By Agency Reporter Wednesday, 8 Dec 2010 The United States Treasury Department has sold its remaining stock in Citigroup Incorporation for $10.5bn, bringing the country‘s third-biggest bank a step closer to independence from the government, after a $45bn bail-out in 2008, Bloomberg reported on Tuesday. The Treasury said it disposed of […]

By Agency Reporter Wednesday, 8 Dec 2010 The Chief Executive Officer, Citigroup Incorporated, Mr. Vikram Pandit, visits South Africa and Nigeria this week, as international banks look for African deals to compensate for slower growth in developed economies. Pandit’s trip to the continent’s biggest economies, his first business visit to Africa, […]

By Agency Reporter Wednesday, 8 Dec 2010 European shares hit a 26-month high on Tuesday, with commodity issues gaining on strong crude and metals prices. By 12.24 GMT, the pan-European FTSEurofirst 300 .FTEU3 Index of top shares was up 1.3 per cent at 1,119.31 points, having earlier hit its highest intraday […]