December, 2021

• 27 December

  CK Asset exits aircraft leasing business

  

    Bloomberg CK Asset Holdings Ltd said it’s exiting the aircraft-leasing sector due to a “paradigm shift” caused by the coronavirus pandemic, selling two indirect wholly-owned subsidiaries to Maverick Aviation Partnership LP for $4.28 billion. The company is selling Accipiter Finance for about $2.44 billion and Manchester Aviation Finance for $1.84 billion, according to a filing to the Hong Kong ...

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• 27 December

  Po family buys iconic Philippine brands

    Bloomberg Century Pacific Food Inc and Shakey’s Pizza Asia Ventures Inc, owned by the Po family in the Philippines, are buying two household names in transactions that perked up the local deals scene a week before yearend. Century Pacific, a tuna canner that has been building its portfolio, will acquire assets and intellectual property related to the manufacturing of ...

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• 27 December

  Budget retailer Miniso weighing HK listing

    Bloomberg Miniso Group Holding Ltd, a Chinese budget household and consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year, people with knowledge of the matter said. The firm is working with Bank of America Corp. and UBS Group AG on the proposed share sale, the people said, ...

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• 27 December

  Japan won’t send government delegation to Beijing Olympics

  

    Bloomberg Japan won’t send any government representatives to the Beijing Winter Olympics, effectively throwing its support behind the US-led diplomatic boycott of the games that start in February. Chief Cabinet Secretary Hirokazu Matsuno announced that Japan would dispatch three top members of the teams that helped organize this year’s Tokyo Olympics and Paralympics. He added the government had reached ...

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• 27 December

  Trudeau says China ‘playing’ Western states against each other

  

    Bloomberg Canadian Prime Minister Justin Trudeau said China has been “playing” Western states against each other and that democracies should present a “united front” in response. “There’s been a bit of competition amongst friends because we’re capitalist democracies trying to do well, especially given the extraordinary economic opportunity of the rise in the Chinese middle class,” Trudeau said in ...

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• 27 December

  UK’s Labour leads Conservatives 40%-32% in poll

    Bloomberg Britain’s Labour Party has an eight-point lead over Prime Minister Boris Johnson’s Conservatives, according to a poll commissioned by the Sunday Times. The survey of almost 25,000 people, with a breakdown of each constituency, found Labour with enough support to win a general election with 338 seats to the Conservatives’ 237, enough for a 26-seat Labour majority, the ...

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• 27 December

  German, Russian officials to meet to discuss Ukraine

    Bloomberg German Chancellor Olaf Scholz’s foreign policy adviser Jens Ploetner and Russia’s Ukraine negotiator Dmitry Kozak agreed to meet next month to try to reduce tensions over Ukraine, Reuters reported, citing an unidentified German government source. Germany wants to quickly revive the “Normandy format,” referring to multilateral talks involving Ukraine, Russia, France and Germany, the person told Reuters. The ...

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• 27 December

  US consumer prices rise 5.7% in November, fastest in 39 years

  

    Bloomberg US consumers took a breather in November a month after an early holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after adjusting for higher prices, were little changed following a solid 0.7% gain in ...

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• 27 December

  Canada plans to join Mexico in complaint on US car-origin rules

  

    Bloomberg Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the US over how to interpret rules governing the origin of vehicle parts. The two countries expect to request in the first days of January the creation of a tribunal of experts to rule on the matter as allowed under the ...

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• 27 December

  Sunak unveils $1.3 billion for firms hit by Omicron fallout

  

    Bloomberg Rishi Sunak announced a billion pounds ($1.3 billion) of support for UK hospitality businesses struggling with slumping demand triggered by a record wave of Covid-19 infections, as he declined to rule out further curbs to tackle the fast-spreading omicron variant. Restaurants and other eligible hospitality and leisure businesses will be able to claim cash grants worth up to ...

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