The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate…
Former Credit Suisse Chief Executive Ulrich Koerner, the bank’s last boss before its takeover by UBS , is leaving the group at the end of June, as part of a broader reshuffle of the group executive board. https://www.wsj.com/articles/credit-suisses-last-ceo-ulrich-koerner-to-leave-ubs-5d2f79ae
Israel probably won’t be able to defeat Hamas before the end of the year, its national security adviser said, underscoring the difficulty the country faces in achieving its stated aim of crushing the Islamist group in Gaza. Niamh McBurney, Control Risks Associate Director discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg…
South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years. from Bloomberg Markets https://ift.tt/Ajv1qQp
PRESS RELEASE. The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails. This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s…
Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Saudi Aramco as soon as Sunday that could raise more than $10 billion, according to people familiar with the matter. Bloomberg News’ Stephen Stapczynski discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/foDyKM6
Asia’s largest commercial real estate investment trust said Hong Kong authorities should resume issuing multi-entry permits for Shenzhen visitors to boost retail spending. from Bloomberg Markets https://ift.tt/qLsZQEM
Toyota Motor Corp.’s sales and production growth went into reverse in April, after a temporary suspension of Prius deliveries and a lull in Japan and China negated double-digit growth in Europe and North America. from Bloomberg Markets https://ift.tt/hNo5JyW
Last year, the two managers of a contrarian value fund outperformed 95% of peers by loading up on out-of-fashion UK stocks. In 2024, they’re strengthening this bet while steering mostly clear of US equities. from Bloomberg Markets https://ift.tt/p8yPJml
David Lubin, Citi Advisor & Senior Research Fellow at Chatham House, says China will need substantial fiscal loosening to get out of deflation, but authorities are reluctant to deliver it. He speaks with David Ingles and Yvonne Man on “Bloomberg: The China Show” from the sidelines of the Citi Macro Pan-Asia Investor Conference. (Source: Bloomberg)…