September, 2021

• 21 September

  Riksbank’s rate plans draw focus as prices spike

  Bloomberg Sweden’s central bank will this week reveal if a buoyant economic recovery and inflation that is heading towards the fastest since 2008 are reason enough to bring forward plans for tightening monetary policy. Economists don’t expect the Riksbank to change its interest rate on Tuesday, while investors are focusing on whether officials reckon the benchmark, now at zero, should ...

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• 21 September

  Most valuable Indian bank plots path to double retail loans

  

  Bloomberg HDFC Bank Ltd, India’s most valuable lender, plans to double the amount of loans it makes to retail borrowers over the next couple years as consumer demand ramps up from a pandemic-induced slowdown. Uncertainty is declining and demand is improving as businesses seek to bolster growth after Covid-19, Arvind Kapil, the bank’s country head for retail assets, said. It’s ...

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• 21 September

  US index futures advance as stock selloff moderates

  

  Bloomberg A selloff in stocks moderated on Tuesday as traders assessed risks from China’s crackdown on the real-estate sector and looked ahead to this week’s Federal Reserve meeting. The Stoxx Europe 600 index climbed more than 1%, rebounding from the biggest drop in two months, with energy companies leading the advance and most industry sectors in the green. Royal Dutch ...

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• 21 September

  Bitcoin retreats to August low amid bout of global market angst

  

  Bloomberg Bitcoin extended losses on Tuesday, falling to the lowest level since August after a global selloff in riskier assets took the overall value of the cryptocurrency market back below $2 trillion. The largest digital coin falls as much as 7.6% to $40,237 before paring some of the decline. Second-biggest token Ether was trading below $3,000, while Cardano, Solana, Polkadot ...

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• 20 September

  Naturgy board says IFM’s $5.8b offer is ‘reasonable’

  

  Bloomberg Naturgy Energy Group SA’s board said that IFM Global Infrastructure’s 4.9 billion-euro ($5.8 billion) bid for almost a quarter of the Spanish utility is “reasonable.” “From a purely financial point of view and in the current circumstances, the price of the offer is reasonable,” the company said in a regulatory filing. IFM initially offered 23 euros a share for ...

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• 20 September

  Bond sales wake from slumber as Fed talk jolts emerging markets

  

  Bloomberg Emerging-market bond sales are springing back to life before this week’s Federal Reserve meeting, as renewed speculation over imminent tapering prompts borrowers to raise money while it’s still cheap. The past week shattered a summer lull for dollar- and euro-denominated debt, bringing $36 billion of issuance from governments and companies after the previous 10 weeks saw only $90 billion ...

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• 20 September

  Stocks slump amid Fed, China risks; dollar gains

  

  Bloomberg Stocks in Europe plunged and US equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. The Stoxx Europe 600 index dropped 1.6%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron ...

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• 20 September

  UAE’s ERC inaugurates multiple development projects in Comoros

  

  MORONI / WAM The Emirates Red Crescent (ERC) inaugurated several development projects to support the victims of Tropical Cyclone Kenneth that struck the Comoros Islands three years ago. Some 280,000 people will benefit from the projects, which aim to support the health and education sectors by reinforcing their capacities and improving their services. The projects include the construction and maintenance ...

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• 20 September

  South African retail giant says Covid vaccines key to job boost

  

  Bloomberg South Africa’s largest clothing retailer sees a successful Covid-19 vaccination rollout as key to reopening the economy and adding new stores, helping to address the world’s highest unemployment rate. “If we get people vaccinated, the economy can normalise quickly,” Pepkor Holdings Ltd CEO Leon Lourens said in an interview. “If the economy normalises, we can create jobs.” The government ...

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• 20 September

  Colombia plans to open bidding for three airports

  

  Bloomberg Colombia plans to start the bidding process for the construction and modernisation of three airports in the fourth quarter as part of a larger $13 billion infrastructure plan. The expansion of the capacity of the airport that serves Cali, the nation’s third-largest city, as well as those of Buenaventura and Neiva, in western Colombia, have an estimated cost of ...

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