February, 2023

• 23 February

  UK’s Sunak suggests he’ll seek Brexit treaty change from EU

  

  Bloomberg UK Prime Minister Rishi Sunak suggested a coming deal with the European Union over post-Brexit arrangements in Northern Ireland would involve legal changes to the existing treaty, something the bloc has previously opposed. In the House of Commons, Democratic Unionist Party leader Jeffrey Donaldson complained that under the existing “unacceptable” deal — known as the protocol — “EU laws ...

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• 22 February

  Deutsche Bank rebuilds office in Mexico as others head for exit

  

  Bloomberg Deutsche Bank AG sees opportunity in Mexico where other investment banks don’t. The German lender is expanding its operations in Latin America’s second-largest economy, with an eye to tapping into international interest in the country’s manufacturing base, according to Christiana Riley, chief executive officer of Deutsche Bank Americas. That means focusing on providing more foreign-exchange and fixed-income derivatives to ...

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• 22 February

  Warjiyo tipped for 2nd term as Bank Indonesia governor

  

    Bloomberg Bank Indonesia Governor Perry Warjiyo has been nominated for another five-year term in a move that should solidify monetary policy continuity in Southeast Asia’s largest economy. President Joko Widodo has sent Warjiyo’s name to parliament as his sole candidate for the post, according to Said Abdullah, who heads the budget committee in parliament. Lawmakers will deliberate on the ...

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• 22 February

  KKR-backed Philippine fintech firm weighs raising fresh funds

  

    Bloomberg Maya, a financial technology firm in the Philippines, is considering raising about $150 million from investors to boost its growth, according to people familiar with the matter. The digital payments and banking company is working with financial advisers in a fundraising deal that could bring its valuation closer to about $2 billion, the people said, asking not to ...

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• 22 February

  JPMorgan restricts staff’s use of AI-powered ChatGPT chatbot

  

    Bloomberg JPMorgan Chase & Co has curbed its staff’s use of the ChatGPT chatbot, according to a person familiar with the matter. The artificial intelligence software is currently restricted, the person said, who asked not to be identified because the information is private. The move, which impacts employees across the firm, wasn’t triggered by any specific incident but reflects ...

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• 22 February

  JPMorgan switches Chen to private wealth

    Bloomberg JPMorgan Chase & Co’s Michelle Chen, a former senior China technology banker, will join the bank’s asset and wealth management division in Hong Kong, according to a memo seen by Bloomberg News. Chen, the bank’s former co-head of China technology, media and telecommunications, will lead the bank’s 23 Wall efforts in North Asia, reporting to Natacha Minniti, the ...

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• 22 February

  Swedish housing showing signs of calming, says Riksbank chief

  

  Bloomberg Sweden’s ailing housing market may be entering a calmer phase after being battered by rising interest rates and soaring costs of living, Riksbank Governor Erik Thedeen said. “If you look at some of the indicators, the decline may have subsided,” Thedeen said at a residential real estate conference in Stockholm. “Perhaps there are signs of some form of stabilisation ...

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• 22 February

  UK overtakes India as world’s sixth-biggest equity market

  

    Bloomberg The UK has surpassed India as the world’s sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai. The combined market capitalisation of the primary listings in the UK, excluding ETFs and ADRs, reached about ...

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• 22 February

  Tokyo bourse’s buried notice spurs surges in cheap Japanese stocks

  

    Bloomberg A notice buried towards the back of a Tokyo Stock Exchange document last month encouraging better corporate governance has led to some big share price moves. The Japanese bourse said it will request companies trading below book value to come up with capital improvement plans starting this spring. While just the latest in a long series of such ...

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• 22 February

  UNSC adopts UAE-led Presidential Statement on occupied Palestine

  

    New York / WAM The United Nations Security Council (UNSC) adopted a Presidential Statement opposing unilateral measures that obstruct prospects for a two-state solution in the Occupied Palestinian Territory, with the support of all council members. This important decision was facilitated by the United Arab Emirates, which currently serves as an elected member of the council. “The UAE is ...

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