Wall Street Banks Expand Saudi Footprint, Fed Signals Second Rate Cut Amid Internal Debate, and ASEAN-India FTA Nears Completion

Key TakeawaysCitigroup (C) has announced the opening of its regional headquarters in Riyadh, solidifying its presence in Saudi Arabia as the kingdom actively attracts global financial institutions with incentives like tax breaks and access to lucrative government contracts.The Federal Reserve is widely anticipated to deliver a second consecutive interest-rate cut this week, reducing the federal funds rate by 25 basis points to a range of 3.75% to 4% to bolster a weakening labor market.However, extending the ...