May, 2022

• 14 May

  Sri Lanka central bank chief threatens to quit

    Bloomberg Sri Lanka’s central bank chief imposed more capital controls and threatened to resign if politicians fail to return stability to the nation, which is in the grip of its worst economic crisis since independence. “I took on this responsibility with expectations that political stability will be established,” Governor Nandalal Weerasinghe said in Colombo. Weerasinghe’s briefing comes amid an …

  Read More »
• 14 May

  Brazil’s Nubank starts Bitcoin, Ether trading

  

    Bloomberg Nu Holdings Ltd, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway Inc, partnered with blockchain startup Paxos Trust Co to allow its customers to trade cryptocurrencies. Nubank’s more than 50 million customers will initially be able to trade Bitcoin and Ethereum, according to Paxos Chief Executive Michael Coscetta. Paxos has seen demand increase for digital assets …

  Read More »
• 14 May

  Standard Bank gets first Black woman governor

  Bloomberg Standard Bank Group Ltd has named a female Black person to chair Africa’s biggest lender by assets for the first time. Nonkululeko Nyembezi has been appointed as chairman-designate effective June 1, according to a statement. She replaces Thulani Gcabashe, who will retire after the annual general meeting on May 31. “It is hugely significant to us that the Standard …

  Read More »
• 14 May

  US futures, stocks advance as rate-hike worries ease

  

    Bloomberg US futures and stocks rise on Friday after Federal Reserve Chair Jerome Powell pushed back against speculation of steeper interest-rate hikes. Risk sentiment was boosted by a rebound in cryptocurrencies. Contracts on the S&P 500 gained 1% and those on the Nasdaq 100 climbed 1.6%. Twitter Inc shares plunged as much as 26% in New York premarket trading …

  Read More »
• 14 May

  Indonesia stock index avoids correction despite tech selloff

  

    Bloomberg Indonesia’s stock benchmark avoided a correction after an intraday tumble of more than 10% from its high in April, dragged by technology shares. The Jakarta Composite Index of shares closed little changed on Friday, capping this week’s losses at 8.7%. That’s the worst week since March 2020, when the country shut its international borders to curb the pandemic. …

  Read More »
• 13 May

  Europe gas surges as Germany clashes with Russia over supply

  

    Bloomberg European natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply. The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about 30% following interruptions at a cross-border entry point as …

  Read More »
• 13 May

  Shell plans 10-fold jump in EV chargers in Britain

  

  Bloomberg Shell Plc targets a 10-fold jump in electric-vehicle charging points in the UK as part of plans to ramp up investments into cleaner energy. The company will install 100,000 chargers in the country by 2030, according to a statement. It’s the latest move by an oil and gas major to refocus its traditional business as investors, governments and consumers …

  Read More »
• 13 May

  Chinese utilities race to restock coal ahead of demand rebound

    Bloomberg China’s industrialised southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the heavy rains sweeping the region. The economic powerhouse of Guangdong has asked its utilities to add another 5% to inventories this month, according to local media, while neighbouring Guizhou has set aside more money for coal …

  Read More »
• 13 May

  Gol, Avianca to join forces in race for cheaper air travel

  

  Bloomberg Colombia’s Avianca Group International Ltd and Brazil’s Gol Linhas Aereas Inteligentes SA will unite under a common ownership structure, creating what they say will be one of the largest airline groups in Latin America. The airlines’ principal shareholders agreed to form Abra Group Ltd, a closely held company incorporated in the UK, the carriers said. While the airlines will …

  Read More »
• 13 May

  EU eases mask guidance for flights as rules eased

  

  Bloomberg The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with Covid-19 concerns easing. Wearing face masks at airports and inflight should be aligned with national measures, the European Union Aviation Safety Agency said in a protocol. If either the departure or destination states require …

  Read More »