August, 2022

• 2 August

  Vinci agrees deal for 30% stake in Mexico’s OMA

    Bloomberg Vinci SA has agreed to buy Fintech Advisory Inc’s 30% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte SAB. The French concessions and construction company will become the leading shareholder in the operator, known as OMA, it said in a statement that confirmed an earlier Bloomberg News report. The deal is valued at about $815 million, ...

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• 2 August

  Zilingo COO quits in blow for S’pore startup

    Bloomberg The chief operating officer of Zilingo Pte has resigned from the company after a tenure during which the fashion e-commerce startup rose to prominence before plunging into a crisis. Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. “I have resigned and decided to ...

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• 2 August

  Pelosi expected to visit Taiwan, ramping up US-China tensions

  

  Bloomberg US House Speaker Nancy Pelosi is expected to visit Taiwan on Tuesday, defying Chinese authorities who have warned of consequences if the trip takes place, the Liberty Times reported, citing people familiar with her plans. It would be a landmark move by a US official and raise the risk of a military confrontation given China views Taiwan as its ...

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• 2 August

  New Zealand’s Ardern urges China to condemn Russia’s Ukraine war

  

  Bloomberg New Zealand Prime Minister Jacinda Ardern urged China to condemn Russia’s invasion of Ukraine, saying Beijing has benefited from international rules and has a duty to uphold them. “As history shows us repeatedly, when large countries disregard sovereignty and territorial integrity with a sense of impunity, it does not bode well particularly for small countries like New Zealand,” Ardern ...

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• 2 August

  Kosovo puts off action on restive Serbs as tensions escalate

  

  Bloomberg Kosovo agreed to postpone a plan to make government-issued identification cards and car plates mandatory for all residents after members of its restive Serb minority blockaded roads in protest. Kosovo, which declared independence from Serbia in 2008, delayed the planned rule until September 1 rather than imposing it on Monday as originally planned. Nato’s peace-keeping mission in the former ...

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• 2 August

  Junta chief: Myanmar will prioritise stability before holding elections

    Bloomberg Myanmar will prioritize restoring stability before holding elections, junta chief Min Aung Hlaing said a day after the military government extended the country’s state of emergency for another six months until February 1, 2023. The regime will prioritize improving the country’s public security system and restoring law and order to hold free and fair elections, Min Aung Hlaing ...

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• 2 August

  HSBC vows to restore dividends after unexpected jump in profit

  

  Bloomberg HSBC Holdings Plc shares rise after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Helped by rising interest rates and a jump in income from currency trading, adjusted pretax profits rise 13% to $5.97 billion in the second ...

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• 2 August

  Yen heads for longest rally in over six months

  

  Bloomberg The yen’s summer revival entered a fourth day, putting it on track for the longest rally since February, as one of the biggest macro trades of the year continues to unwind. The Japanese currency climbed as much as 1% to just below 132 per dollar. Hedge funds are selling down dollar positions and increasingly buying the yen as a ...

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• 2 August

  UK pays lenders $429mn to cover virus loan losses

  

    Bloomberg The UK has paid lenders £352 million ($429 million) to cover losses so far on virus loans to small businesses, a number that’s likely to grow further with £1.6 billion of further claims lodged by the lenders at the end of March. Metro Bank Plc, which lent a total of £1.4 billion under the Bounce Back Loan Scheme, ...

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• 2 August

  Quilter shares up after potential NatWest bid

    Bloomberg Quilter shares surged the most on record after a report that Natwest Group Plc is considering a bid for the wealth manager. A takeover would be NatWest’s biggest deal since its bailout during financial crisis more than a decade ago. Once one of world’s largest banks, it transformed into a largely domestic retail lender and is still part-owned ...

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