Bloomberg The dollar’s relentless advance to a two-year high is roiling Asian currencies and pushing policymakers into action to curb losses. From direct dollar selling to verbal intervention, authorities are deploying every tool from their armouries to ward off currency threats. India and Taiwan have intervened in the market, while Japan has tried to talk up the yen. China ...

  Bloomberg Goldman Sachs Group Inc. appointed E.G. Morse to co-lead the China business and will relocate him to Shanghai as the US bank continues to ramp up in the world’s second-largest economy. Morse, currently head of Singapore, will become co-head of Goldman Sachs China alongside Wei Cai and Sean Fan, who are based in Hong Kong and Beijing, respectively, ...

  Bloomberg Zimbabwe has adopted its harshest solution yet to halt a currency crisis — ordering banks to immediately stop all lending. The southern African nation’s President, Emmerson Mnangagwa, blames banks for flooding the financial system with excess funds, fueling a currency slide and inflation. The weekend directive to freeze loans is the latest in a series of orders since ...

  Bloomberg Citigroup Inc is ramping up efforts to add 700 private bankers in coming years with the opening this week of two new private-banking offices in Paris and Frankfurt. The New York-based bank has begun relocating staff from its Luxembourg bureau to the new locations, which will be housed at existing offices in the two cities. Citigroup will increase ...

  Bloomberg Chinese tech stocks fall as Hong Kong markets reopened after a holiday to face renewed growth worries and persistent regulatory risks, sparking another bout of selling. The Hang Seng Tech Index tumbled 3.2% on Tuesday, extending its slide into a fifth day. JD.com Inc. and Alibaba Group Holding Ltd. were among the biggest drags. Key equities gauges across ...

  Bloomberg The benchmark Philippine stock index dropped amid a global selloff, as investors awaited economic plans of Ferdinand Marcos Jr. who, based on an unofficial count of the vote, is headed for a landslide win in the presidential election. The Philippine Stock Exchange Index ended 0.6% down at 6,720.93, its lowest close in nine months. It falls as much ...

  MONTEVIDEO / WAM The Emirates News Agency (WAM) signed cooperation agreements with three media outlets in the Republic of Uruguay, as part of its efforts to enhance joint cooperation in the media exchange. This came as part of a series of visits of a WAM delegation, headed by Mohammed Jalal Al Rayssi, Director-General of WAM, to the Republic of ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, signed an investment partnership agreement with the Hellenic Development Bank (HDB), the national development bank of Greece, and Hellenic Development Bank of Investments (HDBI), Sovereign Fund-of-Funds of Greece, to fund investments worth €4 billion ($4.23 billion) across multiple sectors and asset classes of the Greek economy. The event ...

  Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, has unveiled its new Economy class soft furnishings and tableware which will be launched on board in the fourth quarter of the year. The new products have been designed with sustainability and improved guest experience as primary objectives. The announcement was made on the opening day ...

  MONTEVIDEO / WAM The Emirates News Agency (WAM) signed cooperation agreements with three media outlets in the Republic of Uruguay, as part of its efforts to enhance joint cooperation in media exchange. This came as part of a series of visits of a WAM delegation, headed by Mohammed Jalal Al Rayssi, Director-General of WAM, to the Republic of Uruguay ...