September, 2021

• 16 September

  RBA’s Lowe pushes back against bets on early rate rises

  

  Bloomberg Australia central bank chief Philip Lowe pushed back against investor bets on early interest-rate increases, arguing it will take time to drive faster wages growth and reiterating he doesn’t expect liftoff before 2024. “I find it difficult to understand why rate rises are being priced in next year or early 2023,” Lowe said in a speech to the Anika ...

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• 16 September

  European stocks struggle as China data flag growth risk

  

  Bloomberg Stocks in Europe struggled for traction as weak economic data from China fueled concerns about a slower global recovery from the pandemic. Travel and retail stocks led declines in the Stoxx Europe 600 Index, with H&M falling the most since July after missing sales estimates, while energy shares gained as oil extended an advance. Contracts on the S&P 500 ...

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• 16 September

  Chip supplier’s winning streak shows foreigners are returning to Japan

  

  Bloomberg The nonstop surge in global demand for electronics products combined with the recent flood of foreign funds into Japanese stocks has driven a record win streak in one of the world’s largest suppliers of chipmaking equipment. Shares of Tokyo Electron Ltd gained 1.6% to a fresh all-time high on Wednesday, notching a 15th straight daily advance, its longest-ever win ...

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• 15 September

  Philippines sells $866m of maiden retail dollar bonds

  Bloomberg The Philippines raised $866 million from its debut sale of dollar bonds targeted at individuals as it seeks to expand funding from that lucrative investor pool. In a two-part offering, 10-year retail notes were priced at 2.25% and five-year bonds at 1.375%, according to the Bureau of the Treasury. While the debt sale is small compared with the $3 ...

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• 15 September

  Sheikh Mohammed orders urgent aid flights to Sudan and Ethiopia

  

  DUBAI / WAM Two humanitarian aid flights ordered by Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum to transport much needed aid to Sudan and Ethiopia have reached Khartoum and Addis Ababa. Under the directives of HH Sheikh Mohammed bin Rashid, the International Humanitarian City in Dubai (IHC) facilitated ...

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• 15 September

  Aldar-ADQ consortium offers to buy 90% stake in Egypt’s Sodic

  

  ABU DHABI / WAM A consortium comprising Aldar Properties (Aldar) and ADQ has submitted for approval by the Egyptian Financial Regulatory Authority (the FRA) an all-cash mandatory tender offer (MTO) for up to 90 percent and a minimum of 51 percent of the outstanding share capital of The Sixth of October for Development and Investment SAE (SODIC or the Company) ...

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• 15 September

  Mashreq, Dafza sign deal to enhance SME growth

  

  DUBAI / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...

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• 15 September

  Expo 2020 Dubai to open new, immersive world for families

  DUBAI / WAM Expo 2020 Dubai will open up a whole new, immersive world for families — a magical place that merges the fantasy of a vivid imagination with the reality of a world that needs everyone’s help, where children will encounter breakthrough new discoveries, explore world’s ecosystems and learn important lessons about our planet and humanity. Magical mascot shows, ...

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• 15 September

  Barakah Unit 2 connection to UAE grid is a historic milestone: FANR

  

  ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR) has said that the successful connection of the Unit 2 of the Barakah Nuclear Energy Plant to the UAE grid is another historic milestone for the UAE Nuclear Energy Programme, which will lead to the full commercial operation of Unit 2. In a statement issued on the occasion, FANR ...

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• 15 September

  Etihad, Amadeus ink deal on next-gen travel technology

  

  ABU DHABI / WAM Etihad Airways is set to embark on a major digital transformation following the signing of a landmark multi-year deal with Amadeus. As part of the deal, Etihad Airways will implement the full Amadeus Altéa PSS suite, including web booking, revenue management and merchandising, data management and passenger servicing solutions. These technology products will be customised for ...

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