September, 2022

• 26 September

  Canadian retail sales rise slightly in August

    Bloomberg Canadian retail sales rise slightly in August, a welcome rebound from the largest decline in more than a year in July. Receipts for retailers increased 0.4% in August, Statistics Canada reported Friday in Ottawa, according to an advance estimate. That follows a 2.5% sales drop in July, which was the first decline in seven months and the largest ...

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• 26 September

  ‘Read Putin more often and carefully,’ Lavrov tells world

  

  Bloomberg Grilled by reporters at the United Nations General Assembly about what comes next in Russia’s invasion of Ukraine, Foreign Minister Sergei Lavrov had simple advice. “You should read Putin more often and carefully,” he told a journalist who asked about Moscow’s endgame for the seven-month-old conflict, directing the questioner to Putin’s speeches for guidance. The Russian president’s public comments ...

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• 26 September

  First North Korea ballistic missile since June reignites tension

  

  Bloomberg North Korea fired a short-range ballistic missile, marking a return to provocations with US Vice President Kamala Harris due to arrive in the region and as an American aircraft carrier group prepares for naval exercises with South Korea. The launch on Sunday was its first since shooting off its single-day record of eight at the start of June. At ...

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• 26 September

  Bolsonaro, Lula battle for votes in Brazil’s largest state

  

  Bloomberg The front-runners in Brazil’s presidential election are seeking support in the country’s most populous state, where the polling gap between them has narrowed in the last days of the campaign. President Jair Bolsonaro attended an event in Campinas, one of the biggest cities in Sao Paulo state, in the morning, before taking part in a televised debate Saturday night. ...

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• 26 September

  Czech opposition group wins vote in large cities

    Bloomberg The main Czech opposition group won in most large cities in weekend municipal elections, mobilizing protest votes against the government’s handling of the energy crisis. The ANO party of billionaire former Prime Minister Andrej Babis came on top in eight of 13 regional centers, while losing to government parties in the capital Prague and in the second biggest ...

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• 26 September

  Barclays sued by investors over multibillion securities blunder

  

  Bloomberg Barclays Plc was sued by shareholders who claim they suffered significant losses after the British lender disclosed that paperwork errors led it to accidentally issue billions of dollars more in structured and exchange-traded notes than it had registered for sale. The bank and its executives “made materially false and misleading statements” and failed to disclose important information about both ...

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• 26 September

  Citi seeks final bids for Mexico unit by October

    Bloomberg Citigroup Inc is seeking a second and perhaps final round of bids for its Mexican retail arm Banamex by the end of October in what could be one of the year’s biggest banking deals, according to people familiar with the matter. Carlos Slim’s Grupo Financiero Inbursa, the Mexican bank Grupo Financiero Banorte and mining tycoon German Larrea are ...

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• 26 September

  Klarna to cut staff, growth plans after losses mount

    Bloomberg Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation. In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company told staff, some of whom were about to lose ...

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• 26 September

  GM’s commitment to electric cars still has skeptics

  

  Bloomberg In a surprise move, General Motors Co joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules. GM and the EDF are recommending that the Environmental Protection Agency (EPA) establish standards ensuring ...

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• 25 September

  Mazda sees no return path to production in Russia: Yomiuri

  

  Bloomberg Mazda Motor Corp is considering a permanent exit from Russia after its invasion of Ukraine put a halt on the Japanese carmaker’s production in the country. The company said its withdrawal is under discussion as it sees no path to restarting production in Russia, following a Yomiuri report that said it had decided to pull out. The Hiroshima-based carmaker ...

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