September, 2022

• 24 September

  Lula’s support puts first-round win back in play, DataFolha says

    Bloomberg Luiz Inacio Lula da Silva is gaining momentum 10 days before Brazil’s presidential election, nearing the simple majority needed to give him a first-round victory on October 2, a new DataFolha poll shows. Leftist challenger Lula would take 47% of the first-round vote, up from 45% a week ago, with the increase falling inside the poll’s two-point margin ...

  Read More »
• 24 September

  UK’s biggest tax cuts since 1972 trigger crash in pound, bonds

  

  Bloomberg Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds. Chancellor of the Exchequer Kwasi Kwarteng announced a series of tax cuts and regulatory reforms that will cost ...

  Read More »
• 24 September

  Gas shortage: Germany steps up preparations for emergency rationing

  

  Bloomberg Germany is stepping up preparations for a gas emergency that would require rationing for the country’s biggest companies this winter as Russia’s squeezes flows to Europe. In a sign of growing urgency, the regulator will next Wednesday present to lawmakers a digital security platform to identify the “non-protected” consumers that will bear the brunt of rationing. That includes Germany’s ...

  Read More »
• 24 September

  Pfizer, US revise contract for donated vaccines as world demand plummets

  

    Bloomberg President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed. Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving ...

  Read More »
• 24 September

  Salesforce to make more acquisitions: CEO

    Bloomberg Salesforce Inc. Co-Chief Executive Officer Marc Benioff said the company will continue to make acquisitions, while focusing more immediately on integrating companies it already bought. “We’ve bought 60 companies — we’ll always buy companies,” Benioff said in an interview with Bloomberg Television from the software giant’s annual Dreamforce conference. Meanwhile, Salesforce is still integrating employees of recently acquired ...

  Read More »
• 24 September

  FedEx slides on skepticism over new CEO’s cost-cutting plan

  

    Bloomberg FedEx Corp. declined after the new CEO’s plan to cut costs and raise shipping rates fell flat with Wall Street, leaving investors concerned about deep challenges including slowing demand and elevated expenses. The courier said it will cut flights, defer projects and close offices as it seeks as much as $2.7 billion in savings this fiscal year. The ...

  Read More »
• 24 September

  Bonds, stocks decline as global economic growth fears spread

  

    Bloomberg Global bond yields surged and stocks extended declines at the end of a week that underscored expectations for tighter monetary policy and a slowing economy. A dollar gauge rose to yet another record and 10-year Treasury yields to the highest in more than a decade, while UK bonds plunged and the pound fell as markets priced in a ...

  Read More »
• 24 September

  Crypto outperforms stocks for a change as correlation breaks

  

  Bloomberg Cryptocurrencies outperformed US equities for a change, with Bitcoin and Ether gaining for the first time in five days. Bitcoin, the largest virtual currency by market value, rose about 2% to $19,2912 in New York. Earlier, it slid as much as 4% toward a three-month low. Ether rose about 1.5%. It had dropped as much as 20% since a ...

  Read More »
• 23 September

  Renewable energy jobs reached 12.7 million globally, says Irena

  

    ABU DHABI / WAM Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of Covid-19 and the growing energy crisis, according to the “Renewable Energy and Jobs: Annual Review 2022” report. The report identifies domestic market size as a major factor influencing employment generation in ...

  Read More »
• 23 September

  Salik raises AED3.7 billion in oversubscribed DFM listing

  

    DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Thursday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM). The company confirms the previously announced upsized offering size of 1,867,500,000 ordinary shares (“Offer Shares”), equivalent to 24.9% of total issued share capital, along ...

  Read More »