September, 2021

• 29 September

  Powell says jobs still short of goal as supply woes increase prices

  

  Bloomberg Federal Reserve Chair Jerome Powell said supply bottlenecks have been longer lasting than anticipated, and he expects inflation pressures to remain high in coming months before easing. “These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2% goal,” Powell said in ...

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• 29 September

  Vista seals $1.5bn deal for software firm Blue Prism

  Bloomberg Private equity firm Vista Equity Partners is to acquire automation software developer Blue Prism Group Plc for about $1.5 billion, in yet another takeover of a UK tech company by a foreign buyer. Blue Prism recommended Vista’s bid of 1,125 pence a share in a statement on Tuesday. The offer represents a premium of about 35% to Blue Prism’s ...

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• 29 September

  UK puts military on standby to tackle damaging fuel crisis

  

  Bloomberg The UK officially put the military on standby to help deliver supplies to gasoline stations in an effort to stem a crisis that’s engulfed Prime Minister Boris Johnson’s government. A “limited number” of army tanker drivers will be trained up in case they’re needed, the Department for Business, Energy and Industrial Strategy said. Non-military holders of specialized licenses that ...

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• 29 September

  Spain to extend furlough programme

  Bloomberg The Spanish government has reached a deal with unions and trade groups to extend its furlough program until February 28 next year. The current job-saving scheme will be replaced in November with a new plan that gives employers more benefits if they provide training to workers, according a Labour Ministry statement. Meanwhile, the Bank of Spain expects inflation to ...

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• 29 September

  US household net worth hits record on home values

  

  Bloomberg US household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and largest-ever increase in value of their real estate holdings. Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report showed. The advance included a $3.5 trillion gain in ...

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• 29 September

  India keeps annual borrowing size amid improving revenues

  

  Bloomberg Indian bonds gained after the government refrained from adding to its near-record borrowing plan for the year, bringing some supply relief to the market battered by rising Treasury yields and oil prices. The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement. The ...

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• 29 September

  Stocks, futures fall amid spike in Treasury yields

  

  Bloomberg Stocks and US index futures declined as investors reassessed valuations in the wake of a spike in Treasury yields. Oil headed for multiyear highs amid a global supply crunch. Contracts on the Nasdaq 100 Index plunged 1.4%, signaling the technology-heavy gauge may extend the losses. S&P 500 futures fall 0.8%. The five-year Treasury yield rises above 1.03% and the ...

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• 28 September

  Expo 2020 Dubai message of peace and tolerance from UAE to world

  

  ABU DHABI / WAM Dr Matar Hamed Al Niyadi, UAE Ambassador to Kuwait, has said that Expo 2020 Dubai sends a message of peace and tolerance from the UAE to the entire world, as it will gather participants and visitors from around the world for six months in a display of innovation and social and cultural development. In an interview ...

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• 28 September

  Adnoc Drilling raises over $1.1b in oversubscribed IPO

  

  ABU DHBAI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Adnoc Drilling Company PJSC. It confirmed the previously announced increased offering size from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares (Offer Shares), equivalent to 11 percent of total issued share ...

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• 28 September

  Sheikh Mohamed congratulates Chechen president on re-election

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held a phone call with Ramzan Kadyrov, president of Chechnya, during which he congratulated him on being re-elected for another presidential term, and wished him continuing success in performing his duties. His highness Sheikh ...

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