BOJ Buys Record Amount of Bonds to Defend Kuroda’s New Target
The Bank of Japan announced an unprecedented third day of unscheduled bond purchases as it fights back against speculation it is about to end its super-accommodative monetary policy.
Bloomberg Business
Bahamas Seized $3.5 Billion FTX Assets on Custody Concerns
Bahamian authorities took control of $3.5 billion worth of digital assets at FTX Digital Markets shortly after it filed for Chapter 11 bankruptcy protection based on information provided by founder Sam Bankman-Fried, according to a statement on Dec. 29.
Shielded by Russia and China, Myanmar Junta Turn More Brutal
When Myanmar carried out the death penalty for the first time in three decades by executing four activists in July, China and Russia stayed silent while the US and its allies condemned the junta. Now the regime is on the verge of doing it again.
Adani Purchase of NDTV Founders’ Stake May Test Acquisition Rules
The sweetener offered by billionaire Gautam Adani’s conglomerate to the once-defiant founders of New Delhi Television Ltd. could test India’s takeover regulations that require all shareholders to be paid the same price by an acquirer.
Taliban Divisions Inflamed by Sweeping Restrictions on Women
The Taliban’s sweeping orders to restrict women’s rights have exacerbated divisions in the militant group to the point where rival factions are surrounding themselves with loyal troops, according to people familiar with the matter.
Suu Kyi Faces 33 Years in Jail After Final Myanmar Verdicts
Myanmar’s deposed leader Aung San Suu Kyi has been sentenced to seven more years in prison after she was found guilty of five charges of corruption during her time in government, according to a person familiar with the matter.
India Exploring Options for Banks Hit by EU Oversight Rule
The Reserve Bank of India is working on alternate arrangements for banks whose local operations will get hit if Europe’s markets regulator withdraws recognition to Indian central counterparties.
Billionaire Says South African Grid Too Weak for Green Energy
South Africa needs to upgrade its coal-fired power plants rather than focus on renewable energy, according to a sanctioned Russian billionaire who made his fortune in part from generating electricity using the fuel.
China Covid Wave Sparks Scramble for Vital Drugs Across Region
A tsunami of coronavirus infections in China is causing shortages of key drugs across the region as relatives and friends living overseas ship painkillers and antivirals from abroad, driving up prices and forcing some stores to cap purchases.
Euro Brings Closure for Croatia Almost 30 Years After War
The former Yugoslav state joins Europe’s single currency and free-travel area on Jan. 1. It’s been quite a journey.
