January, 2022

• 10 January

  It’s possible public servants won’t get raises: Bolsonaro

  

    Bloomberg Brazil President Jair Bolsonaro floated the possibility that public servants won’t receive a raise for the fourth year in a row, dismissing pressure by workers that has led to cargo holdups and work slowdowns. “It could be that there is no adjustment for anyone,” Bolsonaro said in Brasilia. “Anything is possible,” he added, emphasizing that raises aren’t a ...

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• 10 January

  PBOC seen front-loading policy action amid economic threats

  

    Bloomberg China’s central bank has fuelled expectation it will ease monetary policy early this year with its vow to take proactive action to stabilise growth in 2022. A growing number of economists are predicting the People’s Bank of China (PBOC) will cut banks’ required reserves as well as policy interest rates in the first quarter, as fresh pandemic outbreaks ...

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• 10 January

  Argentina’s central bank hikes rate for first time in a year

  

    Bloomberg Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund (IMF) to tighten its monetary policy. The central bank lifted the key Leliq rate to 40% from 38%, the level it had stood for over a year even with annual inflation running at around 50%. ...

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• 10 January

  HSBC’s private bank lures $3.2 billion into alternatives

  

    Bloomberg HSBC Holdings Plc’s private bank raised a record of about $3.2 billion for alternative investments from its clients globally in 2021, a jump of nearly 40% from the previous year, as the wealthy look to escape volatility and diversify their portfolios. Clients in Asia, where HSBC is targeting wealth management as a growth engine, added $1.9 billion for ...

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• 10 January

  BOC set to keep Canadian dollar riding high into 2022

  

    Bloomberg The Canadian dollar is closing out 2021 as the only major developed-market currency to advance against the dollar, and a hawkish central bank in Ottawa should support the loonie further in 2022. Markets expect the Bank of Canada (BOC) to be one of the G-10’s most aggressive monetary authorities in tightening policy next year. Traders are currently pricing ...

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• 10 January

  Credit Suisse wins court order to get data from SoftBank

  

    Bloomberg Credit Suisse Group AG won a court order permitting it to seek documents from SoftBank Group Corp as part of a lawsuit the Zurich-based bank has said it plans to file in England stemming from the collapse of Greensill Capital. A US Magistrate judge in San Francisco granted Credit Suisse’s request to serve a subpoena on SB Investment ...

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• 10 January

  Peru lifts key interest rates to 3%

    Bloomberg Peru raised interest rates for a sixth straight month as inflationary pressure mounts amid the economy’s strong rebound from the pandemic. The central bank increased its policy rate by half a percentage point to 3% in line with the forecasts of five of seven analysts surveyed by Bloomberg. Two economists had expected a bigger increase, to 3.25%. “With ...

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• 9 January

  Titans of carmaking are plotting to overthrow Tesla’s Elon Musk

  

    Bloomberg The epic fight over who controls the future of the car industry is about to get a whole lot more interesting. Tesla Inc, the pioneer and pacesetter, has dominated the early rounds of the new-energy age, capturing investors’ imaginations with a vision for what the next generation of vehicles looks like and seizing the nascent market for fully ...

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• 9 January

  Apple pays $180,000 bonuses to retain engineering talent

  

    Bloomberg Apple Inc has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms Inc. The company informed some engineers in silicon design, hardware, and select software and operations groups of the out-of-cycle bonuses, which are being issued as restricted ...

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• 9 January

  Sony reveals PlayStation VR2 and a new Horizon game

  

    Bloomberg Sony Group Corp announced an exclusive game for its next-generation virtual reality (VR) headset, dubbed PSVR2, charging up the platform’s appeal just as metaverse hype intensifies. The Japanese entertainment and electronics giant introduced a teaser video for the title, from hit in-house franchise Horizon, while unveiling PlayStation VR2 with an upgraded headset and VR2 Sense controllers. Promising increased ...

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