Bloomberg India is rolling out the world’s shortest equity trade-settlement cycle. A pain-free transition for foreign investors would spur others to follow, according to Deutsche Bank AG, the largest custodian bank in the country. Higher currency transaction costs and the risk of operational delays are among concerns that have been flagged as the nation’s exchanges leapfrog peers in New ...

  Bloomberg China’s central bank is expected to cut its key policy interest rate for the second time this year on Friday and reduce the reserve requirement ratio within days to help bolster a faltering economy under strain from Covid lockdowns. Sixteen of the 22 economists surveyed by Bloomberg predict the People’s Bank of China will lower the interest rate ...

  Bloomberg JPMorgan Chase & Co.’s top executive at its securities business in China, Houston Huang, is stepping aside and is being replaced by his deputy as the Wall Street bank ramps up to tackle slowing growth in world’s second-biggest economy. Huang will hand over the role of chief executive officer of JPMorgan Securities (China) Co. to Lu Fang, a ...

  Bloomberg Credit Suisse Group AG has formed a new committee to assess its involvement in blank check-firm mergers as underwriters face the prospect of heightened liability under proposed financial regulations, according to a person with knowledge of the matter. The Swiss lender told staff in a memo that the “tactical deSPAC committee” will focus on pending mergers involving US ...

  Bloomberg Inflation is surging, central banks are on the move and now it’s earnings season. To top it all off, stock traders face the market-roiling potential of a monthly options expiration estimated at more than $2 trillion. Roughly $495 billion in single-stock derivatives are set to expire, with another $980 billion of S&P 500-linked contracts and $170 billion in ...

  Bloomberg Bitcoin climbed above $41,000, advancing along with equities after China indicated it’s about to loosen monetary policy. The largest cryptocurrency rose as much as 0.6% to $41,500 on Thursday, gaining for a second day. Katie Stockton, co-founder of Fairlead Strategies LLC, said technical indicators she follows suggest Bitcoin could be due for a short-term bounce to as high ...

Bloomberg Taiwan Semiconductor Manufacturing Co. raised its sales outlook for the year after quarterly earnings jumped 45%, helped by solid demand for chips used in everything from smartphones to cars. Annual revenue in dollar terms will top the previous outlook for as much as 20%-plus growth, the world’s biggest contract manufacturer of chips said. Sales will rise to $17.6 billion ...

Dubai / WAM Dimitri S Kerkentzes, Secretary-General of the Bureau international des Expositions (BIE), has said that the UAE’s hosting of the Expo 2020 Dubai was “a truly remarkable World Expo” thanks to the vision of the UAE, and the joint efforts of the organisers and all participants, who worked hard to offer a historic event for the region and ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent cables to King ...

  Abu Dhabi / WAM Shares in Dubai Electricity and Water Authority (Dewa) surged 15.7 percent on their market debut after its $6.1 billion initial public offering (IPO), the region’s biggest since Saudi Aramco’s. The stellar share rises to AED3.00 in early trade, up from the IPO price of AED2.48, before settling at AED2.87, 15.7 percent up, by the end ...