January, 2023

• 11 January

  India to buy air defense missiles for disputed border with China

    Bloomberg India will buy portable air defense missiles to deploy along the borders with China as militarization in the region gathers speed and hostilities between the two countries enter a third year. The Defense Acquisition Council — headed by Defense Minister Rajnath Singh — cleared the purchase of the very short range missiles that can be carried by troops, ...

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• 11 January

  Bolsonaro shares, deletes video with voter fraud conspiracy

    Bloomberg Former Brazil President Jair Bolsonaro used his Facebook account to share a video of voter fraud conspiracies that echod the main complaints of rioters who ransacked government buildings in Brasilia on Sunday. The video was deleted hours later. Bolsonaro’s post, made Tuesday shortly after he was discharged from a US hospital, didn’t comment on the video’s claims. But ...

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• 11 January

  UK, Japan defense pact to allow two-way military deployments

  

  Bloomberg The UK and Japan will allow military forces to be deployed to one another’s nations, as Tokyo expands bilateral cooperation with other US allies amid concerns about China’s rise. UK Prime Minister Rishi Sunak was expected to sign a major defense agreement during a meeting Wednesday in London with his Japanese counterpart Fumio Kishida. The pact — the most ...

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• 11 January

  Zelenskiy says Russian war won’t become WWIII

    Bloomberg Ukraine will stop Russian aggression and the conflict won’t turn into World War III, President Volodymyr Zelenskiy said as his forces battled to keep control of Soledar and Bakhmut in the eastern Donetsk region. The Ukrainian president discussed the Ukrainian–Belarusian border and the Rivne nuclear power plant, according to a statement on his website. “We don’t see anything ...

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• 11 January

  Peru’s Boluarte faces Congress vote on cabinet

    Bloomberg Peru’s Congress confirmed President Dina Boluarte’s cabinet on Tuesday evening, overcoming a key test for her month-long administration that has faced mass unrest and left roughly 40 dead. The conservative-led Congress confirmed Boluarte’s cabinet with 73 votes in favor out of a total of 130 lawmakers. The confirmation gives Boluarte some breathing room just a day after the ...

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• 11 January

  Credit Suisse weighs 50% cut to bonus pool after turbulent year

  

    Bloomberg Credit Suisse Group is considering cutting the bonus pool for 2022 by about half, according to people familiar with the matter, capping a grim year in which the bank was forced to raise $4 billion after a string of losses. The Swiss lender is set to make even more drastic cuts to variable compensation after the 32% decline ...

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• 11 January

  HSBC sees strong recovery in HK, big push for India

  

    Bloomberg HSBC Holdings Plc’s Chairman Mark Tucker sees a significant boost to the global economy and a rebound in Hong Kong from China’s reopening. “China’s reopening, announcements of a package of measures to stabilise the property market will be positive for both its economy and the global economy,” said Tucker, speaking from New York on a panel at the ...

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• 11 January

  Crypto startup funding slumps to lowest level in almost two years

  

    Bloomberg Crypto startups are facing a harrowing time attracting private financiers after the collapse of digital-asset exchange FTX. Venture capital (VC) investment in the industry plunged to its lowest level in almost two years during the fourth quarter of 2022, according to data from research firm PitchBook. Overall, VC firms invested $2.3 billion in crypto startups during the quarter, ...

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• 11 January

  S Africa bourse seeks to fine Steinhoff’s ex-CEO $882,000

    Bloomberg Johannesburg’s stock exchange plans to fine Steinhoff International Holdings NV former CEO Markus Jooste $882,000 for violating listing rules and submitting false financial statements. South Africa’s main stock exchange also barred Jooste from holding an office in a listed company for 20 years, according to a statement. The move comes almost five years after the firm’s near collapse and ...

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• 11 January

  Several senior dealmakers are leaving Nomura in Asia

  

    Bloomberg Several senior dealmakers are leaving Nomura Holdings Inc. in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter. Hong Kong-based managing directors Maryann Tseng, who joined the equity capital markets team last year, and Wallace Wong in mergers and acquisitions are both departing, the people ...

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