Bloomberg Ukrainian Foreign Minister Dmytro Kuleba urged western nations to supply more weapons so his government can press ahead with its counteroffensive against Russian forces. Kuleba said in an interview Monday with Bloomberg Television that Ukraine wants to add to its recent territorial gains and deny Russian President Vladimir Putin any strategic advantage gained since his army invaded on Feb. ...
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Marcos embarks on US charm offensive in shift from Duterte
Bloomberg Philippine President Ferdinand Marcos Jr. said he can’t envision his country without the US as a partner, marking his strongest statements yet on the longstanding alliance undermined by his predecessor. Marcos, who’s in New York for the UN General Assembly, said he sees a “further strengthening†of political and economic ties with the US. “It is very clear ...
Read More »Serbia won’t let Kosovo join UN despite strong Western pressure
Bloomberg There is no chance that Serbia will let Kosovo join the United Nations despite intense pressure from the US and European nations, Serbian President Aleksandar Vucic said. Serbia still regards its former province, which declared independence in 2008 almost a decade after the two sides fought a war on mostly ethnic lines, as its territory. Belgrade relies on veto-wielding ...
Read More »World’s youngest leader electrifies UN assembly
Bloomberg The world’s youngest leader, Chile’s President Gabriel Boric, sounded the alarm on the risk of social unrest, reminding his more experienced colleagues gathered at the United Nations that discontent that exploded locally can be repeated around the world. Boric said at the UN General Assembly that outrage over inequality and poor basic services can lead to uprisings in ...
Read More »Japan, South Korea seek resolution on wartime labor
Bloomberg Top diplomats from Japan and South Korea agreed in New York to continue to seek a resolution on the issue of Korean labor conscripted to work in Japanese factories and mines during World War II. Japanese Foreign Minister Yoshimasa Hayashi and South Korean counterpart Park Jin also agreed to cooperate on the security threat posed by North Korea ...
Read More »China banks keep lending rates unchanged after PBOC pauses
Bloomberg Chinese banks kept their main lending rates unchanged after the central bank paused its monetary easing and defended a weakening yuan, though a cut is still expected by economists in the coming months to counter headwinds to growth. The one-year loan prime rate (LPR) was left at 3.65%, according to a statement by the People’s Bank of China (PBOC). ...
Read More »British pound, euro are in a ‘doom loop’: TD experts
Bloomberg The Bank of England (BOE) has limited power to stop the downward spiral in the UK pound, said strategists at TD Securities, who are predicting more losses in the coming months. The pound and euro are trapped in a “doom loop†caused by soaring energy prices that feed into weaker economic growth and lower currency values, wrote strategists including ...
Read More »Goldman cuts 25 Asia bankers over China deals
Bloomberg Goldman Sachs Group Inc has started axing at least 25 investment bankers in Asia as a drought in dealmaking prompts cuts across sectors, people familiar with the matter said. The cuts span its equity capital markets, healthcare and telecommunication, media and technology teams in Asia, the people said, asking not to be identified because the matter is confidential. The ...
Read More »Bitcoin drops to 3-month low
Bloomberg A slide in cryptocurrencies sent Bitcoin to a three-month low as sentiment took a knock from a wave of monetary tightening that’s set to stretch from Europe to the US this week. The largest digital token sank as much as 7.4% and was trading at $18,644 in New York. That’s the lowest since digital-asset prices tumbled after the ...
Read More »Gold struggles as Fed fears swirl before rate decision
Bloomberg Gold kicked off a pivotal week seeing fresh declines as the dollar strengthened, with investors bracing for a Federal Reserve rates decision that risks putting more pressure on the precious metal. The metal slid as much as 0.9%, extending a slump over the past month in the face of the dollar’s relentless gains.
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