November, 2021

• 11 November

  Sydney Airport sells for $17b as Australia reopens borders

  Bloomberg Sydney Airport agreed to sell itself to a consortium of funds for $17 billion, just as Australia reopens its borders to international travel. The airport’s board accepted an offer of A$8.75 per share from a group led by IFM Investors, and unanimously recommended shareholders vote to approve the deal early next year, the company said. The agreement is the ...

  Read More »
• 11 November

  Putin brushes off Merkel’s call to stop Belarus on migrants

  

  Bloomberg President Vladimir Putin brushed off a request by Chancellor Angela Merkel to exercise his influence over Belarus as the European Union prepares a fresh raft of sanctions against the regime in Minsk for channeling thousands of migrants to the bloc’s border. With footage of clashes on Poland’s frontier with Belarus and EU leaders accusing the country’s president, Aleksander Lukashenko, ...

  Read More »
• 11 November

  Myanmar charges American journalist with terrorism

  

  Bloomberg An American journalist faces new charges of terrorism and sedition nearly six months after he was detained by the military junta, his lawyer said, dealing a fresh blow to US efforts to free him. Danny Fenster, managing editor of Frontier Myanmar news outlet, could face a maximum sentence of life in prison if he is found in breach of ...

  Read More »
• 11 November

  Trump fails to block January 6 Capitol riot committee from getting records

  

  Bloomberg Former President Donald Trump failed to block the release of documents sought by a US House panel investigating the January 6 Capitol riot. US District Judge Tanya Chutkan in Washington denied Trump’s request for an injunction, saying “public interest lies in permitting — not enjoining — the combined will of the legislative and executive branches to study the events ...

  Read More »
• 11 November

  China banks on green loans to drive decarbonisation efforts

  

  Bloomberg China’s central bank will offer cheap funding to banks which lend to firms that are working towards the nation’s goal of reducing carbon emissions. The People’s Bank of China (PBOC) will lend financial institutions money to help them provide loans to firms working on China’s energy transition, according to a statement. The central bank will lend 60% of the ...

  Read More »
• 11 November

  Citi raises record $40bn for ESG financing in Asia

  

  Bloomberg Citigroup Inc. raised a record $40 billion for Asia-Pacific clients to finance sustainability projects this year, a six-fold increase from 2020 as the US lender strives to meet its global targets and help firms lower emissions. Issuers in the region are taking advantage of cheaper financing by issuing green bonds, tapping increased demand for these products as environmental, social ...

  Read More »
• 11 November

  Credit Agricole third-quarter profit jumps 44% to $1.62bn

  

  Bloomberg Credit Agricole SA’s third-quarter profit jumped 44%, beating analysts’ estimates as provisions for bad loans declined. Net income at the Paris-based bank increased to 1.4 billion euros ($1.62 billion), according to a statement on Wednesday, exceeding the most optimistic estimate among analysts surveyed by Bloomberg. Provisions dropped 56% to 266 million euros, compared with 460.5 million euros expected in ...

  Read More »
• 11 November

  Singapore examines central bank digital dollar for retail

  

  Bloomberg Singapore’s central bank is starting a project on the technological aspects of building a digital form of its currency to prepare for the days if the city-state decides to have one, its chief said. While acknowledging potential benefits of having its own digital currency for the local public, such arguments are not compelling enough, Managing Director Ravi Menon of ...

  Read More »
• 11 November

  StanChart returns to UK retail banking

  Bloomberg Standard Chartered Plc (StanChart) will have a British retail banking offering for the first time this century after announcing the launch of a new digital platform for UK savers. The London-based — but Asia-focused — bank said it would launch the Shoal platform, which will allow customers to invest exclusively in green and sustainable projects. The initiative, backed by ...

  Read More »
• 11 November

  NAB full-year profit tops estimates on broad rebound

  

  Bloomberg National Australia Bank Ltd.’s (NAB) full-year profit beat forecasts as the lender continued to ride the wave of a stronger-than-expected recovery in the nation’s economy. Cash earnings climbed to A$6.56 billion ($4.87 billion) in the year ended September 30, compared with A$3.71 billion ($2.73 billion) a year earlier, according to a statement. That beat the A$6.45 billion mean estimate ...

  Read More »