November, 2021

• 28 November

  Bolsonaro’s foe in Covid plan to run for Brazil presidency

  

  Bloomberg The governor of Brazil’s richest and most populous state was picked by the Brazilian Social Democracy Party as its candidate for next year’s election challenging President Jair Bolsonaro. Joao Doria, governor of Sao Paulo, was declared the winner of the primaries for the party known as PSDB, according to Bruno Araujo, who heads the group seeking to reemerge as ...

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• 28 November

  Macron leading in first-round of election with 25% of votes: Poll

  

  Bloomberg French President Emmanuel Macron would get 25% or more of the votes in the first round of the election, according to a poll carried out by Ifop-Fiducial for Le Journal du Dimanche newspaper and Sud Radio. Nationalist Marine Le Pen would win 19% to 20% of the first-round vote, depending on who else is running. Far-right commentator Eric Zemmour ...

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• 28 November

  Clashes leave 20 Sudan troops dead at Ethiopian border

  

  Bloomberg At least 20 Sudanese soldiers were killed in clashes with Ethiopian militias near a disputed border, a local official said, deepening a feud that risks turning into all-out conflict between the Horn of Africa’s most populous nations. Sudanese forces crossed the Atbara river in the al-Fashqa area in response to shelling and fell into an ambush, according to Alrasheed ...

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• 28 November

  Taiwan sees biggest flyby of Chinese warplanes since Oct

  Bloomberg China sent the biggest number of warplanes close to Taiwan since October on Sunday after a US lawmaker defied a Chinese demand that she abandon a trip to the island. Twenty-seven Chinese aircraft, including 8 J-16 fighter jets, entered Taiwan’s southwest Air Defense Identification Zone, according to a statement from the Ministry of National Defense. The air force issued ...

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• 28 November

  S’pore’s Lee: Party needs time to pick next PM

  Bloomberg Singapore PM Lee Hsien Loong said the team in the ruling party that will choose the country’s next premier is expected to take a “little longer” to make a decision due to the Covid-19 pandemic. The choice is expected “well before” the next general election, Lee said during a speech at a convention for his People’s Action Party (PAP). ...

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• 28 November

  Morgan Stanley to repay Hong Kong staff up to $5,100 for quarantine

  

  Bloomberg Morgan Stanley is offering to reimburse its Hong Kong employees as much as HK$40,000 ($5,100) to compensate for quarantine costs brought on by the financial hub’s zero-Covid strategy. The one-time reimbursement will be available to all Hong Kong permanent employees when they return from a personal trip to visit immediate family members, including spouses, domestic partners, children, parents and ...

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• 28 November

  Bank M&A in US set to slow from fastest pace since 2007

  

  Bloomberg US banks, which have been combining at levels not seen since before the global financial crisis, are now facing the near-term hurdles of stalled approvals and the mounting opposition from Democrats in Washington. All of that is unlikely to keep the string of deals from ultimately continuing, according to analysts. Regional lenders “may tap the brakes” in their merger-and-acquisition ...

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• 28 November

  Czechs are ready to keep raising rates despite virus

  Bloomberg The Czech central bank expects only a limited economic fallout from the worsening pandemic and remains prepared for more interest-rate increases to curb surging inflation, according to one of its vice governors. The country “has learned to live with Covid” and potential lockdown measures are unlikely to significantly hurt consumption and investments, Marek Mora said in a video posted ...

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• 28 November

  Singapore central bank weighs action over DBS service glitch

  

  Bloomberg Singapore’s central bank said it will consider supervisory actions after DBS Group Holdings Ltd. suffered one of the worst digital disruptions for Southeast Asia’s biggest lender in the past decade. “This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” Marcus Lim, assistant managing ...

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• 28 November

  Sweden’s Riksbank to start hiking interest rates in 2024

  

  Bloomberg The Riksbank expects to start hiking interest rates in 2024, the first sign from the Swedish central bank that it sees an end in sight to its ultra-loose monetary policy. While policy makers kept their benchmark unchanged, they also signalled for the first time that they see a case to move higher within three years. Previously they said the ...

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