BlueBay, UBS Asset Are Winners on Bets BOJ Would Crack
The Bank of Japan’s policy move has roiled global markets, but a gaggle of funds stand to benefit — including UBS Asset Management, Schroders Plc and BlueBay Asset Management.
Bloomberg Business
Hackers Rigged the JFK Airport Taxi Line — And Scored $10 a Ride, Prosecutors Say
Two Queens men are accused of working with Russian nationals to help cab drivers cut the dispatch line, for a fee.
UK’s Telegraph Group Cuts Paternity Leave From Six Months to Two
Telegraph Media Group Ltd. slashed its paternity leave policy for UK employees down to two months from six , rowing back after its introduction three years ago.
Bankman-Fried Extradition Hearing May Have FTX Co-Founder Facing Charges in US Soon
Sam Bankman-Fried’s plans to drop his fight against US extradition will get a hearing in a Bahamas court on Wednesday.
IMF Sees Further Decline in Kenyan Foreign Reserves on High Borrowing Costs
The International Monetary Fund expects a further decline in Kenya’s foreign-currency reserves next year as high borrowing costs limit access to global credit markets.
France Faces Lower Blackout Risk in January as Plants Return
France’s grid operator said the risk of an electricity shortfall in January has receded because of rebounding nuclear and hydroelectric output and lower demand.
US Rent Inflation Is Slowing Fast in New Index Built by Fed Team
The cooldown in US housing should show up in official inflation data next year, according to a new index that aims to capture changes in rental markets without the usual lag.
ConocoPhillips Says More US Cuts to Alaska Plan Would Kill Project
The head of ConocoPhillips’s Alaska operations signaled the company would walk away from an $8 billion oil project in the Arctic if the US government forced it to further scale down drilling to just two locations, saying that would no longer be economically viable.
Clinton-Backed Initiative Ships Covid Drugs to Africa
The Covid Treatment Quick Start Consortium delivered its first shipment of Paxlovid, a Covid-19 treatment made by Pfizer Inc., to Africa this month with 1,000 courses of the drug arriving in Zambia.
Broadcom’s $61 Billion VMware Deal Faces In-Depth EU Probe
(Bloomberg) — Broadcom Inc.’s proposed $61 billion takeover of cloud-computing company VMware Inc. faces an extended European Union review, after EU regulators warned that the deal could lead to “higher prices, lower quality and less innovation” for business customers.
