February, 2022

• 17 February

  US probes recordings of Morgan Stanley’s Passi

  

    Bloomberg US authorities conducting a criminal probe into how Morgan Stanley executives handle block trades are examining recordings of phone calls between the bank and outside fund managers, according to people with knowledge of the inquiry. The recordings involve conversations between Pawan Passi, one of Morgan Stanley’s top equities executives in block trades, and investing clients, the people said, ...

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• 17 February

  Uruguay lifts key interest rate to 7.25%

    Bloomberg Uruguay’s central bank lifted its benchmark interest rate for a fifth consecutive meeting amid surging consumer prices and above-target inflation expectations. Policy makers boosted the key rate to 7.25% from 6.5%, their second consecutive increase of 75 basis points. “The international outlook can be characterised as most inflationary in past decades,” central bankers wrote in a statement. They ...

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• 17 February

  Citi moves equities staff out of Hong Kong amid Covid woes

  

    Bloomberg Citigroup Inc is moving half a dozen senior equities staff from Hong Kong to Singapore and other markets, in one of the biggest signs yet the Chinese territory’s steadfast zero-Covid approach is prompting global banks to shift key staff out of the Asian financial hub. Lee McQueen, head of pan Asia equity blocks, is among managing directors relocating ...

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• 17 February

  China technology stocks outlook improves year after $1.5trn rout

  

    Bloomberg A yearlong slide in Chinese technology stocks that wiped out $1.5 trillion in market value may finally be ending as investors look beyond regulatory hurdles to focus on valuations. Just 12 months ago, a rally that pushed Hong Kong’s Hang Seng Tech Index to the highest level since a July 2020 inception started to unravel as traders raced ...

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• 17 February

  Stocks mixed, havens climb on Ukraine risk

  

    Bloomberg Stocks were mixed on Thursday as traders weighed geopolitical developments and a flurry of corporate earnings. The Stoxx 600 Index was little changed, while US equity futures fall. Havens such as the yen and gold pushed higher. US 10-year Treasury yields retreated to about 2%. Crude oil declined. Russian-backed separatists claimed Ukrainian forces violated cease-fire rules overnight, according ...

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• 17 February

  UAE calls for ending appeasement of Houthi terrorist group in Yemen

  

    NEW YORK / WAM The United Arab Emirates has called for an end to the appeasement of the Houthi terrorist group in Yemen during a United Nations Security Council briefing on the situation in the country. The council was briefed by Hans Grundberg, UN Special Envoy for Yemen; Martin Griffiths, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator; ...

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• 17 February

  Oil climbs as investors track crisis in Ukraine, inventories

  

    Bloomberg Oil recovered from its biggest one-day loss this year as investors attempted to assess whether the Ukraine crisis was easing after Russia said it had pulled some troops back from the border. West Texas Intermediate rose near $93 a barrel. President Joe Biden said the US hasn’t verified the claim that Russia is pulling back some troops and ...

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• 17 February

  Tawazun to unveil new projects at Umex 2022

  

    ABU DHABI / WAM Tawazun Economic Council (Tawazun) is set to highlight new initiatives that focus on enabling the defence and security industry and facilitating ecosystem growth, at the Unmanned Systems Exhibition (Umex) and Simulation and Training Exhibition (Simtex) 2022. Opening on February 20, the exhibition, and accompanying conference, is held under the patronage of His Highness Sheikh Mohamed ...

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• 17 February

  ADX inks deal with Borsa Istanbul to enhance technology infrastructure

  

    Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has signed an agreement with Borsa Istanbul wherein the latter will provide consultancy services and implementation support to Abu Dhabi Securities Exchange in the information technologies. The signing of the agreement came during the visit of the President Recep Tayyip ErdoÄŸan of Turkey, to the UAE on February 14. The ...

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• 17 February

  DMCC launches unique growth programme

    Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday announced that it has partnered with C3 (Companies Creating Change), to launch the Impact Scale-Up Programme. C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey, while the DMCC is the UAE’s ...

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