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  Bloomberg China’s new regulation to increase scrutiny of companies’ foreign debt will become effective Feb. 10 in the market’s biggest overhaul since 2015. The effort will encompass debt instruments with tenors of over one year that are sold by Chinese firms or their controlled offshore entities, according to a Tuesday announcement on the National Development and Reform Commission’s website. ...

  Bloomberg Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter. The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till February 10 to negotiate broader ...

  Bloomberg Tokyo’s inflation outpaced forecasts to hit 4% for the first time since 1982, suggesting the underlying price trend is stronger than expected by economists, a factor that could further fuel speculation the Bank of Japan will adjust policy again. Consumer prices excluding fresh food climbed 4% in the capital in December as food and energy costs continued to ...

Bloomberg A day after Brazil’s capital was stormed by his predecessor’s supporters, President Luiz Inácio Lula da Silva worked from his office, where he met with the country’s governors as well as the heads of congress and the Supreme Court. “We are not going to allow democracy to slip out of our hands,” Lula said at the meeting. “They want ...

Bloomberg The European Union and Nato further solidified their relationship Tuesday when European Commission President Ursula von der Leyen, European Council President Charles Michel and Nato Secretary General Jens Stoltenberg signed a new joint declaration of cooperation. A top Biden administration official said a deal struck by the new Republican House majority to cap 2024 spending would not imperil aid ...

Abu Dhabi / WAM Gross banks’ assets, including bankers’ acceptances, rose by 0.9%, from AED3.583 trillion at the end of September 2022 to AED3.615 trillion at the end of October 2022, according to the central bank of the UAE (CBUAE). In its report on the monetary and banking developments in October 2022, the bank said that gross credit grew by ...

  Dubai / WAM Emirates Global Aluminium (EGA) on Monday announced that the company recruited more than 220 UAE nationals in 2022, including 100 women. The average age of EGA’s new UAE national recruits was 23 years old. While EGA recruits mid-career experts, the company focuses on attracting and developing young people who are starting their careers as talent for ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, starts 2023 by announcing the return of its Abu Dhabi Sustainable Finance Forum (ADSFF) on January 19 as part of Abu Dhabi Sustainability Week (ADSW). This fifth edition of ADSFF will gather top global investors, government leaders, regulators and financial institutions to ...

  Dubai / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best-ever year for new member company registrations, attracting 3,049 new businesses to Dubai in 2022. An increase of 23% year-on-year, breaks the previous record set in 2021 when DMCC registered 2,485 new ...

Bloomberg Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields. “Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only rarely have we seen ...