September, 2021

• 12 September

  Citi’s Adi Jayaraman to lead Evercore’s fintech banking

  Bloomberg Evercore Inc has hired Adi Jayaraman from Citigroup Inc for its financial technology investment banking business. Jayaraman will be a senior managing director leading fintech based in New York. Evercore has boosted its technology investment banking business in the past few years. The boutique investment bank was named exclusive financial adviser to Nuance Communication Inc on its pending sale …

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• 12 September

  Bank of Canada plans to raise interest rates

  

  Bloomberg The Bank of Canada released guidance for the first time on how it plans to eventually reduce monetary stimulus, saying it will first raise interest rates before curbing its holdings of government bonds. Governor Tiff Macklem provided details on what he called central bank’s “monetary policy for the recovery.” Macklem reiterated the bank intends to bring its bond purchases …

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• 12 September

  UniCredit seeks better terms on Amundi deal

  Bloomberg UniCredit SpA is seeking to renegotiate a five-year-old deal with Amundi SA to distribute asset management products, in a further sign of Chief Executive Officer Andrea Orcel’s drive to reshape Italy’s second-largest lender. Orcel aims to improve the terms of an accord stemming from the purchase by the French asset manager of UniCredit’s Pioneer Global Asset Management unit that’s …

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• 12 September

  Sri Lanka central bank chief quits amid reserves crisis

  

  Bloomberg Central Bank of Sri Lanka Governor Weligamage Don Lakshman will step down on September 14 as the nation faces a deepening forex crisis that threatens its ability to import goods and service debt. His announcement comes as the South Asian island nation faces dwindling reserves and revenues, looming debt repayments and struggles with an extended lockdown to stem record …

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• 12 September

  Foreign traders set to buy most stocks since Abenomics heyday

  

  Bloomberg Foreign investors are set to buy the most Japanese stocks since the heyday of Abenomics after Prime Minister Yoshihide Suga’s shock resignation put Japan back in the headlines. Fund managers and strategists from JPMorgan Securities Japan Co, Baillie Gifford & Co and BNP Paribas Asset Management are among a string of investors who say they’re becoming more positive on …

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• 12 September

  China tech stocks stumble in rush back towards bull market

  

  Bloomberg China’s embattled technology shares looked like the worst was behind them as they rallied towards a bull market this week — until Beijing took aim at gaming companies again. After a six-month rout that wiped out almost half the market value of stocks on the Hang Seng Tech Index, the gauge had rebounded 17% from its August low by …

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• 12 September

  Biden team weighs probe in bid to press Beijing on trade

  

  Bloomberg The Biden administration is weighing a new investigation into Chinese subsidies and their damage to the US economy as a way to pressure Beijing on trade, people familiar with the matter said. Top Biden economic advisers, including US Trade Representative (USTR) Katherine Tai and Commerce Secretary Gina Raimondo, are meeting to discuss the potential probe, the people said. They …

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• 12 September

  IMF to start policy review of Ukraine within weeks

  

  Bloomberg The International Monetary Fund’s (IMF) mission may start its review of Ukrainian government policies as soon as September 21 as the country seeks to unlock a $5 billion loan frozen since last year. The mission will probably work virtually because of the pandemic, Vladyslav Rashkovan, Ukraine’s representative at the Washington-based lender, told reporters at the YES conference in Kyiv. Ukraine …

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• 12 September

  Airbus sales push gains pace as Wizz Air mulls fresh order

  

  Bloomberg Airbus SE is getting a potential boost from Hungarian discount carrier Wizz Air Holdings Plc’s ambitious plan to catapult itself out of the pandemic ahead of rivals. The Budapest-based airline is weighing a purchase of at least 100 Airbus narrow-body jets, according to people familiar with the discussions. Such a deal would top up one of the largest-ever aircraft …

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• 12 September

  IndiGo aiming for full capacity flights by Dec

  

  Bloomberg IndiGo, one of Asia’s biggest budget airlines, is aiming at running at full capacity domestically and is targeting just over two-thirds in international routes as the virus pandemic eases and people start traveling more. “Things are improving slowly,” CEO Ronojoy Dutta told Bloomberg Television’s Rishaad Salamat and Haslinda Amin, adding that it was “hard not to be bullish as …

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