Bloomberg China will avoid unleashing massive monetary stimulus into the economy this year as it seeks to strike a balance between boosting growth, creating jobs and maintaining price stability, a central bank deputy governor said. “We will ensure overall social demand gets powerful support. Meanwhile, the magnitude will be reasonable and appropriate and we will avoid flooding the economy ...

  Bloomberg The asset management unit of Goldman Sachs Group Inc. has drawn in over $1.6 billion in client cash for a fund registered under the European Union’s toughest ESG rules. The fund, Horizon Environment & Climate Solutions I, closed after exceeding its initial target of “close to” $1.6 billion, Goldman Sachs Asset Management (GSAM) said. It’s listed as an ...

  Bloomberg The Reserve Bank of India (RBI) may pause its rate hike cycle as early as the next monetary policy decision in February, according to Ankita Pathak, an economist at DSP Investment Managers Pvt. With India’s headline inflation for the October-December period falling below the RBI’s estimate, the central bank could reevaluate its strategy amid an ongoing global growth ...

  Bloomberg Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months. Policymakers in Indonesia, Philippines and Thailand will each raise borrowing costs by a total half-point in the coming months before reaching their peak rates, ...

  Bloomberg The European Central Bank’s (ECB) battle with inflation may end within half a year as policy makers begin to reverse rate hikes as soon as July. The deposit rate will be raised to a peak of 3.25% — from its current level of 2% in three steps. The survey shows two half-point hikes at the February and March meetings, ...

  Bloomberg European equities and US stock-index futures fell amid signs central banks will turn more hawkish and as investors focused on earnings reports from Wall Street banks. Contracts on the S&P 500 and Nasdaq 100 indexes slipped at least 0.3% each as US markets were set to reopen after a holiday. The Stoxx Europe 600 Index was dragged by ...

Bloomberg Investors are the most underweight on US equities since 2005 as improving market sentiment sends them flocking towards cheaper regions, according to Bank of America Corp.’s (BofA) global fund manager survey. Participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from ...

  Dubai / WAM Dubai’s annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time in 2022, as the sector witnessed transactions worth a record AED528 billion in 2022, a 76.5 percent increase from 2021. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

  Abu Dhabi / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has launched the DMCC E-Commerce Ecosystem to accelerate the growth of the e-commerce sector across the Mena region, which is currently valued at $32 billion and is expected to reach $50 billion by 2025. DMCC is currently ...

  Abu Dhabi / WAM Hayat Biotech, a joint venture between G42 and Chinese pharmaceutical group Sinopharm CNBG, and the Department of Health – Abu Dhabi (DoH) signed a declaration of collaboration aimed at strengthening the emirate’s efforts in R&D, clinical research, and its manufacturing capabilities. The collaboration comes in line with DoH’s ongoing efforts to elevate Abu Dhabi’s position ...