September, 2021

• 15 September

  Putin self-isolates due to Covid-19 cases among staff

  

  Bloomberg Russian President Vladimir Putin will go into self-isolation after being exposed to several people in his entourage infected with Covid-19, Kremlin spokesman Dmitry Peskov said on Tuesday. The 68-year-old leader is “absolutely healthy” and has tested negative for Covid-19, Peskov told a regular conference call. Putin will avoid in-person meetings for “some time,” he said. Plans to fly to ...

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• 15 September

  UK payrolls hit pre-pandemic level with record vacancies

  

  Bloomberg The number of workers on UK company payrolls climbed above its pre-pandemic level as vacancies hit a record high with firms battling staff shortages created by Brexit and lockdowns. The figures from Office for National Statistics (ONS) included a 35% surge in job openings in the quarter to 1.03 million, the first time they’ve risen above 1 million. That ...

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• 15 September

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

  

  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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• 15 September

  US consumer price growth cools, smallest gain in seven months

  

  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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• 15 September

  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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• 15 September

  Hungary plans multi-part bond sale to shore up its budget

  

  Bloomberg Hungary plans to offer a range of dollar and euro bonds to shore up its budget as it’s facing a potential delay in accessing European Union (EU) funds because of a feud with the bloc over democratic values. The country may sell 10-year and 30-year bonds in dollars, as well as seven-year and/or 20-year bonds in euros, according to ...

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• 15 September

  Stocks fluctuate before US CPI as crude oil advances

  

  Bloomberg Stocks and US futures fluctuated ahead of inflation data that could influence expectations about the Federal Reserve’s likely timing for paring stimulus. Treasury yields and the dollar were steady. Basic-resources shares declined in Europe as iron ore dropped for a fifth day, with production curbs in China weighing on demand and investors awaiting industrial and economic data due this ...

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• 14 September

  Chinese EV maker once worth more than Ford wipes out $80bn

  

  Bloomberg Evergrande New Energy Vehicle Group Ltd shares plunged anew on Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year. The Hong Kong-listed company — which at its peak in April was worth more than Ford Motor Co despite not yet having a car on the market ...

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• 14 September

  Singapore plans local stocks boost with Temasek fund

  Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of matter. State investment giant Temasek Holdings Pte.’s 65 Equity Partners Holdings Pte, with a fund size of at least $745 million, will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign wealth fund GIC ...

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• 14 September

  Adnoc Drilling IPO pricing values equity at $10 billion

  

  ABU DHABI / Agencies The Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at AED2.30, implying an equity value of $10 billion. The offer price was determined by Adnoc, as the selling shareholder, and Adnoc Drilling, following investor engagement that saw ...

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