Bloomberg Peru’s new President Dina Boluarte named a US-educated economist who has spent most of his career at the central bank as economy minister, potentially soothing investor nerves after last week’s political chaos. The new finance chief, Alex Contreras, served as deputy economy minister under former President Pedro Castillo. Contreras worked at the central bank between 2007 and 2019, …

  Bloomberg China should pursue any transition to green economic activity in an orderly manner and avoid any “campaign-style” carbon reductions at its financial institutions, a deputy central bank governor said. Financial institutions must resist exit from high-carbon assets by enhancing their ability to identify green and low-carbon economic activities and coping with financial risks linked to climate change, the …

  Bloomberg Venezuela President Nicolas Maduro ordered his economic team to take measures to defend the bolivar following a sharp fall against the dollar this month. In a tweet, Maduro said that facing an attack from the “criminal dollar,” his government would move to protect the official exchange rate ahead of the holidays. He blamed criminal groups in Miami for …

Bloomberg The House Financial Services Committee confirmed that former FTX Chief Executive Officer Sam Bankman-Fried will testify at a hearing next week on the disintegration of his crypto empire. He is now listed as a witness alongside current FTX CEO John J Ray III, according to a media advisory the committee. The hearing will be split into two parts, each …

  Bloomberg A rush of regulation and investor pressure is forcing companies to do a better job of tallying up the environmental impact of their operations and the products they sell. That’s stirring demand for software that helps businesses measure carbon emissions. Salesforce Inc. and Microsoft Corp. have joined at least a dozen startups providing products to help companies calculate …

Bloomberg Twitter will relaunch its Twitter Blue subscription service for $8 per month on the web, the company said. Users will also get access on iOS for $11 per month to subscriber-only features, including the blue checkmark, the company said in a series of tweets. The days of being constrained to just 280 characters in a tweet may soon be …

  Bloomberg Mercedes-Benz Group AG has committed to manufacturing electric vehicles (EVs) in Thailand after signing an agreement to import its battery-powered cars — part of a government plan to bolster the Southeast Asian nation’s status as a clean automaking hub. The luxury carmaker will receive a slew of benefits including lower import duties and excise taxes for each fully electric …

  Bloomberg Stellantis NV plans to idle a Jeep-making factory in Belvidere, Illinois, citing challenges such as cost burdens due to the shift towards electrification of more models. The automaker said in a statement that the “difficult but necessary action,” effective Feb. 28, will result in layoffs of an unspecified number of workers, which will likely extend for more than …

  DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco) and Shandong Energy group, are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a memorandum of understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream sector in Shandong Province. The …

  Bloomberg China Eastern Airlines Corp became the first recipient of the Chinese-made C919 passenger jet, a milestone in the country’s aviation ambitions as it bids to compete with aircraft made by Airbus SE and Boeing Co. The single-aisle plane was delivered to China Eastern at Pudong International Airport in Shanghai and then made a short flight to the city’s …