September, 2022

• 19 September

  FCA issues warning on crypto’s FTX to users

  

    Bloomberg The UK’s Financial Conduct Authority (FCA) published a warning to consumers about Sam Bankman-Fried’s crypto exchange FTX, saying it isn’t authorised by the regulator to offer financial services or products in the country. The regulator said on its website that Bahamas-based FTX “is targeting people in the UK,” adding that investors are “unlikely to get your money back ...

  Read More »
• 19 September

  US lenders may face new rules for dealing with crises

    Bloomberg US banking regulators are considering asking large regional banks to add to financial cushions to make it easier to wind them down in a future crisis, Dow Jones reported citing people familiar with the matter. New rules under consideration include requirements for regional banks to raise long-term debt that can help absorb losses in case of insolvency, extending ...

  Read More »
• 19 September

  Singapore dollar may become winner as MAS tightens

    Bloomberg Singapore’s dollar has established itself as Asia’s most resilient currency against the US dollar this year, and some strategists are betting on more strength if price pressures force the nation’s central bank to tighten its exchange-rate policy again next month. Goldman Sachs Group Inc, Citigroup Inc and MUFG Bank Ltd are among banks that are bullish on the ...

  Read More »
• 19 September

  Stocks fall in cautious start to key Fed decisions week

  

    Bloomberg Stocks slid with US equity futures in a cautious start on Monday as investors await a slew of interest rate decisions in the days ahead and after global equities notched their worst week since hitting this year’s low in June. Futures on the S&P 500 index dropped 1% along with the Nasdaq 100, indicating extended declines for the ...

  Read More »
• 19 September

  China struggles to stem yuan slide with fixing, warnings

  

    Bloomberg The yuan fell, an indication that China’s latest attempts to beef up the currency with a record pushback in the reference rate and verbal warnings is barely holding back a selling wave. The People’s Bank of China (PBOC) fixed the yuan at 6.9396 per dollar, 647 pips stronger than the average estimate in a Bloomberg survey of analysts ...

  Read More »
• 19 September

  UAE, Uruguay discuss ways of enhancing parliamentary ties

  

    MONTEVIDEO / WAM Saqr Ghobash, Speaker of the UAE Federal National Council (FNC), and Pablo Lanz, Chairman of the International Relations Committee of the Senate of Eastern Uruguay, discussed enhancing parliamentary relations and stressed the importance of joint cooperation and coordination regarding international issues of common interest. Saqr Ghobash is leading a parliamentary delegation on an official visit to ...

  Read More »
• 19 September

  Biden ‘warns’ Xi of investment chill if Beijing supports Putin

  

  Bloomberg President Joe Biden said he warned Chinese President Xi Jinping it would be a “gigantic mistake” to violate sanctions imposed on Russia, but that there’s been no indication that Beijing has provided weapons to Moscow for its invasion of Ukraine. Biden, according to excerpts from an interview with CBS’s “60 Minutes” airing Sunday, said he spoke with Xi shortly ...

  Read More »
• 19 September

  UAE leaders wish Chilean President on Independence Day

    ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Gabriel Boric of Chile on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also dispatched a similar message to President Boric.

  Read More »
• 19 September

  Aria launches four projects worth AED154m in HFZA

  

    SHARJAH / WAM ARIA Commodities, the market specialist in the field of asphalt and distillates and storage infrastructure development, has announced it will invest a total of AED154 million in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a Refinery, a Tire Cycling Plant, and a Storage Terminal. ARIA has also announced that ...

  Read More »
• 19 September

  Sharjah seeks to bolster public-private partnerships, draw more investments

  

    SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has made a number of recommendations to strengthen the emirate’s public-private partnerships (PPPs), following the Cabinet’s recently approved decision to issue a federal law regulating partnerships between the federal authorities and the private sector in the UAE. During its regular meeting held at the SCCI’s headquarters, the board ...

  Read More »