November, 2022

• 21 November

  GoTo reports narrower quarterly loss

    Bloomberg GoTo Group reported a narrower third-quarter loss, helped by cost cuts at the Indonesian ride-hailing and e-commerce giant. The adjusted loss before interest, taxes, depreciation and amortization shrank to 3.7 trillion rupiah ($235 million) from 4.2 trillion rupiah a year earlier, the Jakarta-based company said Monday. Net revenue, which strips out incentives to driver and merchant partners and ...

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• 21 November

  US, China defense chiefs likely to meet in sign of thawing ties

  

  Bloomberg The US and Chinese defense chiefs are likely to meet for their first talks since Beijing suspended dialog with Washington over House Speaker Nancy Pelosi’s August visit to Taiwan —the latest sign that ties between the two nations are stabilizing. US Defense Secretary Lloyd Austin would welcome a meeting with Chinese Defense Minister Wei Fenghe during a gathering of ...

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• 21 November

  Kurdish militants kill three in Turkey in attack from Syria

  

  Bloomberg Separatist Kurdish militants in Syria launched a cross-border mortar attack on a Turkish border town, killing at least three people including a school teacher, authorities said. Violence between Kurdish militants and Turkey is spiraling after Turkish warplanes bombed bases of outlawed Kurdish PKK group in northern Iraq and affiliated US-backed Kurdish fighters in Syria in retaliation for a deadly ...

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• 21 November

  Anwar is one compromise away from finally leading Malaysia

  

  Bloomberg Veteran opposition leader Anwar Ibrahim, who has come tantalizingly close to leading Malaysia during his tumultuous political career, is suddenly on the cusp of clinching the top job —but a final hurdle stands in his way. Anwar’s reformist coalition won 82 parliamentary seats in Saturday’s election, the biggest haul among the competing blocs. While it’s short of the majority ...

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• 21 November

  UK won’t align with EU laws, Sunak says

  

  Bloomberg Prime Minister Rishi Sunak said the UK isn’t prepared to align itself with EU laws as part of their post-Brexit relationship, pushing back against reports his government is exploring the potential for Switzerland-style ties with the bloc. “Under my leadership the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws,” Sunak said ...

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• 21 November

  Poland floats deploying missiles as Germany offers Patriots

    Bloomberg Poland’s defense chief welcomed a German offer to deploy Patriot missiles in the country and proposed stationing the defense system near its border with Ukraine. Germany made the offer less than a week after a missile strike killed two people in a village in eastern Poland, raising fears of a significant escalation between Nato and Russia nine months ...

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• 21 November

  South Korea’s won swings from worst to best in Asia

  

  Bloomberg South Korea’s won is seen strengthening further after bouncing back from a 13-year low to become Asia’s best-performing currency, as the outlook for global trade improves for the major exporting nation. The won has climbed 6% against the dollar this month, the biggest rise among major Asian currencies, amid expectations of softer rate increases in the US and China’s ...

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• 21 November

  China urges banks to maintain stable property financing

  

    Bloomberg China’s financial regulators have asked banks to stabilise lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster economic growth. Authorities support the “reasonable” extension of existing real estate development loans and trust loans, according to a statement posted on the People’s Bank of China’s (PBOC) website after ...

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• 21 November

  Deutsche Bank weighs cuts to leveraged finance unit

  

    Bloomberg Deutsche Bank AG is weighing cuts to its leveraged finance unit as part of a review by Chief Executive Officer Christian Sewing into under-performing businesses as his three-year restructuring concludes. The exercise is scheduled to finish next month and may result in less capital and other resources including staff being allocated to the business of providing loans to ...

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• 21 November

  US demand for credit cards ‘robust’

    Bloomberg US consumers continued to seek out more credit cards this year even as the Federal Reserve aggressively lifted borrowing costs, a shift that cooled demand for mortgages, auto loans and other types of credit, according to research from the New York Fed. The New York Fed’s most recent credit-access survey showed an application rate for credit cards of ...

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