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Bloomberg Thailand will bar the use of cryptocurrencies as a means of payments for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy. Business operators — including crypto exchanges — must not provide such payment services, and are barred from acting in a manner that promotes the use of digital assets to ...

  Bloomberg BNP Paribas is stopping all new business in Russia, joining European peers in winding down their local operations after the country invaded Ukraine. The Paris-based bank has informed its corporate clients that its local unit will no longer be able to process their transactions from the end of March, the bank said in an emailed statement. BNP Paribas ...

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda doubled down on his commitment to continue with stimulus even if inflation continues to accelerate, in a rebuttal of the need to join a global wave of central banks normalising policy. “We don’t know what April’s inflation rate may be, but there’s a possibility it’ll be around 2%,” Kuroda said, acknowledging ...

Bloomberg Deutsche Bank AG agreed to boost wages for 8,000 staff by 5.2% in two steps in a nod to accelerating inflation in Germany. The deal with unions representing employees at its Postbank retail unit was signed, the lender said in a statement. The bank will first raise wages for the covered staff by 3.1% in June and then by ...

  Bloomberg Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to combat surging inflation. The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt total returns, has fallen 11% from a high in January 2021. That’s the biggest decline from a peak in data ...

  Bloomberg Chinese tech stocks extended a rally into a second day on Wednesday, as share buybacks by Xiaomi Corp. and Alibaba Group Holding Ltd. spurred hopes that other tech firms may follow suit. The Hang Seng Tech Index ended 2.1% higher, with Xiaomi gaining 4.1% and Bilibili Inc’s 10% advance among the outperforming names. The gauge has climbed nearly ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration of five colleges in Jordan, which were built with an ADFD funding of AED80.3 million. The initiative is part of the Jordanian Public Universities Development Programme that includes the implementation of 27 projects in the education sector at a total value of AED466 million to ...

  ABU DHABI / WAM Mubadala Investment Company announced on Tuesday that it has entered into a definitive agreement with Aris Gold Corporation (Aris Gold) for the operation of Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects. Through a joint venture company, Aris Gold will acquire a 20 percent ownership interest in Sociedad Minera ...

  ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to Chinese President Xi Jinping over victims of the plane crash in Guangxi, China. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

DUBAI / WAM The UAE Ministry of Energy and Infrastructure and the Dutch Ministry for Foreign Trade and Development Cooperation have signed a Memorandum of Understanding (MoU) on hydrogen energy. The MoU was signed by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and the Dutch Minister for Foreign Trade and Development Cooperation, Liesje Schreinemacher, at the Netherlands ...