February, 2022

• 21 February

  London house market bounces back as workers return to office

  

    Bloomberg London property is back in vogue as a return to the office fuels demand for homes in the UK capital. That’s according to Rightmove Plc, which said in a report on Monday that buyer enquiries and asking prices both rose sharply this month. The jump represents a turnaround for the London property market, which underperformed other parts of …

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• 21 February

  Traders explore FX havens as rising rates dent case for bonds

  

    Bloomberg The prospect of Federal Reserve policy tightening and signs of thinner bond market liquidity are denting the case for Treasuries as a reliable haven just as amped up geopolitical tensions around Ukraine have investors on alert for potential refuge assets. That’s spurring some to look more closely at currency markets in particular for alternative ways to protect themselves …

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• 21 February

  US futures surge on Biden-Putin summit

  

    Bloomberg US equity futures rise and Asian stocks pared losses on Monday as traders evaluated the possibility of a summit on Ukraine between President Joe Biden and his Russian counterpart Vladimir Putin. Nasdaq 100, S&P 500 and European contracts erased falls to climb about 1%, while an Asia-Pacific equity index came off its lows but stayed in the red. …

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• 21 February

  India gets $20b in investment proposals for chip production

  

    Bloomberg India has received proposals worth $20.5 billion from five companies to manufacture semiconductor fabs and display fabs locally, according to a government statement. Companies including Vedanta in joint venture with Foxconn, Singapore-based IGSS Ventures pte, and ISMC have proposed $13.6 billion investments for manufacturing the chips, which are used in a wide array of products ranging from 5G …

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• 21 February

  Controversial $5b Ethiopia dam begins producing power

  

  Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, …

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• 21 February

  Coal India says output may suffer without a price hike

  

    Bloomberg State-run miner Coal India Ltd warned production of the fuel may be hampered, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices. The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the …

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• 21 February

  CR Power picks banks for renewable unit’s Hong Kong listing

  

    Bloomberg The renewable energy arm of China Resources Power Holdings Co has picked banks including ABC International Holdings Ltd and China International Capital Corp for an initial public offering in Hong Kong, according to people familiar with the matter. The power generation company’s unit is also working with HSBC Holdings Plc and Morgan Stanley on a proposed first-time share …

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• 21 February

  Top oil refiner sees India’s green hydrogen push halving costs

  

    Bloomberg Indian Oil Corp Ltd, the country’s biggest oil refiner and a large user of hydrogen, expects prices of the cleanest form of the fuel to halve after the government scrapped fees on wheeling renewable power across the country. The offer to waive transmission charges on green energy from one state to the other can reduce costs by as …

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• 21 February

  American Air cuts more int’l flights on Dreamliner delays

  

    Bloomberg American Airlines Group Inc is making additional cuts to its international flight plans this summer because of ongoing delays in deliveries of Boeing Co 787 Dreamliners, a setback for the carrier just as global travel is expected to begin recovering from a pandemic slump. The airline will delay until November from June the start of a flight between …

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• 21 February

  Supply-chain troubles hit Rice Krispies in US

  

    Bloomberg Rice Krispies are the latest victim of US supply-chain troubles. Shoppers around the country have taken to social media to probe the absence of the Kellogg Co cereal brand from their grocery-store shelves. The company confirmed the problems, citing a temporary shortage due to manufacturing constraints. “We do not have an estimated date on when it will be …

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