January, 2022

• 10 January

  Credit Suisse wins court order to get data from SoftBank

  

    Bloomberg Credit Suisse Group AG won a court order permitting it to seek documents from SoftBank Group Corp as part of a lawsuit the Zurich-based bank has said it plans to file in England stemming from the collapse of Greensill Capital. A US Magistrate judge in San Francisco granted Credit Suisse’s request to serve a subpoena on SB Investment …

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• 10 January

  Peru lifts key interest rates to 3%

    Bloomberg Peru raised interest rates for a sixth straight month as inflationary pressure mounts amid the economy’s strong rebound from the pandemic. The central bank increased its policy rate by half a percentage point to 3% in line with the forecasts of five of seven analysts surveyed by Bloomberg. Two economists had expected a bigger increase, to 3.25%. “With …

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• 9 January

  Titans of carmaking are plotting to overthrow Tesla’s Elon Musk

  

    Bloomberg The epic fight over who controls the future of the car industry is about to get a whole lot more interesting. Tesla Inc, the pioneer and pacesetter, has dominated the early rounds of the new-energy age, capturing investors’ imaginations with a vision for what the next generation of vehicles looks like and seizing the nascent market for fully …

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• 9 January

  Apple pays $180,000 bonuses to retain engineering talent

  

    Bloomberg Apple Inc has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms Inc. The company informed some engineers in silicon design, hardware, and select software and operations groups of the out-of-cycle bonuses, which are being issued as restricted …

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• 9 January

  Sony reveals PlayStation VR2 and a new Horizon game

  

    Bloomberg Sony Group Corp announced an exclusive game for its next-generation virtual reality (VR) headset, dubbed PSVR2, charging up the platform’s appeal just as metaverse hype intensifies. The Japanese entertainment and electronics giant introduced a teaser video for the title, from hit in-house franchise Horizon, while unveiling PlayStation VR2 with an upgraded headset and VR2 Sense controllers. Promising increased …

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• 9 January

  Samsung’s profit climbs by 50%

    Bloomberg Samsung Electronics Co’s quarterly profit climbed more than 50% after chip prices stabilised and sales of smartphones surged, reinforcing hopes the memory industry will emerge from its downturn this year. South Korea’s biggest company posted operating income of $11.5 billion for the three months ended December, missing estimates after it distributed special bonuses to employees. But revenue jumped …

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• 8 January

  Oil set for third weekly gain as market tightens on outages

  

    Bloomberg Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the Opec+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in …

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• 8 January

  Taiwan’s 2021 exports soar to $446bn on tech demand

  

    Bloomberg Taiwan exports extended their double-digit growth for a tenth month, with shipments from the island in 2021 smashing all records due to soaring demand for technology products and components. Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance Friday. Exports in 2021 were a record …

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• 8 January

  Shell says trading results in gas stronger, but oil weaker

  

    Bloomberg Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse. It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds …

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• 8 January

  Greece to help people pay higher energy bills

  

    Bloomberg Greece is extending measures designed to help households and businesses pay their power and gas bills in January as the surge in energy prices shows no sign of let up. “The government will support households, farmers and also businesses against the global turmoil in energy prices for another month,” Prime Minister Kyriakos Mitsotakis said on Friday. While the …

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