March, 2022

• 27 March

  Thai PM slips to second position in survey as voters split ahead of vote

  

    Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha slipped to the second position in an opinion poll as the number of undecided voters shrunk amid speculation of an early general election. Prayuth, the coup leader-turned-premier, got 12.7% votes in a March 10-15 survey by the National Institute of Development Administration, known as Nida. That’s down from 16.9% in December and his ...

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• 27 March

  Kuroda insists inflation will trigger policy change, not yen

  

    Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said stable inflation was needed to trigger policy change at the central bank not yen weakness, in remarks that appeared aimed at cooling speculation of possible stimulus tweaks driven by the sliding currency and signs of heating prices. Speaking in parliament after the yen breached the 122 mark against the dollar ...

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• 27 March

  JPMorgan agrees to racial-equity audit for $30 billion effort

  

  Bloomberg JPMorgan Chase & Co. said it will do a third-party audit of its $30 billion racial-equity commitment, following Citigroup Inc and BlackRock Inc in agreeing to such a review. The biggest US bank will hire a third party to perform the audit and publish a report on the results by the end of this year, according to a statement. ...

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• 27 March

  Hawkish Bank of Canada speech puts half-point rate hike in play

  

    Bloomberg Canada’s 10-year yield rises to the highest since 2018 as a top Bank of Canada official said household finances are in good shape and that monetary policymakers are prepared to “act forcefully” to quell inflation. Deputy Governor Sharon Kozicki reiterated the central bank’s “unwavering commitment” to wrestle inflation back to the 2% target and said more aggressive action ...

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• 27 March

  Credit Suisse pressured over absolving execs on Greensill

    Bloomberg Credit Suisse Group AG shareholders are pushing to exclude a vote at its annual general meeting that would let the directors and the executives off the hook for legal responsibility over the Greensill Capital scandal, the Financial Times has reported, citing people with knowledge of the discussions. Investors have expressed concerns to new chairman Axel Lehmann about the ...

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• 27 March

  UBS allows some US staff to work remotely full-time

  

    Bloomberg UBS Group AG will allow some of its US employees to work remotely full-time, offering flexibility to staff as it seeks to lure and retain talent. The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit, Tom Naratil, president of UBS ...

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• 27 March

  Barclays plans to pump more money into renewables

  

    Bloomberg Barclays Plc plans to step up its financing of renewable energy as Russia’s war on Ukraine adds to the urgency of moving away from fossil fuels. “The appalling invasion of Ukraine has made it even more imperative to accelerate the energy transition,” Barclays Chairman Nigel Higgins said. Barclays expects that recent events will boost “demand for investment in ...

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• 27 March

  Sabadell pulls out of Trafigura credit facility

    Bloomberg Banco de Sabadell SA is pulling out of a credit facility for Trafigura Group, highlighting the growing nervousness about the commodity trading sector as soaring prices create a liquidity squeeze. While the Spanish bank is just one out of more than 100 institutions that fund Trafigura and is not a major lender to the trading house, its move ...

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• 27 March

  An exclamation point for the end of an era

  

    Bloomberg It’s rare to have someone who owns a whole car club tells us he’s jealous of the vehicle people are driving. Otto Car Club’s Eli Kogan has access to Paganis, Lamborghinis, Ferraris, and McLarens galore. But seeing people behind the wheel of a 2022 Porsche 718 Cayman GT4 RS made him green with envy, he told people. The ...

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• 27 March

  Google testing catching heart, eye issues from smartphone sensors

  

    OAKLAND / WAM Google announced its latest plans for using smartphones to monitor health, saying it would test whether capturing heart sounds and eyeball images could help people identify issues from home, Reuters reported. The company, a unit of Alphabet Inc, is investigating whether the smartphone’s built-in microphone can detect heartbeats and murmurs when placed over the chest, head ...

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