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Bloomberg HSBC Holdings Plc asked all of its Hong Kong staff to get vaccinated against the Covid virus after city authorities issued a new circular to push for higher inoculation rates. Colleagues who have not received a first dose should either get inoculated by November 30 or submit to a Covid-19 test every 14 days, the London-based bank, which counts ...

Bloomberg China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank. “The economy overall really is still okay and we will see average growth this year at around 8%,” Huang Yiping, a former member of the People’s Bank of China’s monetary policy ...

Bloomberg Bank Indonesia expects a stronger rupiah as investors have priced in the US Federal Reserve’s plan to taper asset purchases. “The rupiah is estimated to remain in a strengthening trend in line with strong economic fundamentals and positive investor perception that support inflows to domestic financial assets,” Hariyadi Ramelan, Bank Indonesia’s executive director for monetary management, told Bloomberg. The ...

Bloomberg IndusInd Bank Ltd, backed by the billionaire Hinduja brothers, denied allegations that its unit was providing new loans to customers to keep their existing debt from souring, a practice known as “evergreening.” The bad loan recognition process is fully automated in accordance with the regulatory norms, the bank said in an exchange filing. It was responding to a media ...

Bloomberg Argentina’s peso rises in the spot market for first time in 12 months after central bank ordered financial institutions to maintain their foreign currency holdings steady through to the end of the month, forcing some to sell dollars. The peso strengthened 0.02% to 99.94 to the dollar, even as central bank bought $210 million, the most greenbacks it has ...

Bloomberg Canada’s six biggest banks could raise their dividends by about 18% on average and still be able to buy back almost 2% of their shares now that regulators are allowing them to unleash capital they’d stockpiled during the pandemic. National Bank of Canada and Bank of Montreal would have the largest percentage increases in their dividends, assuming they return ...

Bloomberg Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in recent years than he did amassing his biggest equity bet on Apple Inc. Berkshire spent nearly $20 billion more repurchasing its own stock since the middle of 2018 than it deployed accumulating its Apple stake through the end of last year. In total, Buffett poured about ...

Bloomberg After this year’s record-setting rally in equities, the list of things that could go wrong in 2022 is getting longer. From slower earnings and economic growth to surging inflation that could prompt central banks to tighten policies too quickly, stock investors face plenty of risks. That’s making some of Wall Street’s top brokers more cautious. Bank of America Corp ...

Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of Dubai Women Establishment, and wife of His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Presidential Affairs, congratulated the wise leadership and HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued a decision to merge Dubai Economy and Dubai Tourism into one entity under the name ‘Dubai’s Department of Economy and Tourism’. His Highness also issued a decision appointing Helal Al Marri as ...