July, 2021

• 29 July

  Peru swears in new president with cabinet still a mystery

  

  Bloomberg Pedro Castillo, a former teacher from one of Peru’s most impoverished regions, takes office as the nation’s president with promises to redistribute wealth and rewrite the constitution that are likely to put him on a collision course with the political and business establishment. Castillo’s inauguration takes place in Lima on Wednesday morning, and was to be followed by the ...

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• 29 July

  Abramovich denies buying Chelsea for Putin

  

  Bloomberg Claims that Roman Abramovich, Chelsea Football Club Ltd’s billionaire owner, was directed to buy the team by Russian President Vladimir Putin to infiltrate the British political elite are “profoundly defamatory,” his lawyers said. Abramovich sued Catherine Belton, the author of “Putin’s People: How The KGB Took Back Russia And Then Took On The West,” which was published by Harper ...

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• 29 July

  ‘No quarantine’ for US, EU travellers: UK

  Bloomberg American and European Union travellers who have been fully vaccinated against coronavirus will no longer need to spend 10 days in quarantine after they arrive in England. Under plans backed by British ministers on Wednesday, international leisure cruises will also resume after being put on hold for more than a year. The reforms to travel rules will allow visitors ...

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• 29 July

  Deutsche Bank doubles down on traders as cost target scrapped

  

  Bloomberg Deutsche Bank’s traders kept Chief Executive Officer Christian Sewing’s overhaul alive when negative interest rates eroded income from lending. Now the CEO is counting on them to carry him to the finish line. With Germany’s largest lender approaching the final stretch of his four-year plan, Sewing on Wednesday raised the revenue outlook on the back of another strong quarter ...

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• 29 July

  Singapore central bank head takes on political issues

  

  Bloomberg In the last few weeks, the managing director of the Monetary Authority of Singapore has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In a series of recent lectures as a visiting scholar at a local university’s think tank, ...

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• 28 July

  Credit Suisse ‘inquiry’ rips scrutiny

  

  Bloomberg Credit Suisse Group AG failed to properly monitor tens of billions of dollars of exposure that piled up while handling trades for Archegos Capital Management that generated relatively little revenue, according to people briefed on the findings of the bank’s internal inquiry. The report into how the bank lost about $5.5 billion tied to the collapse of Bill Hwang’s ...

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• 28 July

  Santander Brasil’s CEO Rial to step down from role

  

  Bloomberg Santander Brasil Chief Executive Officer Sergio Rial will step down from the role after almost six years at the helm of the bank. The change, announced in a filing, will happen at the end of the year. Rial, who’ll become chairman and will remain a member of the bank’s board in Spain, will be replaced by Mario Roberto Opice ...

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• 28 July

  Barclays gets boost from dealmaking in second quarter

  

  Bloomberg Barclays Plc’s investment bankers brought in a record haul as the booming deals market extended through the second quarter, offsetting more muted results in trading and helping the group to deliver improved profit and fresh shareholder payouts. Income from capital markets and merger advisory at the London-based lender rose by almost a fifth to 873 million pounds ($1.2 billion), ...

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• 28 July

  US futures, European stocks rise amid positive earnings

  

  Bloomberg US futures rose with European stocks as positive earnings boosted sentiment, while Asian equities were weaker amid Chinese market turbulence. Treasuries fell ahead of the Federal Reserve’s rate decision. Contracts on the Nasdaq 100 Index and the S&P 500 rose, with Alphabet Inc and Microsoft Corp gaining in premarket after their sales topped estimates. Apple Inc dropped 0.9% on ...

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• 28 July

  Bitcoin eyes longest winning streak in 2021

  

  Bloomberg A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 6.1% to top $40,000 and was trading at about $39,700 as of 8:15 am in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg ...

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