September, 2022

• 20 September

  As binary as it gets — Bulls, bears and pivot

    It’s a binary world. To an extreme extent, opinions on the market are divided, and they are split on one key issue: Will the Fed have to “pivot” towards easier monetary policy in the next few months, or won’t it? This question vitiates investment decisions in almost any asset you care to mention. Everywhere you look, choices are contingent ...

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• 20 September

  SoftBank-backed Oyo seeks to resurrect IPO over growth

  

    Bloomberg Oyo Hotels, the once high-flying Indian startup, is reviving plans for a stock-market debut after cost cuts and a recovery in travel helped it reduce losses. The hotel-booking company filed fresh financial documents and is now targeting an initial public offering in early 2023 provided that India’s stock market continues to hold up and economic conditions improve, according ...

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• 20 September

  Adani’s rise to world’s second-richest boosts Indian equities’ clout

  

    Bloomberg Indian billionaire Gautam Adani’s ascent to rank as the world’s second-richest person has helped fuel a world-beating jump in the nation’s stocks and bolstered their clout among emerging-market equities. Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by ...

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• 20 September

  Korea’s exports of key memory chip plummet as demand chills

  

    Bloomberg South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth. Shipments of dynamic random access memory fell 24.7% from a year earlier in August, compared with a 7% decline in the previous month, according to data released by the trade ministry. ...

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• 20 September

  Sony to open theme-park in Thailand

    Bloomberg Sony Pictures Entertainment will open a theme and water park based on popular characters from films produced by Columbia Pictures next month in Thailand as it seeks to cash in on a rebound in tourism. The Columbia Pictures’ Aquaverse will open on October 11 in partnership with local developer Amazon Falls Co, in Bangsaray, about 90 minutes from ...

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• 20 September

  China’s provinces suffer major fiscal hit from Covid zero

  

  Bloomberg China’s doubling down on its zero-tolerance stance towards Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors. Jilin province, in the northeast of the country, has warned of “increasingly outstanding conflicts” between spending and income. Finances at almost half of its 60 county and district level governments are so tight they are exposed ...

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• 20 September

  Royals, world leaders attend Queen’s funeral

  

  Bloomberg The evocative bugle call of the “Last Post” echoed around a hushed Westminster Abbey as Queen Elizabeth II’s state funeral drew to a close— a poignant mark of remembrance and gratitude for the UK’s longest-serving monarch. After four extraordinary days in which hundreds of thousands of people queued for miles to pay tribute to the Queen at her lying-in-state ...

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• 20 September

  US will defend Taiwan from ‘unprecedented attack’: Biden

  

  Bloomberg President Joe Biden said US military forces would defend Taiwan from “an unprecedented attack,” his latest pledge of support as his administration seeks to deter China from increasing military pressure on the democratically elected government in Taipei. Biden made the remark during an interview with “60 Minutes” that aired Sunday, while distancing himself from the question of whether Taiwan ...

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• 20 September

  Court drops terror case against Imran Khan

    Bloomberg A Pakistan court ordered police to drop investigations into a terrorism complaint against former leader Imran Khan for allegedly threatening a female judge and senior police officials during a public rally last month. A two-judge panel of the Islamabad High Court led by Chief Justice Athar Minallah handed down the order while accepting Khan’s appeal to withdraw the ...

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• 20 September

  ECB to avoid climate laggards’ longer debt in historic shift

  

  Bloomberg The European Central Bank (ECB) will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring system created to screen out polluters and tackle climate change. The maturity limit will cut the “longer-term exposure of the Eurosystem to transition risks,” according to a statement. The ECB will also give “special treatment” to green bonds ...

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