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Hong Kong’s anti-graft watchdog and financial regulator have arrested eight people and raided three firms over suspected insider dealing and corruption worth HK$315 million in illicit profits. These arrests underscore the city's commitment to upholding stock market integrity amid a surge in new listings and share placements.
Uzbekneftegaz and Citibank have held discussions regarding the expansion of their financial cooperation, aiming to strengthen their partnership.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
AO Citibank will be renamed to AO RenCap Bank and will continue servicing its existing clients as a “standalone entity,” Renaissance Capital said.
S. Korea's GDP growth may shed 0.45 percentage point if oil prices stay high: Citibank Yonhap News Agency