November, 2022

• 24 November

  Twin Jerusalem blasts kill one in escalating violence

  

  Bloomberg Twin explosions rocked Jerusalem on Wednesday, killing one and wounding at least 14, a sharp escalation after months of growing violence between Israelis and Palestinians. The first blast detonated near a bus stop at the entrance to Jerusalem on Wednesday morning and a second exploded 30 minutes later near the Ramot junction in the city. Police said they suspected ...

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• 24 November

  Taiwan in ‘comfortable’ position post Xi-Biden talks

  

  Bloomberg Talks between the leaders of China and the US were good for peace in Asia-Pacific, Taiwan Foreign Minister Joseph Wu said, underscoring how tensions in the region have eased in recent weeks. “The kinds of messages coming from the United States this time, we feel rather comfortable about the meetings,” Wu said Tuesday at a briefing in Taipei before ...

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• 24 November

  Erdogan threatens attack on US ally in Syria to seal border

  

  Bloomberg President Recep Tayyip Erdogan on Wednesday threatened to start a long-suspended offensive against US-backed Kurdish forces in Syria to push them further from Turkey’s southern border. The Turkish leader spoke as his country’s warplanes and artillery kept pounding positions of Kurdish YPG militia it holds responsible for a deadly bomb attack in Istanbul last week and cross-border shelling of ...

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• 24 November

  Bolsonaro’s party questions Lula’s victory in Brazil runoff election

  

  Bloomberg President Jair Bolsonaro’s party is questioning the result of Brazil’s runoff election, seeking to annul votes that gave leftist leader Luiz Inacio Lula da Silva a tight victory on October 30. Bolsonaro’s Liberal Party claimed that older models of Brazil’s electronic ballots had problems that make it impossible to properly identify the machines, and requested that votes cast through ...

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• 24 November

  Credit Suisse saw $88 billion outflows as confidence slumps

  

    Bloomberg Credit Suisse Group AG clients pulled as much as 84 billion Swiss francs ($88.3 billion) of their money from the bank during the first few weeks of the quarter, underlining ongoing concerns over the bank’s restructuring efforts after years of scandals. The Zurich-based bank warned on Wednesday that it will face a loss of up to $1.6 billion ...

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• 24 November

  RBNZ raises interest rates by record 75 basis points

  

    Bloomberg New Zealand’s central bank (RBNZ) raised interest rates by a record 75 basis points and signalled further tightening ahead, stepping up its inflation fight even as it forecasts a recession next year. Short-maturity bond yields surged after the Reserve Bank’s Monetary Policy Committee lifted the official cash rate to 4.25% from 3.5% on Wednesday in Wellington, as predicted ...

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• 24 November

  Nigeria central bank unveils redesigned currency notes

    Bloomberg Nigeria unveils redesigned high-denomination banknotes as the central bank confirmed a January deadline to roll out the new bills despite calls for an extension. “We will not shift the deadline,” Governor Godwin Emefiele said at a briefing in the capital, Abuja. Critics of the move have argued that the six-week window will cause massive lines at banks and ...

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• 24 November

  Goldman to pay $4mn SEC penalty in ESG fund case

    Bloomberg Goldman Sachs Group Inc. will pay $4 million to settle US regulators’ claims that its asset-management unit didn’t properly weigh environmental, social and governance (ESG) factors in some of its investment products. The Securities and Exchange Commission (SEC) said that the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment ...

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• 24 November

  Crypto collapse opens 1,350% gap between stocks, price targets

  

    Bloomberg Predicting the price of a stock a year from now is hard, even for Wall Street’s best analysts. But for investors who bought into the bullish expectations behind cryptocurrency-related stocks at the beginning of this year, those forecasts now look like pipe dreams. For 10 crypto stocks tracked by Bloomberg, with at least three analyst price targets at ...

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• 24 November

  US stocks advance before Fed minutes; dollar declines

  

    Bloomberg US stocks rise as investors await the release of policy minutes from the Federal Reserve’s latest meeting for potential signs that the central bank may slow its pace of interest-rate hikes. The S&P 500 climbed after closing at its highest level since mid-September. The Nasdaq 100 jumped after wavering as the session started. Sentiment was boosted after latest ...

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