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Junta chief: Myanmar will prioritise stability before holding elections

  Bloomberg Myanmar will prioritize restoring stability before holding elections, junta chief Min Aung Hlaing said a day after the military government extended the country’s state of emergency for another six months until February 1, 2023. The regime will prioritize improving the country’s public security system and restoring law and order to hold free and fair elections, Min Aung Hlaing ...

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HSBC vows to restore dividends after unexpected jump in profit

Bloomberg HSBC Holdings Plc shares rise after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Helped by rising interest rates and a jump in income from currency trading, adjusted pretax profits rise 13% to $5.97 billion in the second ...

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Yen heads for longest rally in over six months

Bloomberg The yen’s summer revival entered a fourth day, putting it on track for the longest rally since February, as one of the biggest macro trades of the year continues to unwind. The Japanese currency climbed as much as 1% to just below 132 per dollar. Hedge funds are selling down dollar positions and increasingly buying the yen as a ...

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