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Author: KMFSLLP

03 Jun UPDATE 4-ECB gives another shot of stimulus as economy reels

Posted at 16:11h in News by KMFSLLP 0 Comments

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* 8.7% euro zone GDP contraction seen this year (Adds detail)

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03 Jun UPDATE 2-European stocks pause after rally, ECB stimulus boosts banks

Posted at 16:09h in News by KMFSLLP 0 Comments

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* Adidas sees faster recovery in greater China (Updates with ECB details, market move)

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03 Jun UPDATE 1-U.S. working with manufacturers to boost flu vaccine availability, top official says

Posted at 16:08h in News by KMFSLLP 0 Comments

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The U.S. government is working with drugmakers to maximize availability of influenza vaccines, worried that a substantial flu season on top of another wave of the novel coronavirus could swamp the healthcare system this fall, a top U.S. health official said on Thursday.

03 Jun UK leaves door open to imports of US chlorine-washed chicken

Posted at 16:04h in News by KMFSLLP 0 Comments

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Plan would include tariffs to protect British farmers as part of effort to secure trade deal

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03 Jun UPDATE 1-Lebanon aims to unify financial loss figures next week

Posted at 15:59h in News by KMFSLLP 0 Comments

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Lebanon will agree next week on unified figures for losses in its financial system, the presidency said, seeking to reconcile different approaches taken by the government and central bank that have complicated IMF negotiations.

03 Jun UPDATE 3-Euro jumps to new three-month highs, Italy bonds rally as ECB revs up stimulus

Posted at 15:53h in News by KMFSLLP 0 Comments

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* Junk bond purchases "not discussed", Lagarde says (Updates prices to close, move in euro)

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03 Jun U.S. Chapter 11 bankruptcy filings surge in May

Posted at 15:38h in News by KMFSLLP 0 Comments

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U.S. commercial bankruptcy filings under Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from year earlier, marking an initial wave of insolvencies arising from the business disruptions triggered by the COVID-19 pandemic, the American Bankruptcy Institute said on Thursday.

03 Jun UK’s furlough scheme to cost less than expected, says watchdog

Posted at 15:30h in News by KMFSLLP 0 Comments

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Focus on part-time and low-paid workers set to limit government outlay, according to OBR

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03 Jun GRAPHIC-U.S. leveraged loan downgrade ratio five times worse than 2008-09

Posted at 15:15h in News by KMFSLLP 0 Comments

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The ratio of leveraged loan credit rating downgrades to upgrades has spiked to a record level five times above that hit during the last global financial crisis, reflecting the unprecedented stress in risky assets due to the coronavirus pandemic.

03 Jun UPDATE 1-Fiat-Chrysler’s state-backed loan crucial for Italy’s economy-Intesa CEO says

Posted at 15:10h in News by KMFSLLP 0 Comments

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A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA), financed by Intesa Sanpaolo, is crucial in terms of safeguarding Italy's economy, the head of the country's biggest retail bank said.

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Author: KMFSLLP

03 Jun UPDATE 4-ECB gives another shot of stimulus as economy reels

03 Jun UPDATE 2-European stocks pause after rally, ECB stimulus boosts banks

03 Jun UPDATE 1-U.S. working with manufacturers to boost flu vaccine availability, top official says

03 Jun UK leaves door open to imports of US chlorine-washed chicken

03 Jun UPDATE 1-Lebanon aims to unify financial loss figures next week

03 Jun UPDATE 3-Euro jumps to new three-month highs, Italy bonds rally as ECB revs up stimulus

03 Jun U.S. Chapter 11 bankruptcy filings surge in May

03 Jun UK’s furlough scheme to cost less than expected, says watchdog

03 Jun GRAPHIC-U.S. leveraged loan downgrade ratio five times worse than 2008-09

03 Jun UPDATE 1-Fiat-Chrysler’s state-backed loan crucial for Italy’s economy-Intesa CEO says

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