September, 2021

• 12 September

  Nigeria’s central bank probes lenders over currency deals

  

  Bloomberg Nigeria’s central bank says it’s investigating the foreign-exchange transactions of lenders operating in the country. Following “recent occurrences in the market,” the central bank of Nigeria “would like to remind banks to desist from all and any forms of FX malpractices,” the regulator said in a statement. Any lenders “found culpable with ongoing investigations” could have their foreign-exchange operating ...

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• 12 September

  Citi’s Adi Jayaraman to lead Evercore’s fintech banking

  Bloomberg Evercore Inc has hired Adi Jayaraman from Citigroup Inc for its financial technology investment banking business. Jayaraman will be a senior managing director leading fintech based in New York. Evercore has boosted its technology investment banking business in the past few years. The boutique investment bank was named exclusive financial adviser to Nuance Communication Inc on its pending sale ...

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• 12 September

  Bank of Canada plans to raise interest rates

  

  Bloomberg The Bank of Canada released guidance for the first time on how it plans to eventually reduce monetary stimulus, saying it will first raise interest rates before curbing its holdings of government bonds. Governor Tiff Macklem provided details on what he called central bank’s “monetary policy for the recovery.” Macklem reiterated the bank intends to bring its bond purchases ...

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• 12 September

  UniCredit seeks better terms on Amundi deal

  Bloomberg UniCredit SpA is seeking to renegotiate a five-year-old deal with Amundi SA to distribute asset management products, in a further sign of Chief Executive Officer Andrea Orcel’s drive to reshape Italy’s second-largest lender. Orcel aims to improve the terms of an accord stemming from the purchase by the French asset manager of UniCredit’s Pioneer Global Asset Management unit that’s ...

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• 12 September

  Sri Lanka central bank chief quits amid reserves crisis

  

  Bloomberg Central Bank of Sri Lanka Governor Weligamage Don Lakshman will step down on September 14 as the nation faces a deepening forex crisis that threatens its ability to import goods and service debt. His announcement comes as the South Asian island nation faces dwindling reserves and revenues, looming debt repayments and struggles with an extended lockdown to stem record ...

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• 12 September

  Foreign traders set to buy most stocks since Abenomics heyday

  

  Bloomberg Foreign investors are set to buy the most Japanese stocks since the heyday of Abenomics after Prime Minister Yoshihide Suga’s shock resignation put Japan back in the headlines. Fund managers and strategists from JPMorgan Securities Japan Co, Baillie Gifford & Co and BNP Paribas Asset Management are among a string of investors who say they’re becoming more positive on ...

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• 12 September

  China tech stocks stumble in rush back towards bull market

  

  Bloomberg China’s embattled technology shares looked like the worst was behind them as they rallied towards a bull market this week — until Beijing took aim at gaming companies again. After a six-month rout that wiped out almost half the market value of stocks on the Hang Seng Tech Index, the gauge had rebounded 17% from its August low by ...

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• 12 September

  IGCF 2021 to address vital questions on future of youth

  

  Sharjah / WAM The International Government Communication Forum (IGCF) 2021 is organising exciting brainstorming sessions and youth interactions to initiate conversations to mobilise the youth alongside the key stakeholders such as the media, and social media influencers, thereby integrating their voices and contributions as future leaders into the nation’s developmental journey. The forum will be held on the sidelines of ...

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• 12 September

  Biden team weighs probe in bid to press Beijing on trade

  

  Bloomberg The Biden administration is weighing a new investigation into Chinese subsidies and their damage to the US economy as a way to pressure Beijing on trade, people familiar with the matter said. Top Biden economic advisers, including US Trade Representative (USTR) Katherine Tai and Commerce Secretary Gina Raimondo, are meeting to discuss the potential probe, the people said. They ...

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• 12 September

  Etisalat, Emirates Steel, Taqa first joiners of National ICV Program

  Emirates Business The Ministry of Industry and Advanced Technology (MoIAT) signed three separate MoU with Etisalat, Emirates Steel and Taqa, the Abu Dhabi National Energy Company, as the first three large national companies joining, to mark their commitment to the National In-Country Value (ICV) Program. The move is part of UAE’s wider National Strategy for Industry and Advanced Technology, which ...

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