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 ...

The world's gambling capital trying to make a comeback and we're not talking about Vegas. Our Contessa Brewer joins us from the other side of the world in Macau and has a story. Hey Contessa.Or maybe we are a little bit because Macau has Vegas dreams. Let me explain. It's booming.It's bustling this week with a combination of visitors for the 8-day holiday known as Golden Week and the NBA China Games tomorrow. It's like the world's gambling capital finally is getting its groove back after the pandemic. And t ...

Saudi Arabia is accelerating plans to transform itself into a hub for gamers with its blockbuster deal to take Electronic Arts Inc. private. In addition to an existing $5 billion equity stake it is rolling over into the new entity, the kingdom’s Public Investment Fund is providing more fresh capital than partners Silver Lake Management and Jared Kushner’s Affinity Partners to buy out the other public investors, according to people familiar with the matter. Most Read from Bloomberg That’s made it the lar ...