December, 2022

• 19 December

  Hillhouse Capital to combine its Singapore offices in new location

    Bloomberg Investment giant Hillhouse Capital is consolidating its two Singapore locations by moving to one of the city-state’s most premier office buildings overseeing the Marina Bay skyline, according to people with knowledge of the matter. Hillhouse has signed a lease for the 28th floor of Marina Bay Financial Centre Tower 1, the people said, asking not to be identified ...

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• 19 December

  TSMC CEO says export controls weaken trust among countries

  

    Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) Chief Executive Officer CC Wei warned of the dangers of excessive government export controls, which can erode mutual trust between countries. “Export controls and banning products from other foreign countries destroy productivity and efficiency gained under globalisation, or at least they reduce benefits offered by a free market,” Wei said at an industry ...

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• 19 December

  Japan to raise winter bonus by 9.7%

    Bloomberg Japanese companies are set to raise winter bonus payments by 9.7%, the largest gain since 1975, a survey by Nikkei newspaper reported. Steel makers led all industries in bonus increases, while semiconductors saw several companies reporting record profit led by strong demand. Disco Cor, a maker of precision processing equipment, paid Â¥3.16 million, the highest level among all ...

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• 19 December

  Coal’s surge not to stop Idemitsu selling Australian mine stake

  

    Bloomberg Japan-based Idemitsu Kosan Co will aim to go ahead with the sale of a stake in an Australian coal mine, despite a surge in prices. The firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland, said President Shunichi Kito, who didn’t elaborate on the parties involved or when ...

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• 19 December

  North Korea fires two ballistic missiles, escalating tensions

  

  Bloomberg North Korea fired at least two suspected medium-range ballistic missiles from near a site that a few days ago it tested a new solid-fuel rocket engine that could enhance its ability to launch quick-strike, longer-range missiles for delivering nuclear warheads. Two medium-range ballistic missiles were launched from the Tongchang county area, South Korea’s Joint Chiefs of Staff said. Japan’s ...

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• 19 December

  Trump faces more woes in Jan 6 panel’s blockbuster finale

  

  Bloomberg Donald Trump awaits the most serious blow yet from House lawmakers investigating the January 6 Capitol attack — a possible recommendation that he be prosecuted just as he’s launching a comeback bid for the White House. The committee is poised to decide on Monday whether to refer Trump and several advisers to the Justice Department for criminal charges for ...

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• 19 December

  Putin’s ambitions put Finland’s troops, tanks back in vogue

  

  Bloomberg For much of the last 30 years Finland’s armed forces have looked a little old fashioned, still configured to fight a major land campaign in Europe as though the Cold War never ended. No more. As Finland readies to join the North Atlantic Treaty Organization (Nato) against the backdrop of Europe’s bloodiest war since 1945, in Ukraine, the Nordic ...

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• 19 December

  Fiji leader loses majority in election

  

  Bloomberg Fiji’s long-time leader, Frank Bainimarama, failed to win a majority in elections held last week, leaving the Pacific island nation facing a hung parliament and a period of uncertainty as political parties look to form coalitions. Bainimarama’s Fiji First Party won 26 seats in the vote, according to Fijilive.com and data from the Fiji Elections Office. That’s two short ...

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• 19 December

  Irish PM faces housing crisis in second stint

    Bloomberg Leo Varadkar took over as Ireland’s PM, or Taoiseach, for a second time as part of a coalition deal struck after the 2020 election, with an urgent housing crisis at the top of his agenda. The Fine Gael leader was elected by the country’s parliament with 87 votes to 62 and appointed to the role by the president ...

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• 19 December

  After this year’s IPO slump, bankers wary of 2023 relief

  

    Bloomberg Initial public offerings are heading for their longest drought since the global financial crisis — and bankers don’t expect a revival anytime soon. A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals in recent years. Just ...

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