January, 2023

• 20 January

  Yellen woos Africa as US vies for influence with China, Russia

  

    Bloomberg US Treasury Secretary Janet Yellen, declaring that African can help shape the future of the global economy, will set out why the Biden administration intends to elevate its focus on the continent over the next two years in a speech she’s slated to deliver Friday in Dakar, Senegal. “The United States is committed to building on Africa’s significant ...

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• 20 January

  Prices for Swiss single family homes drop

    Bloomberg Prices for Swiss single family homes fell for the first time since before the pandemic, raising the prospect that a market that has boomed for decades may be turning. Transaction prices declined 0.18% in the final three months of 2022, data compiled by Zurich-based real-estate consulting firm Wuest Partner show. The last time they fell was in the ...

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• 20 January

  Australian jobs surprisingly fall, easing case for rate hike

  

    Bloomberg Australian employment unexpectedly fell last month while the jobless rate remained unchanged, sending the currency and bond yields lower as traders pared bets on a February interest-rate increase. Employers cut 14,600 roles in December — the first decline in five months — confounding expectations for a 25,000 increase, official data showed Thursday. Unemployment held at 3.5% after being ...

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• 20 January

  US to send about 100 Stryker armored vehicles to Ukraine

  

  Bloomberg The Biden administration is planning to send about 100 Stryker armored vehicles in its next package of military aid to Ukraine worth about $2.5 billion. The US is poised to unveil the package as part of a broader announcement by western allies of new hardware for Ukraine that’s set for Friday, when defense ministers meet at Ramstein Air Base ...

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• 20 January

  India slams BBC documentary on 2002 riots in Modi’s Gujarat

  

    Bloomberg India dismissed as a “propaganda piece” a recently broadcast BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence in his home state. More than 1,000 people — mostly Muslims — were killed in sectarian violence across the state after a train carrying Hindu pilgrims was burned allegedly by a Muslim mob. ...

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• 20 January

  Taiwan premier resigns leaving Tsai with key cabinet decision

  

  Bloomberg Taiwan’s Premier Su Tseng-chang has tendered his resignation, leaving President Tsai Ing-wen to make a crucial appointment for the ruling Democratic Progressive Party as it seeks an unprecedented third straight term in power in next year’s presidential election. Su, Taiwan’s longest-serving premier since its first democratic elections in 1996, requested the president form a new Cabinet in a statement ...

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• 20 January

  Ardern resignation a loss to small club of women leaders

  Bloomberg The surprise resignation of New Zealand Prime Minister Jacinda Ardern is a major loss to the small club of women leaders around the world. Though other women lead bigger countries, Ardern was one of the highest profile heads of government and a beacon for many feminists around the world. She became the youngest female government leader when she took ...

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• 20 January

  Credit Suisse to pay upfront cash bonuses to senior staff

  

    Bloomberg Credit Suisse Group AG will pay its senior bankers an upfront cash award again this year, as executives attempt to incentivise staff to stick with the troubled lender as it undergoes a broad restructuring. Managing directors and directors in most locations will be paid the cash component of their variable 2022 compensation straight away, according to an internal ...

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• 20 January

  StanChart trader sees yuan resuming gains

  

    Bloomberg China’s yuan is poised to resume its advance as the removal of Covid curbs supercharges economic recovery in 2023, according to a veteran trader at Standard Chartered Plc. “The yuan is more likely to go to 6.5 per dollar than to 7 within the next three to six months,” said Charles Feng, head of macro trading for Greater ...

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• 19 January

  BMO, CIBC may raise new equity to build firewalls

    Bloomberg Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC) may need to raise new equity over the medium term to build capital levels as the bank regulator bolsters its requirements, according to analyst Nigel D’Souza. BMO issued shares in December 2022 and there’s been talk of CIBC doing the same after Canada’s financial watchdog boosted the minimum ...

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