Bloomberg The US hit back at China over a social media post claiming American officials in Guangzhou downplayed allegations of human rights abuses, saying the behaviour puts Washington’s envoys at risk. A spokesperson for the US Embassy in Beijing said that China should “stop attributing false statements to US officials or taking other actions that might subject our diplomats ...

  Bloomberg The European Central Bank (ECB) will begin a new era of monetary policy this week as officials complete their pivot to confront the threat of inflation running out of control. Armed with new forecasts and with prices rising at a record pace, President Christine Lagarde and her colleagues will end trillions of euros of asset purchases and cement ...

  Bloomberg Goldman Sachs Group Inc. raised $700 million in the US investment-grade market to help fund environmental and social initiatives, its first benchmark sustainable-bond sale in over a year. The New York-based lender sold a sustainability bond maturing in five years, according to a person with knowledge of the matter. The self-led deal yields 1.35 percentage points above Treasuries, ...

  Bloomberg Incoming Philippine central bank governor Felipe Medalla said that the lenders’ reserve requirement ratio may be lowered this year to counter the impact of stimulus withdrawal. The plan is to cut the ratio 2 percentage points to 10% about a month or two before a rule that allowed lending to small businesses be counted as compliance to the ...

  Bloomberg Uganda increased interest rates for the first time since October 2018 to counter accelerating inflation and support the weakening shilling. The monetary policy committee raised the benchmark rate to 7.5% from 6.5%, Deputy Governor Michael Atingi-Ego told reporters. The central bank cut its economic growth forecast for Uganda this year to a range of 4.5% to 5%, compared ...

Bloomberg US-listed China stocks surged to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4% higher after surging as much as 8.3%, as Chinese regulators were said to be close to ...

  Bloomberg Crypto-flavoured exchange-traded funds are cluttering the industry’s worst-performing list so far this year. The six worst-performing, non-leveraged ETFs in the $6.6 trillion arena in 2022 are all crypto-linked equity funds, according to data compiled by Bloomberg. The $63 million Global X Blockchain ETF (ticker BKCH) is the biggest loser with a year-to-date drop of 64%. While crypto-linked ETFs ...

  Dubai / WAM DP World and CDPQ, a global investment group, announced on Monday an investment of $5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold ...

  Abu Dhabi / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland, on the occasion of the 70th anniversary of Her Majesty’s accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

  Dubai / WAM Dubai International Chamber, one of three Chambers operating under Dubai Chambers, has announced plans to open a representative office in Tel Aviv, which will aim to facilitate trade and investment between business communities in Dubai and Israel. The announcement came during a meeting held at the chamber’s headquarters, attended by Hamad Buamim, President and CEO of ...