July, 2021

• 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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• 28 July

  China bond bulls unfazed amid growing crackdowns

  Bloomberg While Chinese markets might look bleak at the moment, the biggest government bond selloff of 2021 has some investors salivating at a buying opportunity. Risk aversion swept the country and spread globally this week after China cracked down on private-education firms. Although reassurance from state media on Wednesday helped stem a selloff in stocks, sentiment remains fragile. The same ...

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• 28 July

  Abu Dhabi fund’s role in driving sustainable development lauded

  

  Abu Dhbai / WAM On the occasion of the 50th anniversary of the Abu Dhabi Fund for Development (ADFD), ministers and government officials stated that the UAE has effectively contributed to supporting the implementation of the 2030 Agenda for Sustainable Development in developing countries. In this context, they highlighted the crucial role of the ADFD in establishing the UAE as ...

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