January, 2023

• 10 January

  Thai election jockeying heats up as PM joins new party

  

  Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha joined a new party as he looks for ways to extend his eight-year rule despite term limits, signaling shifting alliances and a ramp up in political jockeying ahead of elections slated for May. On Monday, Prayuth became a member of the newly-formed Ruamthai Sarngchart party, which has pledged to name the former army chief ...

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• 10 January

  Illinois lawmakers pass assault weapons ban

    Bloomberg Illinois lawmakers approved a bill that will ban the sale and manufacturing of certain assault weapons in the state. The state’s Democratic-controlled senate passed the legislation by a margin of 34-20 late Monday after deliberations that started on Sunday, with Governor J.B. Pritzker pushing for the ban at his inauguration speech in the afternoon. The bill comes in ...

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• 10 January

  Goldman to slash 3,200 jobs this week after cost review

  

    Bloomberg Goldman Sachs Group Inc is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs. The firm is expected to start the process mid-week and the total number of people affected will ...

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• 10 January

  Europe’s bond sales top $130bn in record time

  

    Bloomberg A deluge of debt sales in Europe has pushed issuance for the year beyond $130 billion in just a matter of days. More than 80 predominantly high-grade borrowers have piled in to the market in January to lock in funding that’s around the cheapest since the summer, according to data compiled by Bloomberg. It’s the fastest start to ...

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• 10 January

  Zimbabwe currency drops to record against US dollar

    Bloomberg Zimbabwe’s currency plunged to a record in the unauthorised market after the central bank urged suppliers not to buy foreign exchange with payment they recently received from the government. The Zimbabwean dollar traded at between Z$950-Z$1,100 to the US dollar in the parallel market, according to Zimpricecheck.com, a website which monitors unofficial and official rates. That’s the lowest ...

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• 10 January

  Morgan Stanley’s onetime CEO candidate exits firm

    Bloomberg Morgan Stanley Chief Operating Officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting firm. Pruzan, who’s leaving at the end of the month, departs after a 28-year run that included a six-year stint as chief financial officer — the public face of the ...

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• 10 January

  Coinbase fires 950 staff

    Bloomberg Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange. Co-founder and Chief Executive Officer Brian Armstrong announced the job reductions in a blog post on Tuesday, saying the steps were needed to weather the industry downturn. In June, ...

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• 10 January

  Stocks in Europe drop after hawkish comments by Fed

  

    Bloomberg European stocks decline and Wall Street equity futures were steady as investors weighed hawkish comments from Federal Reserve officials and looked towards the release of US inflation data due on Thursday for clarity on the trajectory for interest rates. The Stoxx Europe 600 Index dropped 0.7%, retreating from an eight-month high as retail and technology stocks led declines. ...

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• 10 January

  Indonesia stocks near correction in shift to cheaper markets

  

    Bloomberg Indonesian stocks inched closer to a technical correction on Tuesday as investors looked to cash out from one of Asia’s hottest markets for 2022 in search of cheaper valuations elsewhere. The Jakarta Composite Index closed 1% lower, trimming intraday declines that saw it slide more than 10% from a record notched on September 13. Financial and health-care stocks ...

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• 10 January

  EGA recruits 220 UAE nationals in 2022, including 100 women

  

    Dubai / WAM Emirates Global Aluminium (EGA) on Monday announced that the company recruited more than 220 UAE nationals in 2022, including 100 women. The average age of EGA’s new UAE national recruits was 23 years old. While EGA recruits mid-career experts, the company focuses on attracting and developing young people who are starting their careers as talent for ...

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