Latest News

AMD Could Bottom Out in the Low 70s

0

Reuters

Citi CEO says sanctions will splinter global financial order

Western countries’ use of economic sanctions to punish Russia for its invasion of Ukraine is prompting some international clients of Citigroup Inc to explore new ways to conduct trade and finance, the bank’s chief executive said on Monday. In the Middle East, CEO Jane Fraser said, “you hear the clients there talk about the fact that they don’t trust the western financial order to put all of their eggs in that basket going forward, that they are going to be looking at other places.” Fraser, speaking on a panel at the Milken Institute Global Conference, added: “You have to anticipate the splintering of the old global financial order, the acceleration of new venues.”

*Czech Apr Manufacturing PMI 54.4 Vs. 54.7 In March

Previous article

*Italy Apr Manufacturing PMI 54.5 Vs. 55.8 In Mar, Consensus 55.0

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News