October, 2021

• 31 October

  Santander sees strongest demand for UK mortgages

  Bloomberg Banco Santander SA is seeing the strongest demand for UK mortgages in “many, many years,” helping to underpin growth at the Spanish lending behemoth as it positions for higher interest rates globally, Chief Financial Officer Jose Garcia Cantera said. Lending for mortgages to British individuals climbed 4.4% from a year earlier to 174 billion pounds ($240 billion), Santander said ...

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• 31 October

  BNP plans $1bn buyback as equities, domestic unit beat

  

  Bloomberg BNP Paribas SA will start a 900 million-euro ($1 billion) stock buyback after posting a 79% jump in equities trading and adding twice as much revenue as expected at its domestic markets unit. Strength in the two businesses helped offset a slump in fixed income trading that was twice as steep as the average decline at the biggest Wall ...

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• 31 October

  Ex-Wells Fargo adviser charged with client fraud

  Bloomberg A former Wells Fargo & Co. investment adviser stole nearly $3 million from clients and used the money for personal expenses and to buy gold coins, federal prosecutors said. Kenneth A. Welsh, 41, was arrested at his home in River Edge, New Jersey on charges that he misappropriated funds from the accounts of five investors between 2016 and 2021, ...

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• 31 October

  UBS joins Wall Street rivals with third-quarter profit surge

  

  Bloomberg UBS Group AG posted a surprise jump in profit as wealth management fees soared the most in almost three years and the firm followed Wall Street rivals in seizing on the deal boom. The Zurich-based bank topped expectations on most key metrics, including investment banking pre-tax profit that was almost double what analysts had predicted. At the key wealth ...

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• 31 October

  A year after China’s crackdown, battered tech stocks still struggle

  

  Bloomberg A year after Beijing kicked off a policy clampdown that roiled stock markets from Shanghai to New York, the most beaten-down targets — China’s technology firms — are still facing a rocky outlook. The Hang Seng Tech Index, which tracks the nation’s biggest technology companies, has failed to break out of the tight trading range it has been in ...

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• 31 October

  Nvidia, Tencent in race for next spot in trillion-dollar club

  

  Bloomberg Tesla Inc’s ascent into the most exclusive of corporate clubs — the $1 trillion capitalisation set — has investors guessing on which company will be the next to join. The technology industry represents five of the six current members and may well be the spawning ground for the next. But there is competition. The commodity supercycle, the global push ...

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• 31 October

  Oil surges 11% in October as stockpiles erode away

  

  Bloomberg Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rise 0.9%. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude consumption will remain strong as refiners ...

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• 31 October

  Lebanese business councils in GCC condemn minister’s statements

  ABU DHABI / WAM The presidents and chief executives of the Lebanese Business Councils (LBCs) in the Gulf Cooperation Council (GCC) have strongly condemned the statements made by the Lebanese Information Minister against the Saudi-led Coalition to Support the legitimacy in Yemen. In a joint statement issued on Saturday, they affirmed their rejection of turning Lebanon into a platform for ...

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• 31 October

  Tourist flow, trades reflect strong ties with UAE: Swiss president

  ABU DHABI / WAM About 240,000 annual two-way tourist traffic between Switzerland and the UAE, the presence of the region’s largest Swiss expatriate community in the Emirates, and robust bilateral business and investment ties make the UAE “an important partner for Switzerland in the Middle East,” the Swiss President told Emirates News Agency (WAM). “With almost 3000 people, the UAE ...

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• 31 October

  Big Data highly impact statistical work: SCAD

  

  ABU DHABI / WAM The Statistical Training Institute (STI) of the Statistics Centre – Abu Dhabi (SCAD) held a virtual seminar titled ‘The Data Revolution and Big Data in Official Statistics’, as part of the Abu Dhabi Data Dialogue series, organised by the STI. Representatives from Abu Dhabi government entities and statistical centres at the state level participated in the ...

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