Bloomberg Hong Kong consumers will face higher prices for fresh produce, daily necessities and electrical goods over the coming weeks as a result of Cathay Pacific Airways Ltd.’s long-haul cargo flight halt, the South China Morning Post reported on Saturday. Consumers will experience food and product shortages in the next two to three weeks, especially seafood and vegetables, the ...

  Bloomberg Kim Jong un urged North Korea to focus on easing food shortages and containing Covid, in a downbeat New Year’s policy assessment that suggested nuclear talks with the US were a low priority for the coming months. Kim laid out his 2022 agenda in remarks to ruling party cadres that were published by state media and appeared to ...

Bloomberg President Joe Biden repeated his warning to Moscow to de-escalate the month-long standoff over Ukraine, a day after he and Vladimir Putin discussed the issue during a call the Russian leader expressed his satisfaction with. “I made it clear to President Putin that if he makes any more moves, goes into Ukraine, we will have severe sanctions,” Biden told ...

  Bloomberg Indian investment bankers are set for their best year ever, collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings (IPOs) that have reached an all-time high in 2021. A little over 110 companies ranging from online grocers to food delivery and beauty start-ups listed their shares in Mumbai this year, raising almost $18 ...

  Bloomberg The Bank of Japan (BOJ) is on course to buy the smallest amount of local equity this year since former Prime Minister Shinzo Abe took office, a far cry from last year’s record haul during the height of pandemic. The BOJ purchased a total of 873.4 billion yen ($7.6 billion) in exchange-traded funds through December 27, according to ...

  Bloomberg China boosted its injection of short-term cash into the banking system to the highest in two months, as demand for liquidity climbed before year-end. Government bonds gained. The People’s Bank of China added 200 billion yuan ($31 billion) of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due. ...

  Bloomberg The Swiss National Bank’s (SNB) long-standing claim that the franc is “highly valued” is looking harder to justify as officials watch it strengthen to within striking distance of parity with the euro. When the currency climbed through what was once considered a key line in sand to 1.04 per euro last month, the surge wasn’t met with big ...

  Bloomberg Goldman Sachs Group Inc, one of Wall Street’s staunchest advocates of returning employees to offices, will make Covid-19 vaccination booster shots compulsory as the firm stands by its workplace philosophy through surging infection rates in New York. Anyone entering offices must get a booster by February 1 if they’re eligible for the injections by that date, the investment ...

  Bloomberg Germany’s finance watchdog fined Deutsche Bank AG $9.8 million over its handling of submissions for Euribor, a reference rate at heart of a scandal that rocked industry. The lender temporarily didn’t have effective systems, controls for contributions to benchmark, BaFin, said. While BaFin said Deutsche Bank has a right to appeal, the company said it accepts fine to ...

  Bloomberg The 2021 Mercedes-Benz S-Class comes with enough infotainment to entertain the most tech-obsessed passengers. Its OLED touchscreens span the dashboard like a pixelated surfboard, its heads-up camera is displayed in big-screen augmented reality, its on-board wellness systems surpass the serenity levels of several local spas in Los Angeles — all factors in why it ranks as the best ...