Buy low, sell high. That's the investor's credo, and one Apple Inc appears to have followed when it pounced on a drop in its own stock price to buy $14 billion of its shares in two weeks.
Sony Corp has tapped Morgan Stanley and Citigroup to help sound out options for its entertainment business, according to a media report...
India's current account deficit for financial year 2013 is likely to rise to $ 87.9 billion or 4.7 percent of GDP as against $76 billion or 4 percent of the gross domestic product estimated earlier, Citigroup said in a research note.
Citigroup has lowered India's economic growth forecast to 5.7 percent, from 6.2 percent earlier, for the next financial year and said continued action from all policy makers is needed to reverse the decline.
The cuts are Chief Executive Michael Corbat's first major steps to reorganize the company since he took the reins in October after directors pushed out his predecessor, Vikram Pandit.
Citigroup Chief Executive Vikram Pandit has resigned effectively immediately, the company said on Tuesday in a statement from Chairman Michael O'Neill.
Citigroup downgraded Reliance Industries to "neutral" from "buy", but raised its target price to Rs 847 from Rs 818.