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Bloomberg Turkish President Recep Tayyip Erdogan warned Greece not to “go too far” amid heightened tension over territorial disputes between the two Nato allies. “Greece’s occupation of Aegean Sea islands is not our concern,” Erdogan said in a speech Saturday in Samsun province on the Black Sea coast. “When the time comes, we will do what is necessary. As we ...

Bloomberg Chileans are heading to the polls for a referendum on a new constitution that prioritizes social rights and the environment, potentially steering a global investor favorite further away from its pro-market ethos. Voters will approve or reject the proposed charter written by a left-leaning Constitutional Convention, thus either replacing or keeping the basic laws enacted during the 1973-1990 dictatorship. ...

Bloomberg After unleashing a wave of repression to crush opposition to his war in Ukraine, President Vladimir Putin is moving to shape attitudes among young Russians with a program of patriotic education in schools. Teachers nationwide are being ordered by the Education Ministry to deliver a special lecture on Sept. 12 titled “Our Country – Russia” that quotes Putin’s justification ...

  Bloomberg Australia’s central bank risks raising interest rates too far too fast in its efforts to contain inflation, opening up the possibility of tipping the economy into recession, senior economists warned. Unlike many international counterparts, Australians feel the impact of rate hikes quickly because about 60% of home loans are at variable rates, said Diana Mousina, a senior economist ...

  Bloomberg Singapore’s dollar is emerging as the top bet for Wall Street’s biggest banks as wagers the central bank will extend policy tightening bolsters demand for Southeast Asia’s top-performing currency. Goldman Sachs Group Inc favours the Singapore dollar the most among Asian currencies, along with Thailand’s baht. Citigroup Inc. recommends buying the currency on dips, while RBC Capital Markets ...

  Bloomberg Credit Suisse Group AG faces a capital gap of at least 4 billion Swiss francs ($4.1 billion) to improve its financial strength, fund its restructuring and support growth, according to Deutsche Bank AG. The size of any equity raise would be determined by the Swiss bank’s ability to quickly sell its securitised-products trading business, Deutsche Bank analysts wrote ...

  Bloomberg UBS Group AG is letting go of half a dozen mainland China-focused employees in Hong Kong as turmoil in the world’s second-largest economy hammers deal-making, prompting global banks to rein in their presence in the once lucrative market. The Swiss bank has trimmed bankers in businesses including debt capital markets, investment banking and real estate. Investment banking revenue ...

  Bloomberg The Bank of Uganda raised interest rates for a third straight meeting and signalled its willingness to boost rates further if inflation isn’t reined in. Policy makers facing the most significant cost pressures in six years lifted the benchmark rate to 9% from 8.5%. That takes the increase in borrowing costs to 250 basis points since June. “The ...

  Bloomberg Standard Chartered Plc’s joint venture with an arm of Singapore’s biggest trade union group started digital banking services in the city-state, adding to rivalry in the space where tech giants are also seeking to make their mark. Trust Bank, in which the UK firm holds 60%, is offering savings accounts, credit cards and insurance products, targeting workers and ...

Bloomberg Citigroup Inc joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market. Fewer than 100 positions were eliminated, according to a person familiar with the matter, who asked not to be named discussing internal information. “Citi has made a small number of staffing reductions within our mortgage ...