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Rupee’s plunging volatility leaves investors guessing RBI moves

BLOOMBERG  Even in a year where currency volatility is falling worldwide, the slump in swings in the Indian rupee has traders from London to Singapore asking when the central bank will loosen its iron grip. The rupee’s one-month implied volatility versus the dollar crashed to its lowest since 2005 in June, drawing queries from investors on roadshows of Citigroup Inc ...

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UBS Group names top markets heads after Credit Suisse takeover

BLOOMBERG  UBS Group AG named Sylvia Coutinho Brazil country head and the regional leader for Latin America businesses as the Swiss bank integrates teams from its acquisition of Credit Suisse Group AG. Marcello Chilov, Credit Suisse’s former chief executive officer in Brazil and head of wealth management for Latin America, will run UBS global wealth management in Latin America, according ...

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EAD targets 20 million reduction in single-use plastic bottles in 2023

ABU DHABI/ WAM The Environment Agency — Abu Dhabi (EAD), in collaboration with key stakeholders, has set the ambitious target of collecting 20 million single-use plastic bottles a year for recycling. This will be achieved, in part, by installing 70 Reverse Vending Machines (RVMs) and 26 Smart Bins in areas with high footfall in the emirate of Abu Dhabi such ...

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