September, 2021

• 22 September

  Trudeau wins third term but falls short of majority

  

  Bloomberg Prime Minister Justin Trudeau won a third term in Canada’s snap election though fell short of regaining the majority he was seeking, forcing him to rely on smaller parties in another fragmented parliament. Trudeau’s Liberal Party was elected or leading in 158 of the 338 seats in the House of Commons, with 99% of the polls reporting. That’s one ...

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• 22 September

  Biden reacted with horror to video of border patrol agents

  

  Bloomberg President Joe Biden believed scenes of border patrol agents on horseback intimidating Haitian migrants were “horrific and horrible” and is fully committed to a Department of Homeland Security investigation into the matter, the White House said on Tuesday. “I don’t know anyone who could watch that video and not have that emotion,” White House press secretary Jen Psaki said ...

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• 22 September

  UK’s Johnson hints his prized US trade deal is unlikely before 2024

  

  Bloomberg Prime Minister Boris Johnson indicated he doesn’t expect to secure the free-trade agreement he seeks with the US before the next UK general election due in 2024. A trade deal with the US was billed as one of the prizes of Brexit, so Johnson is under pressure to prove the biggest upheaval in British foreign policy in fifty years ...

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• 21 September

  Bank Indonesia holds rates as economy flashes recovery signs

  

  Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been at that level since ...

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• 21 September

  ECB likely to buy Greek debt even after crisis

  

  Bloomberg The European Central Bank (ECB) is likely to continue purchasing junk-rated Greek sovereign debt even after the pandemic crisis has passed, according to Governing Council member and Greek central bank chief Yannis Stournaras. “This is not a question of Greece’s ability to service debt, but a question of even transmission of monetary policy,” Stournaras told Politico in an interview. ...

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• 21 September

  SNB worries about threats posed by world’s lowest interest rate

  

  Bloomberg Swiss National Bank (SNB) policy makers watching the effects of negative interest rates on the economy are worrying about the real-estate bubble that their policy is helping to foster. Aware that any shift in their sub-zero stance could unsettle currency markets, officials are likely instead to highlight the availability of regulatory tools to cool the property market at their ...

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• 21 September

  JPMorgan joins UK consumer market with new digital bank

  Bloomberg JPMorgan Chase & Co opened its digital retail bank in the UK on Tuesday as it expands its consumer business overseas. The bank, called Chase, launched with a fee-free current account and plans to add savings and investment accounts along with loans, according to a statement. Chase will also try to tempt new customers with 1% cashback on debit ...

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• 21 September

  BofA taps three bankers to run financials dealmaking

  

  Bloomberg Bank of America Corp (BofA) has promoted three bankers to be heads of global financial institutions investment banking, according to a memo reviewed by Bloomberg News. Will Addas, Gary Howe and and Giorgio Cocini will take on the new roles. “These three leaders will share responsibility for driving business strategy globally, seizing opportunities for continued growth and leading a ...

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• 21 September

  Riksbank’s rate plans draw focus as prices spike

  Bloomberg Sweden’s central bank will this week reveal if a buoyant economic recovery and inflation that is heading towards the fastest since 2008 are reason enough to bring forward plans for tightening monetary policy. Economists don’t expect the Riksbank to change its interest rate on Tuesday, while investors are focusing on whether officials reckon the benchmark, now at zero, should ...

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• 21 September

  Most valuable Indian bank plots path to double retail loans

  

  Bloomberg HDFC Bank Ltd, India’s most valuable lender, plans to double the amount of loans it makes to retail borrowers over the next couple years as consumer demand ramps up from a pandemic-induced slowdown. Uncertainty is declining and demand is improving as businesses seek to bolster growth after Covid-19, Arvind Kapil, the bank’s country head for retail assets, said. It’s ...

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