January, 2023

• 26 January

  Microsoft erases gains after saying Azure growth to decelerate

  

  Bloomberg Microsoft Corp. shares declined after the company warned that revenue growth in its cloud-computing business will decelerate in the coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Shares fell as much as 2.7% to $235.51 in pre-market trading. Chief Financial Officer Amy Hood said ...

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• 26 January

  Germany to boost Ukraine firepower with battle tanks

  

  Bloomberg Germany pledged to supply Ukraine with more than 100 Leopard 2 battle tanks in a joint effort with allies, providing Kyiv’s forces with a significant upgrade in firepower and earning effusive praise from President Volodymyr Zelenskiy. In a first step, Germany will make a company of 14 Leopard 2 A6 tanks available from stocks held by its armed forces, ...

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• 26 January

  Japan PM Kishida faces pressure to visit Ukraine ahead of G-7

  

  Bloomberg Prime Minister Fumio Kishida said he would consider an invitation extended by President Volodymyr Zelenskiy to visit Ukraine, as Japan’s ruling party No. 2 publicly urged the premier to go ahead with the trip. Kishida told lawmakers Wednesday a decision would be based on the circumstances. Liberal Democratic Party Secretary General Toshimitsu Motegi told parliament it would be desirable ...

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• 25 January

  Imran Khan confident of election win, backs IMF role in Pakistan

  

  Bloomberg Pakistan’s ousted Prime Minister Imran Khan said he’s confident of returning to power this year, and would back a continued role for the International Monetary Fund to prop up the economy and stave off a growing risk of a debt default. The former cricket star, who was removed from office in a confidence vote last year, said in an ...

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• 25 January

  Hungarian generals ousted as Orban rejigs top army leadership

  

    Bloomberg Hungary’s defense minister said an overhaul of senior-level military brass was underway in the NATO member state, which he called necessary to open the way for a new generation of leadership. The timing of the changes — with war raging on in neighboring Ukraine — has sparked criticism from opposition ranks that see it as an attempt to ...

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• 25 January

  BOE heads off strike risk with 3.5% pay deal for 4,200 staff

  

    Bloomberg The Bank of England (BOE) has agreed a 3.5% pay rise for its 4,200 staff and a one-off 1% salary top-up this year under a sub-inflation deal that has been accepted by the union. The increase in the overall pay pot will be targeted at lower paid staff to protect them against the worst of the living standards ...

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• 25 January

  BofA employees to share in restricted stock award

  

  Bloomberg Bank of America Corp (BofA) is rewarding the majority of its employees with a pool of restricted stock, boosting compensation to retain workers in an otherwise gloomy economic environment. The incentive, which comes on top of regular compensation, goes to staff who earn up to $500,000 in total annual pay, according to a memo from CEO Brian Moynihan. About 96% ...

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• 25 January

  Nigeria sees $4.3b of cash returning to banks on currency notes redesign

  

  Bloomberg The central bank of Nigeria expects at least 2 trillion naira ($4.3 billion) of cash to return to banks by January 31 when the deadline to replace high-value currency notes ends. Residents exchanged as much as 1.5 trillion naira of the old notes as of last week, Governor Godwin Emefiele told reporters in Abuja. “We are hoping that getting ...

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• 25 January

  Barclays names Wright, Deasy as investment banking co-heads

    Bloomberg Barclays Plc is appointing Taylor Wright and Credit Suisse Group AG veteran Cathal Deasy as its new investment banking chiefs in a major reshuffle of its top dealmaking ranks. John Miller and Jean-Francois Astier, the current co-heads of investment banking at the UK firm, are set to leave those roles, according to an internal memo seen by Bloomberg ...

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• 25 January

  Sri Lanka keeps key rate at 15.5%

    Bloomberg Sri Lanka kept its benchmark interest rate unchanged for a fourth straight meeting as Asia’s fastest inflation showed signs of cooling while bankrupt economy seeks to turn the corner pending a crucial bailout. The central bank of Sri Lanka held the standing lending facility rate at 15.5% on Wednesday, a move predicted by all five economists in a ...

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