Bloomberg The Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate to 5%, as predicted by all but one in a Bloomberg survey of 24 ...

Bloomberg Two Bank of Japan (BOJ) veterans lead the field to replace Governor Haruhiko Kuroda next spring in a change of leadership at the central bank that risks upsetting global financial markets and spawning a renewed surge of speculation over possible policy change. Most BOJ watchers surveyed by Bloomberg see current Deputy Governor Masayoshi Amamiya or his predecessor Hiroshi Nakaso ...

Bloomberg Goldman Sachs Group Inc.’s analysts turned bullish on the equity markets of China and South Korea, predicting they will outperform in 2023 as Beijing relaxes its Covid-Zero policy and the global backdrop improves. Both the MSCI China benchmark and the country’s CSI 300 Index will rise by 16% in the next 12 months, the most in the region, strategists ...

  Bloomberg European stocks rise and US index futures pointed to a stronger open on Wall Street after two days of losses triggered by Federal Reserve signals that interest rates would continue to rise for a while yet. Europe’s Stoxx index rises 0.8%, led by energy, banking and utilities, though shares stayed on track to snap a four-week rising streak. ...

  Abu Dhabi / WAM Mubadala Investment Company and AirCarbon Exchange (ACX) have successfully completed a transaction under which Mubadala has acquired a strategic stake in ACX, supporting ACX’s establishment of the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi. ACX, based in Hub71, is a global environmental commodities exchange that uses distributed ledger technology ...

  DUBAI / WAM The ambitious Emirates Lunar Mission (ELM) of the Mohammed Bin Rashid Space Centre (MBRSC) is set to launch on November 28 at the earliest, at 3.46 am US Eastern Standard Time/12.46 pm UAE Time. The dates and times are subject to change depending on weather and other conditions. The announcement follows the confirmation of Rashid Rover’s ...

  Abu Dhabi / WAM Adipec 2022 has generated an estimated $8.2 billion in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed. Adipec took place in Abu Dhabi from October 31 to November 3, gathering some of the best minds from energy markets around the world to address critical issues facing the energy sector, including ...

Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, announced on Thursday that it has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewable energy projects with a total capacity of up to 2 gigawatts (GW). The MoU was signed by Dr Sultan bin Ahmed Al ...

ABU DHABI / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with the ...

  Abu Dhabi / WAM Abu Dhabi Maritime, established by the Department of Municipalities and Transport and AD Ports group as the primary custodian of Abu Dhabi’s waterways, announced that it has launched a new Public Water Taxi service within the greater Yas Bay and Raha Beach community, in collaboration with Miral, Abu Dhabi’s leading creator of immersive destinations and ...