December, 2022

• 11 December

  Japan’s Takeda secures EU regulatory approval for its dengue vaccine

  

  Bloomberg Takeda Pharmaceutical Co’s dengue vaccine was given the green light for use in Europe, making it the world’s second ever inoculation to be approved to fight the mosquito-borne disease that affects almost 400 million people a year. The European Commission approved the two-shot regimen, called Qdenga, for individuals four years of age and older, Takeda said. Takeda’s shots can ...

  Read More »
• 11 December

  GoTo slumps as executives fail to convince investors

    Bloomberg GoTo Group shares continued their plunge after executives failed to assuage investor concerns about the unprofitable Indonesian internet company’s prospects. The stock fell for a 15th straight day, hurt by the expiry of a lockup on its major shareholders’ stakes that freed them to reduce their holdings. Management held a meeting with investors in which it said it ...

  Read More »
• 11 December

  Korean EV supercharging maker opens US office, expands in Japan

  

    Bloomberg Chaevi, a South Korean maker of supercharging stations for electric cars, is planning on building out an ultra-fast network in the US and partnering with automakers in Japan as consumers around the world embrace cleaner passenger transport. After installing some 26,000 EV chargers at home since the company was established in 2016, Chaevi has opened an office in ...

  Read More »
• 11 December

  Vietnam harvests 40% of 22-23 coffee crop

    Bloomberg Coffee farmers in Vietnam, the world’s biggest grower of the robusta variety, collected about 40% of the 2022-23 crop as of early December amid concerns about bean quality due to prolonged rains, according to Nguyen Nam Hai, head of the nation’s coffee association. Extensive rains hit major coffee-producing provinces of Dak Lak, Gia Lai and Kon Tum this ...

  Read More »
• 11 December

  Japan policy chief meets Taiwan’s Tsai amid China strain

  

  Bloomberg Taiwan received its first visit from a top member of Japan’s ruling party in 19 years, a trip that comes as Tokyo prepares a hefty boost in military spending to counter threats from countries like China. Koichi Hagiuda, policy chief of Japan’s Liberal Democratic Party (LDP), met with President Tsai Ing-wen. Tsai told Hagiuda Taiwan will continue to deepen ...

  Read More »
• 11 December

  Goldman, JPMorgan to win big from British finance reforms

  

    Bloomberg Goldman Sachs Group Inc and JPMorgan Chase & Co are likely to be among the beneficiaries of the government’s financial services reforms through a proposed relaxation of ring-fencing capital rules that will boost their UK savings arms. The government said it intends to consult next year on the possibility of increasing the threshold above which lenders must ring-fence ...

  Read More »
• 11 December

  London’s XTX Markets plans crypto expansion

  

    Bloomberg XTX Markets has become the last major global market maker to take the plunge into crypto despite its founder’s dislike for the digital asset space. Chief Executive Officer Alex Gerko tweeted that the company has filled one of the four crypto positions advertised in October. The roles are on the operations team and trading desk, and based in ...

  Read More »
• 11 December

  Ghana’s cedi sees biggest gain against US dollar

  

    Bloomberg Ghana’s currency took the title of the world’s best performer against the dollar this week amid optimism the debt-distressed country is moving closer to unlocking an International Monetary Fund bailout. The cedi has rallied 10% in the past five days, the biggest advance among about 150 currencies tracked by Bloomberg. That’s a turnaround for an exchange rate that ...

  Read More »
• 11 December

  Former central bank economist named Peru’s new finance chief

    Bloomberg Peru’s new President Dina Boluarte named a US-educated economist who has spent most of his career at the central bank as economy minister, potentially soothing investor nerves after last week’s political chaos. The new finance chief, Alex Contreras, served as deputy economy minister under former President Pedro Castillo. Contreras worked at the central bank between 2007 and 2019, ...

  Read More »
• 11 December

  China central bank official calls for orderly carbon reduction

  

    Bloomberg China should pursue any transition to green economic activity in an orderly manner and avoid any “campaign-style” carbon reductions at its financial institutions, a deputy central bank governor said. Financial institutions must resist exit from high-carbon assets by enhancing their ability to identify green and low-carbon economic activities and coping with financial risks linked to climate change, the ...

  Read More »