Tag: Bloomberg

Brazil’s assets sink on fears aid programme will hurt fiscal rule (Martha Beck, Rachel Gamarski, Vinícius Andrade, Bloomberg, Al Jazeera)

Brazilian assets tumbled on Tuesday, leading losses across the globe, on reports the government will breach the country’s spending cap rule to finance a...

Erdogan seeks Biden meeting to discuss US warplane request (Selcan Hacaoglu, Bloomberg, Al Jazeera)

Turkish President Recep Tayyip Erdogan wants to use an upcoming global summit to lobby U.S. President Joe Biden to allow Ankara to buy dozens...

Saudi Arabia’s biggest IPO since Aramco surges in debut (Reema Alothman, Bloomberg, Al Jazeera)

ACWA Power International surged on its debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco. The stock...

As coal stocks shrink, India faces growing energy shortage crisis ( Saket Sundria and Rajesh Kumar Singh and Debjit Chakraborty, Bloomberg, Al Jazeera)

India is grappling with an escalating crisis as stockpiles of coal, the fuel used to generate about 70% of the nation’s electricity, dwindle to...

UK plans fossil fuel-free power grid by 2035 using nuclear energy (Jessica Shankleman and Rachel Morison, Boomberg, Al Jazeera)

The U.K. will reserve a key role for nuclear power in the nation’s electricity system as a backup for renewables in a plan to...

The UAE set to invest up to $14bn in post-Brexit UK (Sylvia Westall, Bloomberg, Al Jazeera)

UK Prime Minister Boris Johnson welcomes Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan in Downing Street, London, United Kingdom The United...

Pakistan – Pakistani startup sees the country’s largest funding round (Al Jazeera, Bloomberg)

Faseeh Mangi and Chris Kay Airlift Technologies Pvt. has scored the largest single private funding round in Pakistan’s history ahead of plans to enter overseas...

Turkey – Central bank resists Erdogan’s calls for rate cut (Al Jazeera, Bloomberg)

Thursday's rate decision could set central bank Governor Sahap Kavcioglu on a possible collision course with Erdogan, who holds the unorthodox view that higher...

China/Global Investors – Investors in China’s $100bn private education business are stuck (Bloomberg, Al Jazeera)

Lulu Yilun Chen writes: Global investors from Tiger Global Management to Temasek Holdings Pte are reeling after China imposed the harshest curbs yet on its...

OPEC/USA – As OPEC+ talks stall, US shale producers hedge their bets (Sheela Tobben, Kevin Crowley and David Wethe, Bloomberg, Al Jazeera)

As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began...

OPEC/USA – Biden administration ‘encouraged’ by ongoing OPEC talks (Jordan Fabian and Josh Wingrove, Bloomberg, Al Jazeera)

Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes...

Ghana – Ghana plans to issue Africa’s first social bonds with $2B sale (Ekow Dontoh, Bloomberg, Al Jazeera)

Ghana is planning to issue green and social bonds of up to $2 billion by November, which would make it the first African country to sell...

Kuwait – Kuwait’s life-after-oil fund rises to record $700B (Fiona MacDonald, Bloomberg, Al Jazeera)

Kuwait is making strides in an effort to invest its way out of dependency on oil money. The Future Generations Fund, a national savings pot...

Bitcoin soars 15% after Tesla says will accept it as payment (Bloomberg, Al Jazeera)

Lynn Thomasson and Eric Lam https://www.aljazeera.com/economy/2021/2/8/bitcoin-soars-15-after-tesla-says-will-accept-it-as-payment

(India) Indian firm bets on local manufacturing, stock soars 824 percent (Bloomberg, Al Jazeera)

Saritha Rai https://www.aljazeera.com/economy/2021/2/8/bbindian-firm-bets-on-local-manufacturing-stock-soars-824-percen

(USA) Janet Yellen confirmed as US Treasury secretary (Saleha Mohsin and Christopher Condon, Bloomberg, Al Jazeera)

Yellen, among the first of Biden’s picks to be confirmed, is the first woman to hold the job of overseeing the economy. https://www.aljazeera.com/economy/2021/1/26/bb-janet-yellen-confirmed-as-treasury-secretary