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EU’s seven-year bond sale pulls in $100b orderbook

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Bloomberg The European Union (EU) met strong investor demand on its return to the bond market on Tuesday with a seven-year debt sale. The nation wracked up more than 85 billion euros ($100 billion) of orders for a 9 billion-euro offering of bonds maturing in 2028 via banks, with pricing set at 14 basis points below swaps. Analysts had expected ...

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US consumer price growth cools, smallest gain in seven months

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Bloomberg Prices paid by US consumers rose in August by less than forecast, snapping a string of outsized gains and suggesting that some of the upward pressure on inflation is beginning to wane. The consumer price index increased 0.3% from July, the smallest advance in seven months, according to Labour Department data released on Tuesday. Compared with a year ago, ...

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Intuit to acquire Mailchimp for $12b

Bloomberg Intuit Inc, the maker of TurboTax and QuickBooks software, agreed to buy privately held email marketing firm Mailchimp for $12 billion in cash and stock, uniting two providers of services for small businesses. The deal will bolster Intuit’s offerings for businesses looking for ways to reach and serve customers online. Intuit has offered QuickBooks accounting software to clients for ...

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