DUBAI/WAM The UAE Year of Community 2025 has come to a close, successfully concluding its …
Read More »Citi profit beats as tumult spurs currencies, commodities
Bloomberg Citigroup Inc is collecting a windfall from tumultuous international markets, even as a dimming economic outlook and Russia’s invasion of Ukraine pose billions of dollars in risks. The bank’s second-quarter profit soared past analysts’ estimates, driven by unexpectedly large hauls from currencies, commodities and interest-rates trading and its shuttling of corporate money over borders. Net income amounted to …
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