February, 2023

• 1 February

  Peru’s inflation spike offers a glimpse of damage from unrest

  

  Bloomberg Peru’s inflation is forecast to have jumped to the highest level in a quarter century as official data start to reflect the damage wrought by two months of social unrest and highway blockades. The January report, due to be published Wednesday at 10 a.m. local time by the national statistics agency, is attracting greater-than-usual interest as economists try to ...

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• 1 February

  US, UK hit Myanmar with new sanctions two years after coup

  

    Bloomberg The US and its allies Canada, the UK and Australia have imposed fresh sanctions on Myanmar, adding to pressure on the military regime, two years since it overthrew the civilian government led by Aung San Suu Kyi in a coup. US Secretary of State Antony Blinken said in a statement Tuesday the US restrictions target six individuals and ...

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• 1 February

  US accuses Russia of breaching New START nuclear arms treaty

  

    Bloomberg Russia is breaching the terms of the New START nuclear-arms reduction treaty by refusing to allow inspectors on its territory and stonewalling US efforts to discuss the issue, the State Department said. The department said in a statement that the Russian refusal “prevents the United States from exercising important rights under the treaty and threatens the viability of ...

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• 1 February

  Georgia wants Russia to leave its land in a Ukraine peace deal

  

    Bloomberg Georgia’s president said Russia must be required to abandon its nearly 15-year-long occupation of her nation’s territory as part of an eventual peace deal to end the Kremlin’s war in Ukraine. “Russia has to learn where its borders are,” President Salome Zourabichvili said in an interview in the capital, Tbilisi. “The Georgian issues should be on the table ...

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• 1 February

  Australia’s Wong warns regional conflict would be ‘catastrophic’

  

  Bloomberg Australian Foreign Minister Penny Wong warned about the risk of conflict in the Indo-Pacific as she prepares to meet her British counterpart for defense talks that will likely focus on regional issues including China’s military expansion. Speaking on Tuesday before joining Australian Defense Minister Richard Marles for two days of annual bilateral talks with their British counterparts, Wong said ...

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• 1 February

  Czech parliament speaker to visit Taiwan amid row with china

    Bloomberg The speaker of Czech parliament said she will visit Taiwan, a day after China lashed out at the nation’s president elect for saying he favored a stronger partnership with Taiwan. Marketa Pekarova Adamova said she talked to Taiwanese Foreign Minister Joseph Wu on Wednesday about her visit planned for March. Just a day earlier, China called comments made ...

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• 1 February

  Credit Suisse to move private funds group to First Boston unit

  

    Bloomberg Credit Suisse Group AG plans to shift an asset management business that helps buyout firms raise funds to its First Boston spinout as the firm works to reshape its investment bank after losses. Internal discussions are taking place on moving the Private Funds Group, co-headed by David Klein in the US and Michael Murphy in London, to First ...

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• 1 February

  UniCredit, UBS vow $12b bonanza for shareholders

  

    Bloomberg Europe’s largest banks kicked off earnings season with pledges to return more than $12 billion to shareholders, following an interest rate bonanza that’s bolstering lenders from Milan to Stockholm. UBS Group AG Chief Executive Officer Ralph Hamers vowed to return more than $6.7 billion to shareholders this year, after income from lending to wealthy clients surged in the ...

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• 1 February

  Citi poaches JPM’s Besseddik to head Europe health-care banking

  

    Bloomberg Citigroup Inc is hiring Cyril Besseddik from JPMorgan Chase & Co. to lead coverage of health-care companies in Europe, the Middle East and Africa for its investment bank. Besseddik is set to join Citigroup’s banking, capital markets advisory group in May and will be based in London, according to an internal memo seen by Bloomberg News. He was ...

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• 1 February

  PayPal to slash 2,000 jobs

    Bloomberg PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters. The cuts, which will affect about 7% of employees, will take place in the coming weeks, Chief Executive Officer Dan Schulman told employees. “While we have made substantial progress in right-sizing our cost ...

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