August, 2022

• 13 August

  Russia stalls on UN access to shelled Ukraine nuclear plant

  

    Bloomberg Russia defied growing international pressure to grant United Nations inspectors immediate access to Europe’s largest nuclear plant amid fears of a catastrophe over shelling of the area in Ukraine occupied by Kremlin forces. The UN’s International Atomic Energy Agency has warned of a “real” risk of nuclear disaster at the Zaporizhzhia plant in southeastern Ukraine because of repeated ...

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• 13 August

  Trump calls for release of warrant documents used in home search

  

  Bloomberg Former President Donald Trump said he supported the release of documents related to the FBI’s search of his Mar-a-Lago home earlier this week, including a copy of the search warrant and a receipt of items that agents took from the property. Trump made the announcement late Thursday on his social media site, Truth Social, following a Justice Department request ...

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• 12 August

  Baltic states abandon east European cooperation with China

  

  Bloomberg Latvia and Estonia joined Lithuania in abandoning the so-called 16+1 eastern European framework with China, which once threatened to divide the European Union in its relations with the world’s most populous nation. The format between China and eastern members took shape in 2012 as a platform for Beijing to forge ties with 16 eastern European countries, cooperating on infrastructure ...

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• 12 August

  Union leaders kick off rallies across UK

  

  Bloomberg Britain’s leading trade unionists will hold a rally in London next week in the middle of a string of train strikes designed to bring the country to a standstill. ‘Enough is Enough,’ a union-led group that also includes Labour MP Zarah Sultana, has been set up to protest against the rising cost of living. Wednesday’s event in Clapham, south ...

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• 12 August

  Joko Widodo’s rival eyes third Indonesian presidential run

    Bloomberg Indonesian Defense Minister Prabowo Subianto will run for the presidency in 2024, hoping the third time’s a charm as he tops popularity surveys on the back of his strongman image and support from the majority Muslim population. Prabowo, who leads Indonesia’s third largest party Gerindra, announced his intention in a briefing after a party meeting on Friday. The ...

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• 12 August

  China’s inflation warning raises bar for further easing by PBOC

  

    Bloomberg The People’s Bank of China (PBOC) said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth. The central bank will both support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report. At the same time, it will provide stronger and higher-quality ...

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• 12 August

  India’s HDFC bank executes rare trade to hedge rate risk

  

    Bloomberg India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk. Housing Development Finance Corp, (HDFC) the nation’s biggest rupee-bond issuer this year, used a so-called total return swap to hedge rate risks on a debt issuance which closed ...

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• 12 August

  Credit card spending in US slowing down: BofA

  

    Bloomberg Credit-card spending is slowing down as US consumers feel the impact of rising rents and other increased costs, according to Bank of America Corp (BofA). Spending on credit and debit cards per household increased in July by 5.3% from a year earlier, down from 5.7% in June, Bank of America Institute said in a report. That pace lags ...

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• 12 August

  Thai central bank to get more powers in crypto law overhaul

  

    Bloomberg Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister Arkhom Termpittayapaisith said ...

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• 12 August

  Serbia’s central bank lifts rates to 3-year high

    Bloomberg Serbia lifted its benchmark interest rate to the highest level in more than three years, seeking to strike a balance in taming accelerating inflation without undermining economic growth. The central bank raised its one-week repurchase rate by a quarter percentage point to 3%, in line with expectations of most analysts in a Bloomberg survey. The decision marked the ...

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