Markets News 

We asked 2 of Citigroup’s top executives what they look for when hiring senior investment bankers

“Citigroup’s investment bank has been making strides in recent years to compete for top honors in the league tables” writes Alex Morrell for businessinsider.com. And the bank this week promoted 33 staff in its corporate and investment bank to managing director, along with seven staff in capital markets origination. Business Insider recently spoke with McGuire and Tyler Dickson, the global head of capital markets origination, about what they look for in hiring senior-level bankers: Responses have been lightly edited for length and clarity.One key to Citi’s success is talent — retaining their…

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News 

Public Investment Will Decline Under GOP Tax Plan

“GOP lawmakers are no doubt confident the gains from extra private investment handily outweigh the losses from lower public investment” reports realclearmarkets.com. Measured as a share of the U.S. economy, combined federal, state, and local investment spending hit a six-decade low in 2016.The GOP tax package is anti-growth in at least one respect: It’s likely to cut public spending devoted to investing in the future.We do know, however, that the final law will cut federal revenues by at least $1 trillion over the next decade.An overwhelming share of education spending…

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Markets News Stocks 

The ghosts of the financial crisis are haunting investors 9 years later

“Now, nearly nine years and a 300% stock market rebound later, stock investors are still grappling with the ghosts of the financial crisis, even as the bull market rages on” writes Joe Ciolli for businessinsider.com. As soon as major indexes slip a bit, bullish investors are waiting there to scoop up more exposure at more reasonable valuations.This so-called “dip buying” has driven a great deal of equity strength during the bull market.The market crash of 2008 was the worst anyone could remember.For another example, look no further than the second…

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Brokers News 

Korea Investment & Securities Buys Indonesian Brokerage for ‎‎$36.6 Million

“Korea Investment & Securities Co., Ltd. provides financial services and offers securities dealing, brokerage, underwriting, online trading, and asset management services” reports financemagnates.com. Ltd. has acquired a 75 percent stake in a mid-sized Indonesian securities firm for USD 36.6 million ‎(40 billion won)‎ in early December, according to a company statement. Source: financemagnates.com Share This:

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Markets News 

Germany outpaces UK for commercial real estate investment, survey finds

“Investor interest in German commercial real estate has risen above even London’s buoyant market, according to research” writes Joker Walter G for cnbc.com. “Germany is seen as the safe haven of Europe, it has the strongest economy, a liquid market and the ongoing political uncertainty is not making markets worried,” Thomas Schneider, chief investment officer and founder of online marketplace BrickVest, told CNBC over the phone.According to BrickVest’s research, which surveyed 3,500 people, one in three commercial real estate investors say Germany is the top region to invest in Europe…

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Saudi sovereign fund plans cinema venture with AMC Entertainment

“DUBAI (Reuters) – Saudi Arabia’s main sovereign wealth fund said it planned to enter the cinema business with major U.S.-based movie exhibition company AMC Entertainment Holdings, as the conservative kingdom lifts a 35-year-old ban on cinemas” writes Midwest Communications Inc for 95kqds.com. “In line with the fund’s mandate to help unlock promising new sectors within the kingdom, PIF and AMC Entertainment will explore theatrical exhibition and related investment and partnership opportunities in Saudi Arabia,” the Public Investment Fund said. The fund is getting into a wide range of industries from…

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Markets News 

I’m 29 and I manage $100 million — here are the 7 best pieces of advice I can give you about investing

“Surprisingly, the ones that will love you are the ones that you’ve hated for years: the foreign markets this year” writes Michelle Mckinnon for businessinsider.com. Now it doesn’t take a CFP professional to see that the US markets are doing well, but what about the foreign markets?. The common assumption is that one day interest rates will move higher and never come back down.A podcast where we dive into every day financial questions with female trailblazers.This means adding exposure to not only the foreign markets but also to the bond…

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Brokers GBP News 

Ex-London brokers cash in on Brexit with shop selling Marmite and bean

“Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit” writes Stephanie Bodoni for independent.co.uk. In the race to attract London business after Brexit, Luxembourg has already become the nation of choice for several insurers, funds and banks. Source: independent.co.uk Share This:

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Alibaba is reportedly investing $200 million in an Indian grocer, in a challenge to rival Amazon

“Alibaba is set to invest $200 million in Bigbasket, India’s largest online grocer, Bloomberg reports, citing sources familiar with the talks, escalating competition with rival Amazon” writes Justin Solomon for cnbc.com. The investment would earn the Chinese e-commerce giant a 25 percent stake in Bigbasket and a foothold in two burgeoning e-commerce markets: the nascent Indian e-commerce industry and the online grocery industry.Amazon CEO Jeff Bezos said earlier this year the company would invest $3 billion in India to challenge local names like Flipkart and Snapdeal, but the American titan…

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