April, 2022

• 29 April

  China faces bleak holidays over ‘Covid zero’

    Bloomberg Chinese holidaymakers face another holiday season ruined by virus outbreaks and controls, with the government’s stringent Covid Zero restrictions and fears of infection expected to keep many people at home during the upcoming Labor Day break. Travel was already down in March, when the biggest Covid-19 outbreak in two years prompted officials to lock down major cities like ...

  Read More »
• 29 April

  Alarmed by Russia’s invasion, Europe rethinks its China ties

  

  Bloomberg Russia’s war on Ukraine has triggered a profound reassessment in European capitals of their individual and collective relations with China. Confronted by the need to rapidly unwind a dependence on Russian energy built up over decades, government officials from Rome to Prague are re-evaluating the extent of their economic and political ties to China. Senior lawmakers in Berlin who ...

  Read More »
• 29 April

  Presidents of Ukraine, Russia accept G-20 invite from Indonesia

  

  Bloomberg The presidents of Russia and Ukraine have accepted invitations from Indonesia, the current chair of the Group of 20, for a big ticket summit in November. The decision to invite both leaders shows the delicate balance the Southeast Asian country is trying to make as the G-20 host this year. Russia is a member of the G-20, and the ...

  Read More »
• 29 April

  Sri Lanka leaders signal PM may quit as inflation surges to 30%

  

  Bloomberg Sri Lanka’s President Gotabaya Rajapaksa is willing to drop his brother as prime minister, according to a top leader, as a fresh surge in inflation threatens to renew calls for the family to resign. Rajapaksa has agreed to form an all-party government with a new PM, local media reported citing Maithripala Sirisena, a former president who was part of ...

  Read More »
• 29 April

  Sinn Fein leads in poll ahead of election

  

  Bloomberg Sinn Fein looks set to become the largest party in Northern Ireland’s assembly, potentially marking a historic shift in the region’s political balance, according to a poll ahead of next week’s election. The nationalist party, whose ultimate goal is a united Ireland, drew 26% support in LucidTalk’s final poll for the Belfast Telegraph ahead of the May 5 vote. ...

  Read More »
• 29 April

  House panel plans eight hearings on Capitol riot

  

  Bloomberg The findings of a House select committee’s investigation into the January 6, 2021 insurrection at the Capitol will be presented to the nation in eight separate public hearings spread out over June, the panel’s chairman said. Planning is under way for a mixture of televised hearings in prime-time and others to occur during the daytime, Representative Bennie Thompson, a ...

  Read More »
• 29 April

  UBS becomes third global bank to lose China boss this month

  

    Bloomberg UBS Group AG’s David Chin is stepping down as China country head, the third senior executive at a global lender in the nation to exit this month as bankers are hobbled by a strict Covid Zero strategy and a crackdown on private enterprise. After two years in the role, Chin will be succeeded by Eugene Qian, chairman of ...

  Read More »
• 29 April

  HSBC warns of China headwinds, more real estate loan losses

  

    Bloomberg HSBC Holdings Plc, the largest foreign bank in China, warned of further potential hits from the nation’s battered real estate market as defaults continue to climb amid a worsening Covid-19 outbreak. “It’s a big call to say that we’ve seen the worst,” Ewen Stevenson, HSBC’s chief financial officer, said in an interview with Bloomberg News. “Do I think ...

  Read More »
• 29 April

  Santander delivers earnings beat fired by rates, currencies

  

    Bloomberg Banco Santander SA’s earnings beat estimates, with the retail banking giant’s geographical reach providing a buffer against growing economic risks in Europe from the war in Ukraine. Spain’s biggest lender posted net income of 2.54 billion euros ($2.72 billion) in the first quarter, exceeding the analyst consensus of 2.26 billion euros, as rising lending revenue offset increased costs ...

  Read More »
• 29 April

  Nomura posts $242m net profit in Q1 2022

  

    Bloomberg Nomura Holdings Inc posted a fourth straight quarter of profit as Japan’s largest brokerage booked gains from a stake sale in one of its affiliated companies, offsetting further provisions for a legal case in the US. Net income totalled 31 billion yen ($242 million) in the three months ended March 31, the firm said in a statement. Nomura ...

  Read More »