October, 2022

• 19 October

  Beauty giant Natura weighs Aesop IPO

    Bloomberg Brazilian cosmetics maker Natura &Co is assessing options to unlock value at its high-end brand Aesop as the company seeks to restore investor confidence following a 76% stock plunge over the past 15 months. The shares rebounded as much as 18%. The Sao Paulo-based company will start studies for a possible initial public offering of Aesop, or a ...

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• 19 October

  Putin orders sweeping security powers in regions near Ukraine

  

  Bloomberg President Vladimir Putin ordered dramatically heightened security, including restrictions on movement, in regions along the border with Ukraine as attacks have spread into Russian territory. Citing strikes in recent weeks in border zones and a bombing on his showcase bridge to Crimea, Putin told a televised meeting of his Security Council that he’s ordering stepped-up measures across much of ...

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• 19 October

  UK warns former military pilots against giving training to China

    Bloomberg The UK said it is moving to stop ex-military pilots from offering training to China, warning they could be prosecuted under an espionage law. “When former UK military pilots provide training to the People’s Liberation Army of China it clearly erodes the UK’s defense advantage,” Britain’s Ministry of Defense said Wednesday on Twitter. “We are taking immediate steps ...

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• 19 October

  HSBC misled consumers with its green posters: Watchdog

  

    Bloomberg HSBC Holdings Plc has been reprimanded by a UK watchdog for violating environmental advertising rules, after it sought to depict itself as a green bank in a set of posters. In the latest sign that regulators are growing increasingly intolerant of all manifestations of greenwashing, the Advertising Standards Authority (ASA) said it has ordered HSBC to ensure the ...

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• 19 October

  BOE to start its delayed bond sales next month

  

    Bloomberg The Bank of England (BOE) will start its delayed bond sales early next month, refocusing on the fight against record inflation after averting the threat of a market meltdown. The announcement of so-called quantitative tightening is a statement of intent from the central bank, which had been on the defensive for weeks after fallout from a government plan ...

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• 19 October

  Scotiabank sells new hybrid debt as Fed’s hikes weigh on LatAm

  

    Bloomberg Bank of Nova Scotia, the Canadian bank with the largest exposure to Latin America, sold $750 million of loss-absorbing hybrid securities amid mounting concerns about the spillover effects of US Federal Reserve rate hikes on emerging-market economies. Scotiabank priced 60-year so-called limited recourse capital notes at a yield of 8.625%, down from around 8.75% initially discussed. That’s an ...

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• 19 October

  Irish central bank eases mortgage lending rules

  

    Bloomberg Ireland will make it easier for would-be borrowers to qualify for mortgages next year as it relaxes its income-to-loan requirements in an effort to widen accessibility in the face of a shortage of supply and record prices. Prospective first-time homeowners will be able to borrow as much as four times their gross income, up from a limit of ...

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• 19 October

  Deutsche Bank set for $292m capital gain

    Bloomberg Deutsche Bank AG is set to post a capital gain of more than €300 million ($292 million) in the fourth quarter after completing the sale of its Italian financial promoters network to Zurich Insurance group AG. The German lender will book the gain as additional revenue in the final quarter of the year. Deutsche Bank said Monday that ...

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• 19 October

  Mastercard to bring crypto trading capabilities to banks

  

    Bloomberg Mastercard Inc. debuted a service that will let consumers buy and sell digital assets through their bank accounts, potentially paving the way for thousands of finance firms to offer crypto trading for the first time. The product, called Crypto Source, will start in the US, Israel and Brazil early next year through a pilot program, Ajay Bhalla, Mastercard’s ...

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• 19 October

  Stocks slip amid inflation worries; pound weakens

  

    Bloomberg Stocks retreated as investors weighed concerns about scorching inflation and a looming recession against a strong start to the earnings season. The pound fell after UK inflation rose faster than economists expected. Contracts on the S&P 500 and the Nasdaq 100 fell by about 0.7%. Netflix Inc. rallied in early New York trading after reporting a surge in ...

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