June, 2022

• 6 June

  Jan 6 hearings aim to catch US’ attention with ‘TV debut’

  

    Bloomberg The televised hearings that begin into the deadly attack on the US Capitol will need to produce show-stopping moments to grab a divided, distracted America that has largely moved on. It’s a tall order. At their best, congressional hearings capture the public’s imagination, reveal scoundrels, lead to landmark reforms, and even make stars of questioners and witnesses. But ...

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• 6 June

  Ant unveils Singapore digital bank in Southeast Asian push

  

  Bloomberg Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market amid regulatory headwinds. Anext Bank will provide digital financial services to micro, small and medium-sized enterprises, particularly those with cross-border operations, it said in a statement on Monday. The fintech giant is entering an arena ...

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• 6 June

  Deutsche Bank, DWS raided over allegations in greenwashing probe

  

    Bloomberg Deutsche Bank AG and its asset management unit had their Frankfurt offices raided by police, adding to the legal headaches facing Germany’s largest lender. Law enforcement officials entered the twin towers where Germany’s largest lender is headquartered, as well as the nearby premises of DWS Group, according to a statement from the prosecutor that confirmed an earlier Bloomberg ...

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• 6 June

  China stocks advance as easing Covid curbs boost recovery bets

  

    Bloomberg Chinese stocks advanced on Monday as a loosening of Covid-19 restrictions in Bejing increased bets that economic activity will pick up. The CSI 300 Index jumped 1.9%, the most in more than two weeks, as traders returned after the long weekend. Shares related to electric vehicles led the advance after BYD Co. posted strong May sales. The smaller, ...

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• 6 June

  Morgan Stanley sees earnings risks weighing on stocks

  

    Bloomberg Weakening corporate profit forecasts may provide the latest headwind to US stocks, which are likely to fall further before bottoming during the second-quarter earnings season, according to Morgan Stanley strategists. “In the absence of an obvious shock like a recession, companies are slow to guide down,” strategists led by Michael Wilson wrote in a note on Monday. “This ...

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• 6 June

  Bitcoin gains, rises beyond $30,000 level

    Bloomberg Bitcoin advanced, rising beyond the $30,000 level after languishing at the weekend. The largest cryptocurrency gained as much as 5.1% on Monday to $31,442. Other cryptocurrencies also rose, with Ether advancing up to 5.2% and Polygon adding as much as 8.6%. “Bitcoin has stabilized over the past few weeks on improved short-term momentum,” Katie Stockton, co-founder of Fairlead ...

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• 6 June

  UAE leaders wish King of Sweden on National Day

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Carl XVI Gustaf of Sweden on his country’s National Day, which is celebrated on June 6. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also dispatched similar ...

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• 6 June

  Saudi PIF takes 23.97% stake in Jordanian bank

  

    Bloomberg Saudi Arabia’s sovereign wealth fund will take a $185 million stake in Capital Bank of Jordan as part of deal to help the lender expand. The Public Investment Fund (PIF) signed a subscription agreement that would involve it buying 63 million newly issued shares to give it a 23.97% stake in the Jordanian bank, according to a statement. The ...

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• 6 June

  EDB to showcase its unique role in UAE’s financial sector

  

    Dubai / WAM Emirates Development Bank (EDB), the financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced its participation in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry. EDB is a Gold Sponsor of the event, which is taking place on 7th-8th June in Madinat Jumeirah, ...

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• 6 June

  Governments given golden opportunity to create jobs

  

    DUBAI / WAM Governments around the world have a “golden opportunity” to create new jobs in the aftermath of Covid-19, which has driven profound changes in businesses, working patterns and accelerated the emergence and development of new economic sectors. That is according to a new report published by the World Government Summit Organisation (WGS) in partnership with PwC Middle ...

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