October, 2021

• 31 October

  Philippines’ richest man set to see his supermarket IPO sizzle

  Bloomberg AllDay Marts Inc, a supermarket chain founded by the richest person in the Philippines, is poised to jump in its trading debut thanks to heavy retail investor interest. AllDay’s offer was about four times oversubscribed, with the company and billionaire Manuel Villar raising a combined 4.52 billion pesos ($89 million) by selling 7.52 billion shares at 60 centavos each. ...

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• 31 October

  Aldi warns of holiday grocery delays in US

  Bloomberg Aldi warned that the impact of global supply-chain bottlenecks will soon hit the shelves of its US grocery stores. “When you shop our aisles in the coming weeks and months, you may notice certain items arriving later than intended or after our advertised on-sale dates,” the German discounter said. Aldi’s warning underscores the intermittent shortages and delays that are ...

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• 31 October

  Johnson set for collision with Macron during climate talks

  

  Bloomberg Prime Minister Boris Johnson and his French counterpart Emmanuel Macron are heading for a full frontal collision in the next 48 hours that threatens to disrupt the United Nations’ climate summit. Macron’s government is on Tuesday set to introduce additional controls on goods moving across its border with the UK and block British fishing boats from unloading their catches ...

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• 31 October

  Brazil’s Bolsonaro tells Merkel at G-20: ‘I’m not as bad as people say’

  

  Bloomberg Brazil’s controversial president and climate skeptic, Jair Bolsonaro, cut a lonely figure at the Group of 20 summit. That is until Angela Merkel sidled up to him at dinner in Rome. The two had an unusually frank chat that morphed into a friendly and meaningful conversation between two leaders with different world views, according to two G-20 officials who ...

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• 31 October

  Japan’s coalition poised to keep power

  

  Bloomberg Japanese Prime Minister Fumio Kishida’s ruling party may be on track for its worst election result in 12 years, but is expected to stay in power with help from its junior coalition partner, according to exit polling by broadcaster NHK from Sunday’s election. The LDP alone is set to win 212-253 seats in the 465-seat body after the vote, ...

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• 31 October

  Georgian ruling party wins local vote

  

  Bloomberg Georgia’s ruling party all but swept the board in second-round local elections that have been marred by violence and claims by the opposition that the vote was unfair. Only in one municipality did the ruling Georgian Dream party fail to beat the United National Movement, the Central Election Commission said on Sunday. In the battle for mayor of the ...

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• 31 October

  China rushes nearly $156bn into banks in just two weeks

  

  Bloomberg China is pushing almost a trillion yuan ($156 billion) of funds into the banking system in just two weeks, reinforcing a signal that it will use short-term liquidity to sustain growth rather than ease monetary policy. In a pattern seen also in September, the People’s Bank of China (PBOC) has been injecting huge amounts of cash through open-market operations ...

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• 31 October

  Deutsche to boost hiring as war for talent rages

  

  Bloomberg Deutsche Bank AG Chief Financial Officer James von Moltke said the investment bank is pressing ahead with hiring in areas including mergers and acquisitions and rates in the US to grow its business. The firm has also been selectively hiring for government bond trading in Europe as well as in technology and healthcare dealmaking, Von Moltke said on a ...

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• 31 October

  RBI chief Das gets new 3-year term as India charts recovery

  

  Bloomberg India reappointed central bank Governor Shaktikanta Das for another three-year term, keeping the career bureaucrat at the helm to help guide the economy’s recovery from the ravages of Covid-19. The decision, announced in a statement from the cabinet and effective when his current term ends December 10, ensures continuity in monetary policy settings and signals to investors that any ...

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• 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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