Citigroup Inc News
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Updated 29 minutes ago
The yen weakened for a second day against the dollar as the Federal Reserve holds a two-day meeting that may provide more information about when U.S. policy makers will start to reduce bond purchases.
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Updated 1 hour, 38 minutes ago
Venture capital funds run in-house by companies defended their ability to serve entrepreneurs at the Bloomberg Next Big Thing Summit after Union Square Ventures’ Fred Wilson ridiculed them earlier this month.
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Wells Fargo & Co. marketed a risky securities-lending program as safe and cost institutional investors millions of dollars in losses, a lawyer said at the start of trial.
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African Minerals Ltd., studying a $2 billion iron-ore mine expansion in Sierra Leone, is considering acquisitions in commodities such as copper and steelmaking raw materials.
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European stocks were little changed as U.S. housing starts for May missed estimates amid concern the Federal Reserve will signal stimulus cuts at its policy meeting starting today.
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Beats Electronics LLC, the headphone maker founded by music producer Jimmy Iovine and rapper Dr. Dre, decreased a loan and increased its rate, according to a person with knowledge of the matter.
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Deutsche Bank AG said commodity prices are poised to remain in “subdued territory for years to come” after a bull run that drove prices up almost fourfold in the last 12 years.
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Updated 35 minutes ago
Tom Hayes, the former UBS AG and Citigroup Inc. derivatives trader, was charged as part of the U.K.’s investigation into manipulation of the London interbank offered rate.
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Robusta coffee, down 7.3 percent this month, resumed declines as speculators bet on lower prices and rains improve the outlook for the next crop in Vietnam, the world’s top producer of the variety. Sugar retreated.
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Bahrain, the Persian Gulf kingdom planning to sell bonds as early as this week, faces rising borrowing costs after its yields jumped to a nine-month high.
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