December, 2022

• 7 December

  JPMorgan reveals worst greenwash risk for firms

    Bloomberg Regulators look set to reserve their harshest interventions for firms caught making misleading statements about climate strategies, according to an assessment by JPMorgan Chase & Co analyst Jean-Xavier Hecker. “Climate change is likely to become the ESG theme where the crackdown on greenwashing will be the hardest, given that it represents a theme where scientific knowledge is widely ...

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• 7 December

  China’s safest credit in worst selloff since 2017 on good news

  

  Bloomberg The mood for risk is seeping into every corner of Chinese markets, with policy moves to ease Covid-19 curbs and revitalise the economy fuelling the biggest selloff in years in high-grade local corporate debt. Yields on most AAA rated domestic corporate bonds jumped at least 10 basis points on Tuesday, according to traders. They hit a 13-month high of ...

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• 7 December

  Gold falls with higher yields as traders eye Federal Reserve policy

  

    Bloomberg Gold falls the most since October as Treasury yields and the dollar rise, with traders assessing fresh US economic data for cues on the Federal Reserve’s rate policy along with China’s relaxation of its Covid-Zero policies. Stronger-than-expected US services data from November boosted chances that the Fed will keep interest rates higher for longer, which hurts bullion since ...

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• 7 December

  The year’s big yen short set for a dramatic U-turn in 2023

    Bloomberg The world’s worst-performing major currency looks poised for an impressive turnaround in 2023 as its two key drivers — a hawkish Federal Reserve and a dovish Bank of Japan — swap places in the eyes of some investors. The yen — a favoured short against the dollar for a majority of this year — could rally more than ...

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• 6 December

  Bahrain’s Investcorp to acquire US asset manager Marble Point

  

  Bahrain / Gulf Time Investcorp, a leading global alternative investment firm, on Monday announced it has agreed to acquire Marble Point Credit Management LLC (Marble Point), a leading US-based collateralised loan obligation (CLO) manager. “The proposed acquisition of Marble Point is a significant milestone in Investcorp’s 40-year journey of growth through diversification, geographic expansion and building scale. With $50 billion ...

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• 6 December

  UAE leaders wish King of Thailand on National Day

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Maha Vajiralongkorn of Thailand, on the occasion of his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent similar messages to the Thai King ...

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• 6 December

  Mubadala UAE Investments platform head to join Adnoc

  

    Abu Dhabi / WAM Mubadala Investment Company PJSC (Mubadala), the Abu Dhabi sovereign investor, on Monday announced the transition of Musabbeh Al Kaabi from his current role as Chief Executive Officer of the UAE Investments platform to Executive Director of a new Low Carbon Solutions & International Growth vertical at Abu Dhabi National Oil Company (Adnoc) as of January ...

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• 6 December

  ADX wins two awards for outstanding performance

  

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has been recognised by World Business Outlook with awards for “Best Trading Securities Exchange – Mena 2022” and “Best Trading Derivatives Exchange – Mena 2022” for accomplishments since 2021. ADX won the “Best Trading Securities Exchange – Mena 2022” award for reaching a record market capitalisation of more than ...

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• 6 December

  Emirates NBD teams up with Buna to boost cross-border transactions

  

    Dubai / WAM Emirates NBD announced its partnership with the Arab payment system Buna to facilitate payments and transfers within the Arab region. Buna is operated by the Arab Regional Payments Clearing and Settlement Organisation “Arpcso,” a subsidiary of the Arab Monetary Fund (AMF). The landmark tie-up with Buna will provide Emirates NBD’s clients with a more rapid, efficient ...

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• 6 December

  Emirates’ A380 touches down in New Zealand

    AUCKLAND / WAM Emirates’ flagship A380 made a landmark touchdown at Auckland Airport. This is the first time the Emirates double-decker has landed in Auckland since February 2020, demonstrating increasing travel demand in and out of New Zealand. The special non-stop daily service from Dubai to Auckland was greeted at Auckland Airport ahead of the country’s first fully open ...

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