MARKET UPDATE

KKR taps Temasek exec to head Asia-Pacific equity investment strategy

KKR & Co (NYSE:KKR) Inc on Thursday appointed Mukul Chawla, a managing director at Singapore state investor Temasek, to lead the U.S. private equity firm’s investment strategy into emerging, high-growth companies in the Asia-Pacific.

 

Dollar Stable as Traders Digest Omicron News; Rand, Aussie Dollar Hit

The dollar traded largely unchanged Thursday, with the safe haven Japanese yen more in demand as worries over the omicron Covid variant mounted, weighing on the South African rand and the Australian dollar.

 

OPEC+ weighs output policy as Omicron fears hammer prices

OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release from oil reserves and fears over the new Omicron coronavirus variant.

 

India’s Jet Airways in talks with Boeing, Airbus for $12 billion order – BloombergQuint

India’s Jet Airways is in talks with plane makers Boeing (NYSE:BA) Co and Airbus SE (OTC:EADSY) for an order worth $12 billion, BloombergQuint reported on Thursday, citing Bloomberg News.

 

Canada Goose draws fresh fire in China for return policies

Canadian winterwear producer Canada Goose Holdings (NYSE:GOOS) Inc has run into controversy in China due to a dispute over its return policies, with a city consumer watchdog calling it into meetings and other groups accusing it of “bullying” customers.

 

Stress test shows Danish banks have sufficient capital

Danish banks have sufficient capital to withstand a recession, but a few systematically important banks are close to reaching safety buffers, results of a stress test by Denmark’s central bank showed on Thursday.

 

 

Source: Investing.com

 

 

 

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