September, 2021

• 15 September

  China hires its own advisers on Evergrande amid rehaul

  

  Bloomberg China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer. Regulators in Evergrande’s home province of Guangdong dispatched a team last month from King & Wood Mallesons, a law firm whose specialties include restructuring, two people familiar with ...

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• 15 September

  Taiwan’s Gogoro in merger talks with Poema SPAC

  

  Bloomberg Gogoro, a Taiwanese startup that specialises in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp, a blank-check firm, according to people with knowledge of the matter. The deal is set to value the combined company at $1 billion or more, the people said, asking not to be identified as the information ...

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• 15 September

  India, S’pore link payment systems to boost $1b flows

  Bloomberg India and Singapore will link their fast-payment systems to step up cross-border payments and remittance flows, which amount to more than $1 billion each year currently. India’s Unified Payments Interface will be joined with Singapore’s PayNow by July 2022 to enable users to make instant, low-cost fund transfers while staying on their own systems, the Reserve Bank of India ...

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• 15 September

  Singapore plans local stocks boost with Temasek fund

  

  Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter. State investment giant Temasek Holdings Pte’s 65 Equity Partners Holdings Pte, with a fund size of at least S$1 billion ($745 million), will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign ...

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• 15 September

  Malaysia to ease more virus curbs

  Bloomberg Malaysia’s PM Ismail Sabri Yaakob will announce the easing of more virus curbs in the economic and social sectors soon amid concern over the lockdowns’ effect on mental health. The committee managing the pandemic has agreed to provide several “low-risk” concessions for the population, said Defence Minister Hishammuddin Hussein in a press conference on Tuesday. It is also looking ...

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• 15 September

  South Korea fines Google for abusing smartphone dominance

  

  Bloomberg South Korea fined Alphabet Inc’s Google $177 million for hampering the development of rivals to its Android operating system, sustaining a campaign targeting the US search giant’s dominance in smartphone software. Regulators accuse Google, whose mobile operating system powers more than 80% of smartphones around the world, of using its immense bargaining power to squeeze out the competition. The ...

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• 15 September

  Joe Biden’s nuclear envoy tells N Korea door is open for talks

  

  Bloomberg President Joe Biden’s envoy for North Korea said the door remains open for talks, after Pyongyang claimed it tested new long-range cruise missiles that bolster its nuclear strike capabilities against Japan and South Korea. “We hope the DPRK will respond positively to our multiple offers to meet without preconditions,” Sung Kim, the State Department’s special representative for North Korea, ...

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• 15 September

  Biden to host Indo-Pacific leaders for White House summit next week

  

  Bloomberg President Joe Biden will host the leaders of Australia, India and Japan at the White House next week, the White House said, for discussions that will include countering China’s expanding influence in the Asia-Pacific region. The meetings will be the first in-person summit for a group known as the “Quad,” as Biden seeks to make the region a top ...

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• 15 September

  Putin meets Assad, tells other forces to leave Syria

  

  Bloomberg Russian President Vladimir Putin hosted his Syrian counterpart Bashar Al Assad in the Kremlin, backing the Syrian leader’s efforts to eliminate the last enclaves of rebels backed by the US and Turkey. Under Western sanctions, Assad has maintained strong ties with Russia, which sent planes and troops to back his government in 2015. The intervention helped turn the tide ...

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• 15 September

  Putin self-isolates due to Covid-19 cases among staff

  

  Bloomberg Russian President Vladimir Putin will go into self-isolation after being exposed to several people in his entourage infected with Covid-19, Kremlin spokesman Dmitry Peskov said on Tuesday. The 68-year-old leader is “absolutely healthy” and has tested negative for Covid-19, Peskov told a regular conference call. Putin will avoid in-person meetings for “some time,” he said. Plans to fly to ...

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