November, 2022

• 18 November

  Banks need flexibility to draw female talent in post-Covid era

  

  Bloomberg Flexibility is vital to attract talented female employees as many have altered their lifestyles and requirements following the Covid-19 pandemic, according to executives in the financial services industry. Kobkarn Wattanavrangkul, chairperson at Kasikornbank Pcl, said employers must pay more attention the new needs and adapt quickly to recruit well and sustain growth. Meanwhile Narisa Chauvidul-Aw, chief executive officer and ...

  Read More »
• 18 November

  Citigroup, Barclays cut investment-banking jobs

  

    Bloomberg Citigroup Inc. and Barclays Plc started eliminating jobs in their investment-banking operations, joining other major banks in responding to plunging revenue from the business. Dozens of positions at New York-based Citigroup were cut this week, while reductions expected to eventually total about 200 have begun at London-based Barclays. US banks have been hurt by the dramatic slowdown in ...

  Read More »
• 18 November

  Philippines sticks with bold rate hike

    Bloomberg The Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate to 5%, as predicted by all but one in a Bloomberg survey of 24 ...

  Read More »
• 18 November

  BOJ veterans tipped as best picks to replace Kuroda

  

  Bloomberg Two Bank of Japan (BOJ) veterans lead the field to replace Governor Haruhiko Kuroda next spring in a change of leadership at the central bank that risks upsetting global financial markets and spawning a renewed surge of speculation over possible policy change. Most BOJ watchers surveyed by Bloomberg see current Deputy Governor Masayoshi Amamiya or his predecessor Hiroshi Nakaso ...

  Read More »
• 18 November

  China, South Korea stocks set to outperform in 2023: Goldman

  

  Bloomberg Goldman Sachs Group Inc.’s analysts turned bullish on the equity markets of China and South Korea, predicting they will outperform in 2023 as Beijing relaxes its Covid-Zero policy and the global backdrop improves. Both the MSCI China benchmark and the country’s CSI 300 Index will rise by 16% in the next 12 months, the most in the region, strategists ...

  Read More »
• 18 November

  Stocks rise with yields as Fed messages digested

  

    Bloomberg European stocks rise and US index futures pointed to a stronger open on Wall Street after two days of losses triggered by Federal Reserve signals that interest rates would continue to rise for a while yet. Europe’s Stoxx index rises 0.8%, led by energy, banking and utilities, though shares stayed on track to snap a four-week rising streak. ...

  Read More »
• 18 November

  Mubadala takes strategic stake in Singapore’s AirCarbon Exchange

  

    Abu Dhabi / WAM Mubadala Investment Company and AirCarbon Exchange (ACX) have successfully completed a transaction under which Mubadala has acquired a strategic stake in ACX, supporting ACX’s establishment of the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi. ACX, based in Hub71, is a global environmental commodities exchange that uses distributed ledger technology ...

  Read More »
• 18 November

  Rashid rover Moon mission to launch on November 28

    DUBAI / WAM The ambitious Emirates Lunar Mission (ELM) of the Mohammed Bin Rashid Space Centre (MBRSC) is set to launch on November 28 at the earliest, at 3.46 am US Eastern Standard Time/12.46 pm UAE Time. The dates and times are subject to change depending on weather and other conditions. The announcement follows the confirmation of Rashid Rover’s ...

  Read More »
• 18 November

  Adipec generates $8.2b in business for energy firms

  

    Abu Dhabi / WAM Adipec 2022 has generated an estimated $8.2 billion in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed. Adipec took place in Abu Dhabi from October 31 to November 3, gathering some of the best minds from energy markets around the world to address critical issues facing the energy sector, including ...

  Read More »
• 18 November

  Masdar, Jordan ministry partner to explore renewable energy projects

  

  Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, announced on Thursday that it has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewable energy projects with a total capacity of up to 2 gigawatts (GW). The MoU was signed by Dr Sultan bin Ahmed Al ...

  Read More »