September, 2022

• 22 September

  Indian IPOs to pick up within six months: Bank of America

    Bloomberg Bank of America Corp expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market. “I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India ...

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• 22 September

  Chubb in talks for tie-up with Hang Seng Bank

    Bloomberg Chubb Ltd is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd, a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details of a transaction that could be agreed over the coming weeks, the people said, asking not to be ...

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• 22 September

  Stocks head higher on Fed rate day; haven bid lingers

  

  Bloomberg Markets were muted on Wednesday with investors mostly staying on the sidelines before another expected rate hike from the Federal Reserve. Treasuries and the dollar gained on haven flows after Russian President Vladimir Putin stepped up his war against Ukraine. US equity futures pointed to a recovery from the slide in the S&P 500 on anxiety policy makers are ...

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• 22 September

  India’s Sebi aims to tighten rules for fintech companies

  

    Bloomberg India’s capital market regulator has increased vigil over new age fintech companies amid exponential growth in that sector and pledged to tighten scrutiny of their business models after some large initial public offerings left retail investors with significant losses. “In past we have been little late to the party but now it is our intention to narrow that ...

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• 22 September

  Bitcoin hovers in sight of lowest level since 2020

    Bloomberg Cryptocurrency investors waited with bated breath for a Federal Reserve policy decision that likely holds the key to whether Bitcoin can avert a drop to levels last seen when the pandemic was raging globally. The largest token was little changed at $19,000 as of 11:44 a.m. in Singapore on Wednesday, while other major coins like Ether, Solana and ...

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• 21 September

  Germany to nationalise gas giant Uniper in historic bailout

  

  Bloomberg The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalise the gas giant and stave off a collapse of the country’s energy sector. Uniper confirmed it is in final discussions with the government over a package that would include an 8 billion-euro capital increase, subscribed ...

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• 21 September

  Norway’s $1.2tn wealth fund sets net-zero target for portfolio firms

  

  Bloomberg Norway’s $1.2 trillion sovereign wealth fund will require the companies it invests in to reach net-zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition.” Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050, even as many have taken ...

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• 21 September

  Companies choosing flights on price rather than loyalty plans

  

    Bloomberg Flying business class has always been beyond the means of most fliers. Now even companies can’t afford fares that have soared as the world tries to reconnect in the wake of Covid. A return business-class flight on the longest routes, between New York and Sydney, for example, can cost more than $20,000, about double the price from pre-pandemic ...

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• 21 September

  Boeing holds fresh talks with China regulator on 737 Max comeback

  

    Bloomberg Boeing Co and China’s aviation authority held a meeting to evaluate the 737 Max aircraft, which hasn’t been fully approved to return to commercial service in the country despite flying again in most other markets. The talks were held in Zhoushan in eastern China, according to CAAC News, the media arm of the Civil Aviation Administration of China. ...

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• 21 September

  Ralph Lauren sees faster growth on high pricing, new customers

  

  Bloomberg Ralph Lauren Corp is targeting sales growth over the next three years that’s faster than Wall Street’s estimates, with the fashion brand aiming to pick up new customers and continuing to raise prices. The New York-based apparel company is targeting revenue growth in the mid-to-high single digits in each of the next three fiscal years, including the current one, ...

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