December, 2021

• 11 December

  EU says it’s made progress with UK in post-Brexit fishing row

  

  Bloomberg The UK has issued additional fishing licenses for European Union boats, in a step that may signal some progress towards resolving the post-Brexit dispute in which the two sides are engulfed. “Today’s decision is an important step in a long process seeking full implementation of the Trade and Cooperation Agreement,” the European Commission said in a statement, after the ...

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• 11 December

  Denmark’s Frederiksen to testify in Mink cull probe

  Bloomberg Denmark’s Prime Minister Mette Frederiksen faces one of her biggest tests yet as she is due to testify about last year’s mass culling of the farmed mink in an inquiry that has eroded the public’s trust. Frederiksen, 44, will take the witness stand on Thursday in the parliamentary probe into her controversial decision to cull 17 million mink over ...

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• 11 December

  Asia ESG dollar bonds to hit $100bn in 2022: JPMorgan

  

  Bloomberg JPMorgan Chase & Co. expects Asian companies to raise as much as $100 billion next year through environmental, social and governance (ESG) dollar-denominated bonds, with an increasing number of firms considering notes that can be converted into equity. ESG debt sales by Asian issuers total $74 billion so far in 2021, nearly triple the level in the same period ...

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• 11 December

  HK’s laggard stocks to see brighter 202: UBS

  

  Bloomberg Hong Kong’s underperforming stocks will likely rebound in 2022, with a border reopening with mainland China to benefit gaming and retail shares while rising yields hold banks up, according to UBS Group AG. The city’s benchmark Hang Seng Index may gain as much as 13% next year, analysts led by Angus Chan wrote in a note, targeting a level ...

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• 11 December

  China signals discomfort over renminbi rally with daily fixing

  

  Bloomberg China’s central bank has signalled a limit to its tolerance for the yuan’s recent advance by setting its reference rate at a weaker-than-expected level. The gap between the daily fixing set by the People’s Bank of China (PBOC) and the forecast in a Bloomberg survey of analysts and traders was the largest since mid-October. That was when yuan gains ...

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• 11 December

  Nubank raises $2.6bn in top-of-range US IPO

  

  Bloomberg Nu Holdings Ltd, the Brazilian digital bank whose backers include Warren Buffett’s Berkshire Hathaway Inc, raised $2.6 billion in a US initial public offering priced at the top of a marketed range it had earlier lowered. The company, which does business as Nubank, sold 289 million shares for $9 each after offering them for $8 to $9, according to ...

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• 11 December

  Peru lifts key rate to 2.5%

  Bloomberg Peru raised interest rates for a fifth straight month as the economy grows at the fastest pace in Latin America and inflation exceeds the upper limit of its target range. The central bank lifted its key interest rate by half a percentage point to 2.5%, in line with forecasts by all nine economists from Bloomberg. The move unwound all ...

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• 11 December

  Barclays plots Asia revival with strategic hires after hiatus

  

  Bloomberg Barclays Plc plans to make key hires in investment banking and wealth management across Asia next year as British lender plots its return to some of the world’s fastest growing economies after a 2016 restructuring. The bank — which is benefiting from a boom in deals and trading along with its Wall Street rivals — is seeking to rebuild ...

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• 11 December

  Instagram to suggest people to take a break’ from scrolling

  

  Bloomberg Meta Platforms Inc’s photo-sharing app Instagram is encouraging users to take a break as the company battles accusations that too much time spent on its social networks hurts mental well-being of teenagers. Instagram will let people opt to see pop-up messages when they have spent a lot of time looking at a particular topic, suggesting they explore other subjects. ...

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• 11 December

  Stellantis to rely on partners in $23 billion software push

  

  Bloomberg Stellantis NV will lean on partnerships with Foxconn Technology Group, Waymo and BMW AG to generate about 20 billion euros ($23 billion) in extra revenue from software-driven features in its vehicles by the end of the decade. The maker of Jeep, Chrysler and Fiat brands is extending existing tie-ups with Apple Inc.’s assembly partner Foxconn and Alphabet Inc.’s self-driving ...

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