September, 2022

• 8 September

  Brazil deploys 10,000 cops in capital before Bolsonaro rally

    Bloomberg Brazil’s Supreme Court, which has become the main target of President Jair Bolsonaro’s fiery rhetoric, reinforced its security to avoid a potential attack during demonstrations expected in the nation’s capital on Wednesday. Around 10,000 police officers have been deployed to prevent riots in Brasilia, where Bolsonaro supporters will hold pro-government rallies following an Independence Day military parade. An ...

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• 8 September

  Congress party to march for months, battling Modi’s divisive politics

  

    Bloomberg Rahul Gandhi, the scion of India’s Congress party, has kicked off a 3,500 kilometer-long (2,175 miles) march across the country to revive his party’s fortunes and challenge Prime Minister Narendra Modi in elections less than two years away. The five month-long “Unite India” journey will take Gandhi, 52, and thousands of his party workers across 12 states — ...

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• 8 September

  More US lawmakers visit Taiwan after Pelosi

    Bloomberg A bipartisan group of eight US lawmakers arrived in Taiwan on Wednesday, bringing the number of congressional visits this year to the highest in at least a decade as shows of support for the island’s leadership have grown. The delegation of two Democratic and six Republican members of the House of Representatives, led by Florida Democrat Stephanie Murphy, ...

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• 8 September

  Fed effect rips through Asia as currencies hit multi-year lows

  

    Bloomberg The dollar steamrolled through Asia Wednesday as bond market bets on higher-for-longer US rates gave fresh fuel to the greenback’s rally, triggering a vocal pushback from regional officials. A gauge of the greenback climbed to a record, helped by what has become the steepest-ever surge in real yields. The yen dropped to a fresh 24-year low, the won ...

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• 8 September

  Bank of Canada seen nailing soft landing despite early wobble

  

    Bloomberg The Bank of Canada is expected to pull off a coveted soft landing, bringing soaring inflation back to near its 2% target without tipping the nation’s economy into a major downturn. A wide-ranging Bloomberg survey of 21 economists on Bank of Canada policy found that the central bank took a credibility hit with a late response to inflation. ...

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• 8 September

  Philippine central bank open to more rate hikes

  

  Bloomberg Philippine central bank Governor Felipe Medalla signaled readiness for as many as three more quarter-point increases to interest rates, depending on the pace of the Federal Reserve’s monetary tightening. In a scenario where the Fed increases rates by 75 basis points and delivers one more hike after that, Bangko Sentral ng Pilipinas will probably be doing not more than ...

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• 8 September

  MUFG plans to sell $600m of Marelli debt to Deutsche Bank

  

  Bloomberg Mitsubishi UFJ Financial Group Inc. plans to sell about 86 billion yen ($608 million) worth of Marelli Holdings Co. loans to Deutsche Bank AG, as the auto-parts supplier undergoes a court-led rehabilitation. The Japanese bank has already written off most of the amount, and is seeking to recover income by selling the debt. The bank is seeking to complete ...

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• 8 September

  HSBC trimming China debt team in Hong Kong

    Bloomberg HSBC Holdings is trimming the number of bankers focused on Chinese debt issuance amid a slump in bond deals from the world’s second-largest economy. Two vice presidents, who covered China debt markets, are leaving the firm, according to people familiar with the matter. With that the Hong Kong-based team covering Greater China debt capital markets will shrink to ...

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• 8 September

  Crypto.com transfers $7.2m to woman instead of $67.15

    Bloomberg Crypto.com, the digital currency app that was fronted by Matt Damon in a Super Bowl TV ad, is seeking the return of about A$10.5 million ($7.2 million) it accidentally transferred to a woman in Melbourne. But some of it has already been spent, including on a A$1.35 million five-bedroom property in suburban Melbourne. The firm discovered during an ...

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• 8 September

  Asia stocks sink to lowest since May 2020 on strong dollar pain

  

  Bloomberg A fresh sell-off hit Asian equities on Wednesday as concerns over a stronger dollar and rising global interest rates added to pressure on capital flows. The MSCI Asia Pacific Index dropped as much as 1.8% to its lowest since May 2020 as most sectors were in the red. Tech shares led declines, given the sector’s sensitivity to higher borrowing ...

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