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Author: KMFSLLP

23 Apr Turkish insurance shares jump after wealth fund takeover

Posted at 09:33h in News by KMFSLLP 0 Comments

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Shares in Turkish insurance companies jumped on Friday after the country's sovereign wealth fund took over insurance and pension companies owned by state banks with a 6.54 billion lira ($938 million) investment.

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23 Apr UPDATE 3-Lebanon lowers pound exchange rate more than 50% at transfer firms, source says

Posted at 09:24h in News by KMFSLLP 0 Comments

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The Lebanese central bank set an exchange rate of 3,625 Lebanese pounds per dollar to be applied by money-transfer firms on Friday, a central bank source said, 58% weaker than the official peg as the country grapples with a financial crisis.

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23 Apr India’s funds body urges investor calm after Templeton shuts funds

Posted at 09:20h in News by KMFSLLP 0 Comments

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The Association of Mutual Funds in India on Friday urged investors to remain calm after global fund manager Franklin Templeton shut six of its debt funds in India, citing market dislocation and a lack of liquidity amid the coronavirus pandemic.

23 Apr UPDATE 1-European shares slide as EU stimulus fails to impress

Posted at 09:17h in News by KMFSLLP 0 Comments

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* Nestle gains on stockpiling demand ahead of lockdown (Adds comments, details; updates prices)

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23 Apr UPDATE 1-Investors grab junk bonds, cash still king

Posted at 09:06h in News by KMFSLLP 0 Comments

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Investors added onto junk-rated bond funds as the new consensus in markets was to "buy what the Fed buys", BofA's note on fund flows showed on Friday.

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23 Apr Andy Haldane: Reweaving the social fabric after the crisis

Posted at 09:00h in News by KMFSLLP 0 Comments

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The lesson is to better recognise all the paid and unpaid contributions citizens make

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23 Apr Reweaving the social fabric after the crisis

Posted at 09:00h in News by KMFSLLP 0 Comments

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The lesson is to better recognise all the paid and unpaid contributions citizens make

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23 Apr Legal & General estimates lower assets under management at March-end

Posted at 08:54h in News by KMFSLLP 0 Comments

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British life insurer Legal & General on Friday estimated a decline in total assets under management at its investment management arm at the end of March.

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23 Apr Soccer-Belgian club Oostende taken over by American investors

Posted at 08:45h in News by KMFSLLP 0 Comments

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Belgian soccer club KV Oostende has confirmed their takeover by the American-based investment fund Pacific Media Group (PMG), as the club awaits the result of an appeal over the withdrawal of its professional licence.