June, 2022

• 6 June

  Carro buys stake in Indonesia’s MPM Rent

    Bloomberg Carro, one of Southeast Asia’s biggest online marketplaces for used cars, has agreed to buy a 50% stake in Indonesian automotive financing and rental company MPM Rent for S$75 million ($54.5 million) to expand in the world’s fourth most populous country. The deal will lead to a strategic partnership between Carro and PT Mitra Pinasthika Mustika Tbk, which ...

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• 6 June

  Good monsoon outlook in India tempers ‘export curb’ fears

  

    Bloomberg Ample rice reserves in India, the world’s biggest exporter of the food staple, and expectations for bountiful monsoon rains should allay concerns about the possibility of any “drastic” measures to curb exports, according to National Commodities Management Services Ltd. Global markets are fretting that rice may be next on the agenda after India restricted wheat and sugar exports. ...

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• 6 June

  Rajapaksa vows to finish term, not to stand for re-election

  

    Bloomberg President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite monthslong street protests calling for his ouster, but won’t stand for re-election as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis. “I can’t go as a failed president,” Rajapaksa said in a wide-ranging interview at his ...

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• 6 June

  Johnson faces UK Tory leadership vote as party anger boils over

  

  Bloomberg Boris Johnson will face a leadership vote in his ruling Conservative Party, after a series of missteps and scandals became too much for scores of Tory Members of Parliament. Senior Conservative MP Graham Brady said the threshold of at least 54 MPs — 15% of the Conservative total — has been met to trigger a confidence vote in Johnson, ...

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• 6 June

  Ukraine cautious as Turkey, Russia push Black Sea grain deal

  

  Bloomberg Turkey and Russia have reached a tentative deal to restart shipments of Ukraine’s agricultural products from a key Black Sea port, but Kyiv remains skeptical of the proposed pact, according to people familiar with the discussions. Turkish President Recep Tayyip Erdogan’s government has offered military help to clear mines off the coast of Odesa and escort grain ships but ...

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• 6 June

  Estonia PM Kallas needs new allies to keep power

  

  Bloomberg Estonian Prime Minister Kaja Kallas, known for her fierce criticism of Vladimir Putin and his war in Ukraine, is fighting to stay in power after she dismantled her ruling coalition, saying it lacked unity to face the dangers of Russia. Kallas’s best chance lies with clinching a deal with the smallest opposition party in parliament — the conservative Pro ...

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• 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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