YORK: Wall Street’s main indexes were subdued after giving up early gains on Friday, as a mixed bag of big ...

Published 13 Jan, 2024 05:38am

Business & Finance

Citigroup profit to take $3.8 billion hit on charges, reserves

NEW YORK: Citigroup booked about $3.8 billion in combined charges and reserves that will erode its fourth-quarter...

Published 11 Jan, 2024 11:45am

Business & Finance

Citigroup reorganisation to be completed in first quarter, cost $1 billion

WASHINGTON: Citi-group Chief Financial Officer Mark Mason said on Wednesday the bank’s largest reorganisation in...

Published 11 Dec, 2023 06:41am

Business & Finance

Citigroup reorganization to be completed in first quarter, CFO says

Citigroup Chief Financial Officer Mark Mason said the company will book $1 billion in costs that include...

Published 08 Dec, 2023 11:08am

Business & Finance

Saudi’s Kingdom Holding buys $450mn stake in Citigroup from Alwaleed

DUBAI: Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding said on Wednesday it raised its...

Published 29 Nov, 2023 12:46pm

Business & Finance

Citi shuffles bosses in ‘difficult’ management overhaul

NEW YORK: Citigroup CEO Jane Fraser and top executives announced the next layer of leadership changes as part of a...

Published 27 Nov, 2023 06:13am

Business & Finance

Citi makes new appointments in Asia Pacific as part of restructuring

HONG KONG/SINGAPORE: Citigroup has made new appointments in Asia Pacific following a sweeping global reorganization...

Published 22 Nov, 2023 11:51am

Business & Finance

Citigroup employees brace for layoffs, management overhaul

NEW YORK: Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of...

Published 20 Nov, 2023 04:42pm

Markets

S&P 500, Nasdaq down

BENGALURU: The S&P 500 and the Nasdaq fell on Friday, as a decline in megacap stocks overshadowed upbeat...

Published 14 Oct, 2023 05:32am

Markets

China stocks slip amid mixed holiday data

SHANGHAI: China stocks closed slightly lower on Monday as trading resumed following a long holiday and as mixed...

Published 10 Oct, 2023 06:19am

Markets

Citigroup to sell China consumer wealth business to HSBC

Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets...

Published 09 Oct, 2023 10:38am

Markets

Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024

Goldman Sachs economists said they now expect the US Federal Reserve to begin its interest rate-cutting cycle in the...

Published 21 Sep, 2023 12:41pm

Business & Finance

Citigroup CEO makes sweeping management changes to simplify bank, cut jobs

NEW YORK: Citigroup CEO Jane Fraser announced a major management reorganization that will see more job cuts and give...

Published 18 Sep, 2023 06:32am

Business & Finance

Slower, but still strong US employment growth expected in July

WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a...

Published 04 Aug, 2023 10:03am

Business & Finance

Citigroup profits drop less than expected

NEW YORK: Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from...

Published 17 Jul, 2023 03:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	156.45
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
India Sensex / Dec 30	78,248.13
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Hang Seng / Dec 30	20,111.38
FTSE 100 / Dec 30	8,121.01
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14

Item	Value
Crude Oil USD/Barrel / Dec 30	71.36
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Gold Spot USD/Ounce / Dec 30	2,604.69
Cotton US¢/pound / Dec 30	68.76
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.63 ▲ 0.63 (15.75%)
Chenab Ltd (Pref) / Dec 31 Chenab Limited (Pref)(CLCPS)	4.71 ▲ 0.49 (11.61%)
Chenab Ltd / Dec 31 Chenab Limited(CHBL)	10.28 ▲ 1.00 (10.78%)
Gulistan Sp. / Dec 31 Gulistan Spinning Mills Limited(GUSM)	9.54 ▲ 0.92 (10.67%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Liven Pharma / Dec 31 Liven Pharma Limited(LIVEN)	150.54 ▲ 13.69 (10.00%)
Pak Datacom / Dec 31 Pak Datacom Limited(PAKD)	167.41 ▲ 15.22 (10.00%)
Shahtaj Sugar / Dec 31 Shahtaj Sugar Mills Limited(SHJS)	102.66 ▲ 9.33 (10.00%)

Stock	Price
Nazir Cotton Mills / Dec 31 Nazir Cotton Mills Limited(NCML)	11.51 ▼ -1.24 (-9.73%)
Jubilee Spinning / Dec 31 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.55 ▼ -0.95 (-8.26%)
Rupali polyester / Dec 31 Rupali Polyester Limited(RUPL)	19.75 ▼ -1.76 (-8.18%)
Supernet Ltd. / Dec 31 Supernet Limited (GEM)(GEMSPNL)	18 ▼ -1.55 (-7.93%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	44 ▼ -3.68 (-7.72%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)
Bank of Khyber / Dec 31 The Bank of Khyber(BOK)	13.93 ▼ -0.90 (-6.07%)
Dewan Sugar / Dec 31 Dewan Sugar Mills Limited(DWSM)	6.24 ▼ -0.24 (-3.70%)
Data Agro / Dec 31 Data Agro Limited(DAAG)	129.10 ▼ -4.88 (-3.64%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	125,613,935 ▲ 0.16
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.02
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.01
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▲ 0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.05
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▲ 0.28
Sui South Gas / Dec 31 Sui Southern Gas Company Limited(SSGC)	30,315,237 ▼ -0.22
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	29,105,477 ▼ -0.16
Telecard Limited / Dec 31 Telecard Limited(TELE)	26,616,811 ▲ 0.17

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