September, 2022

• 29 September

  Burberry hires Daniel Lee as designer

    Bloomberg Burberry Group Plc appointed former Bottega Veneta creative head Daniel Lee to succeed chief designer Riccardo Tisci, who is leaving the British fashion brand after five years. Tisci’s departure completes a changing of the guard atop the luxury retailer and comes less than a week after Chief Financial Officer Julie Brown announced she was leaving to join drugmaker ...

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• 29 September

  Kim fires missiles ahead of Kamala Harris DMZ visit

  

  Bloomberg North Korea fired two short-range ballistic missiles into waters off its east coast, ramping up tensions a day before US Vice President Kamala Harris is set to visit the demilitarized zone that divides the two Koreas. The launches took place from the Sunan area near Pyongyang’s international airport at around 6:10 p.m. and 6:20 p.m. respectively Wednesday, South Korea’s ...

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• 29 September

  Russian leaders declare victory in stage-managed Ukraine ‘referendums’

  

  Bloomberg Russian leaders declared victory in a series of stage-managed, UN-condemned “referendums,” as the Kremlin moved to annex a large chunk of occupied Ukrainian territory after a string of humiliating military setbacks. Dmitry Medvedev, deputy head of Russian Security Council, wrote on his official Telegram channel in the early hours of Wednesday that the referendums were over. “Results are clear,” ...

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• 29 September

  Russians fleeing Putin’s draft stir fears in worried neighbours

  

  Bloomberg The growing exodus of Russians fleeing President Vladimir Putin’s mobilization order is creating turmoil at the borders with neighboring states and stirring fears about potential instability. After driving with friends for more than 30 hours from Moscow to reach the Russian border with Kazakhstan in central Asia, 46-year-old Ilya, who asked not to disclose his last name, said they ...

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• 29 September

  Biden to fete Pacific Island nations at US summit, eyeing China’s grasp

  

  Bloomberg President Joe Biden is seeking to mend ties with Pacific Island nations following years of neglect at a first-ever White House summit, as the US and its allies worry that the strategically important countries risk drifting into China’s orbit. At an unprecedented two-day event starting on Wednesday, the administration plans to announce a series of initiatives and a new ...

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• 29 September

  Yuan falls to weakest level since 2008 on signs PBOC easing grip

  

    Bloomberg The onshore yuan falls to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning down its support for the local currency. The onshore yuan weakened to 7.2409 per dollar, a level unseen in 14 years, while the offshore unit slid to an ...

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• 29 September

  JPMorgan’s UK digital bank attracted 1 million customers in one year

  

  Bloomberg JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it one of the UK’s most popular neobanks. Chase UK clients hold an average of £27,000 ($29,084) in their Chase Saver account, according to a statement on Wednesday. The lender said it has processed about 92 million card and payment ...

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• 29 September

  Goldman Sachs signs lease for new Birmingham office

    Bloomberg Goldman Sachs Group Inc. signed a lease for a new office in Birmingham, England, that could eventually accommodate as many as 1,000 staff. The Wall Street bank has signed a long-term lease for about 110,000 square feet of space in One Centenary Way, an office being built at the Paradise Birmingham development, according to a statement Wednesday. Goldman ...

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• 29 September

  Bank Indonesia intervention lifts rupiah from lowest since 2020

  

    Bloomberg Bank Indonesia stepped in to prop up the rupiah for a second day, joining a host of other policy makers which are pushing back against a surging dollar. Indonesian authorities are intervening in the spot and domestic non-deliverable forwards markets to prevent the rupiah from weakening excessively, Edi Susianto, executive director of monetary management, said in a text ...

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• 29 September

  Dollar rallies, UK bonds surge after Bank of England statement

  

  Bloomberg The dollar rises to another record after the White House talked down the prospect of weakening the currency, while UK bonds surged after the Bank of England (BOE) said it would carry out temporary purchases of long-dated government bonds to help restore order to the market. US futures were mixed, while European stocks dropped for a fifth day as ...

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