September, 2021

• 1 September

  Jewellery firm Brilliant Earth adds to year’s US IPO rush

  

  Bloomberg Digital-first jewellery company Brilliant Earth Group Inc filed for an initial public offering, leading a flurry of planned listings. The San Francisco-based company in its filing listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. Amplitude Inc, saying it’s pioneering a new category it calls digital ...

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• 1 September

  Covid-19: Hong Kong retail growth slows again in July

  Bloomberg Hong Kong’s retailers saw consumption growth slow more than expected in July as social distancing measures to control the virus continued to constrain spending and local shoppers awaited the arrival of electronic vouchers the following month. Retail sales value was HK$27.2 billion ($3.5 billion), up 2.9% from a year ago, according to a government report. That’s well short of ...

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August, 2021

• 31 August

  Buffett’s $2b Japan gain yet to lure followers a year on

  

  Bloomberg Warren Buffett shocked Tokyo markets last August with a $6 billion bet on the country’s five largest trading houses. One year on, his investments are paying off. Amid the surge in commodity prices, the collective value of Berkshire Hathaway Inc’s stakes in the five “sogo shosha” has risen by about $2 billion. That gain of more than 30% has ...

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• 31 August

  Big Tech drives S&P 500 to 12th record in August

  

  Bloomberg Stocks climbed, led by some of the world’s largest technology companies. Traders also assessed the impacts from Tropical Storm Ida, which sank insurers and energy firms, while pushing gasoline higher. The S&P 500 notched its 12th all-time high in August, and the Nasdaq 100 rallied as Apple Inc’s market value topped $2.5 trillion. Robinhood Markets and Charles Schwab Corp. ...

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• 31 August

  GCC-India talks on FTA progressing fast: Goyal

  

  NEW DELHI / WAM India’s discussions for concluding a Free Trade Agreement (FTA) with the GCC are “progressing fast”, the Minister for Commerce, Industry and Consumer Affairs, Piyush Goyal, said. Addressing a large cross-section of India’s business through the platform of the Jain International Trade Organisation, Goyal specifically cited the UAE as among the countries with which his Ministry is ...

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• 31 August

  Gasoline jumps, oil falls as Ida barrels into Louisiana

  

  Bloomberg US gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the Opec+ producers’ cartel is expected on Wednesday to endorse a supply increase. Gasoline for October spiked more than 4% in New York before paring its advance, while West Texas Intermediate crude ...

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• 31 August

  RBC tops estimates on Canada’s recovery, surge in dealmaking

  

  Bloomberg Royal Bank of Canada (RBC) is benefiting from the lender’s dominance in its home country and a capital-markets division that’s cashing in on a surge in dealmaking. As Canada’s largest mortgage lender, Royal Bank is getting a boost from strong home sales and surging real estate values that have lifted that portion of its loan book. The bank has ...

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• 31 August

  UBS chairman calls on Europe to create green capital market

  

  Bloomberg European countries should band together to create a “green capital market” to finance the transition to cleaner fuels and other initiatives needed to meet the Paris Agreement climate targets, UBS Group AG chairman Axel Weber said. Weber, speaking on a panel at the European Forum Alpbach in Austria, said Europe’s leading position in tackling pollution should help it create ...

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• 30 August

  Nomura offers pizza, pasta for tradable crypto tokens

  Bloomberg Japan’s biggest brokerage has started offering subscriptions to a luxurious Italian food delivery service, where customers can use tokens to buy and trade dishes as their value fluctuates. An affiliate of Nomura Holdings Inc began selling the tokens, that exist on the blockchain, for four high-end food parcels a year from Masayuki Okuda, an award-winning Japanese chef famous for ...

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• 30 August

  Goldman, JPMorgan among banks hired for India’s blockbuster IPO

  

  Bloomberg Goldman Sachs Group Inc, JPMorgan Chase & Co and ICICI Securities Ltd were among banks picked to work on Life Insurance Corp. of India’s initial public offering, in what’s set be the nation’s biggest listing. Kotak Mahindra Capital Co, JM Financial Ltd., Citigroup Inc and Nomura Holdings Inc were also selected to work on the share sale that’s slated ...

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