January, 2022

• 8 January

  Toronto’s real estate market witnesses record year in 2021

  

    Bloomberg Toronto, a city of more than 6.5 million people, has just 3,200 homes left for sale to start the year after a real-estate frenzy fuelled by low interest rates drove the market to record levels. More than 121,000 homes were sold in Canada’s biggest city in 2021, up 28% from the previous year and smashing the previous high …

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• 7 January

  Record SoftBank bond sale to test faith of retail investors

  

    Bloomberg SoftBank Group Corp plans to issue its biggest-ever yen bond in a test of whether individual investors will continue to lap up notes of one of the world’s most indebted firms. Billionaire Masayoshi Son’s technology conglomerate is marketing 550 billion yen ($4.8 billion) of seven-year subordinated notes, with the proceeds used to repay debt. The company has more …

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• 7 January

  US futures rise before jobs data; dollar falls

  

    Bloomberg US equity-index futures rise and the dollar fell as risk-taking returned to markets at the end of a turbulent week, with investors weighing US employment gains against the Federal Reserve’s policy-tightening plans. March contracts on the technology-heavy Nasdaq 100 Index advanced 0.2%, after falling as much as 0.6%. S&P 500 futures also climbed 0.2%. Europe’s Stoxx 600 index …

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• 7 January

  Chinese hedge fund responds to investor ire after 34% loss

    Bloomberg Chinese asset manager Loyal Valley Capital Co. responded to pushback from clients who lost a third of their money on a product last year, as the $11 billion manager became the latest target of investor ire. One of the firm’s hedge funds allegedly deviated from its theme of tech- and consumer-stocks, while repeated requests for dialogue with fund …

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• 7 January

  Uranium jumps as unrest hits world’s top supplier Kazakhstan

  

    Bloomberg Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. The Central Asian nation, a part of the former Soviet Union that produces more than 40% of the world’s uranium, has disrupted communications networks and restricted some travel …

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• 6 January

  Allegiant Airlines punished for adding Boeing to fleet

  

    Bloomberg Allegiant Airlines tumbled the most in 18 months after the carrier reversed its strategy of keeping costs in check by flying only Airbus SE planes, ordering 50 Boeing Co. 737 Max jets. Under the deal, which has a total value approaching $2.5 billion, the airline will buy two versions of the Max to be delivered from 2023 through …

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• 6 January

  Malaysia’s Senheng targets doubling market share

  

    Bloomberg Malaysia’s biggest electronics retailer Senheng New Retail Bhd., which is set for a debut this month on the local exchange, is aiming to double its market share by 2025 as it expands its brick-and-mortar and virtual stores. In an interview before the January 25 listing, Chairman Lim Kim Heng said that his target is to capture 30% of …

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• 6 January

  Cathay slashes cargo capacity, hitting key earnings crutch

  

    Bloomberg Cathay Pacific Airways Ltd. will operate only about 20% of its pre-pandemic cargo capacity this month, a sharp reduction in what has been a rare bright spot during the most challenging period in the carrier’s history. While the Hong Kong-based airline will resume some long-haul cargo services from Friday after a weeklong suspension, the January schedule is way …

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• 6 January

  Nike says Lululemon’s Mirror infringes digital patents

  

    Bloomberg Nike Inc sued Lululemon Athletica Inc claiming its Mirror Home Gym and mobile app infringes its patents for digital home exercise equipment. The Nike suit is the latest in the thriving home fitness industry, where companies are turning to the courts to protect their own products from competition while expanding into new lines of business. Lululemon, once solely …

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• 6 January

  UK scraps pre-departure Covid test

    Bloomberg The UK will no longer require vaccinated travellers to take a Covid-19 test before boarding a flight to the country, after airlines hard-hit by the Omicron variant lobbied for the rules to be eased. A lateral-flow test must still be taken within two days of entering England, but the requirement for a more-costly PCR assessment will be eliminated, …

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