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Author: KMFSLLP

06 May SE Asia Stocks-Philippines recovers on hopes of lockdown easing; Thailand falls

Posted at 10:47h in News by KMFSLLP 0 Comments

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Philippine shares reversed course to end higher on Thursday on hopes the country would soon ease its coronavirus-driven restrictions, while Thailand stocks fell on gloomy outlook for its economy. The Philippine benchmark gained 0.3%, recovering from a 0.7% fall earlier in the session after

06 May EU executive proposes anti-money laundering body

Posted at 10:45h in News by KMFSLLP 0 Comments

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The European Commission said on Thursday it is considering creating a new authority to police financial crime and monitor banks more strictly, confirming a Reuters report.

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06 May REFILE-UPDATE 2-PayPal sees strong second quarter as online spending surges (May 6)

Posted at 10:35h in News by KMFSLLP 0 Comments

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PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.

06 May REFILE-UPDATE 3-Norway central bank cuts rates to zero to soften coronavirus impact

Posted at 10:33h in News by KMFSLLP 0 Comments

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Norway's central bank cut its key interest rate on Thursday to a record-low zero percent from 0.25% in a surprise move, seeking to cushion an economy reeling from the COVID-19 pandemic.

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06 May Czech banks have granted 310,000 loan payment deferrals -association

Posted at 10:30h in News by KMFSLLP 0 Comments

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Czech banks have so far granted 310,000 payment deferrals on loans worth 170 billion crowns ($6.77 billion), providing relief to borrowers hurt by the coronavirus outbreak, the Czech Banking Association said on Thursday.

06 May Far Point board recommends against buyout of Global Blue

Posted at 10:25h in News by KMFSLLP 0 Comments

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Blank-check company Far Point Acquisition Corp said on Thursday its board recommended against the $2.6 billion deal to buy shopping tax refund firm Global Blue, after the latter flagged a hit from COVID-19.

06 May UPDATE 3-Liberty and Telefonica in $38 bln UK tie-up to take on BT

Posted at 10:22h in News by KMFSLLP 0 Comments

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* Targets 6.2 bln stg of annual synergies in five years (Adds reaction, industry context, updates shares)

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06 May Monte dei Paschi posts Q1 loss hit by COVID-19 provisions, one-offs

Posted at 10:16h in News by KMFSLLP 0 Comments

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Italy's state-owned bank Monte dei Paschi di Siena posted a 244 million euro ($263 million) loss in the first quarter after writing down loans due to the economic fallout from the pandemic.

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06 May UnitedHealth to issue premium credits as part of $1.5 bln spending plan

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

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U.S. health insurer UnitedHealth Group Inc said on Thursday it plans to spend $1.5 billion on its customers in part by issuing credits against some commercial health insurance premiums in June due to the new coronavirus pandemic.

06 May Cigna’s Express Scripts offers discounted drugs for U.S. newly unemployed

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

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Express Scripts is offering discounted $25 and $75 prescription drug prices to the newly uninsured, a stop-gap measure aimed at Americans who lose their jobs and health insurance due to the coronavirus pandemic.

Author: KMFSLLP

06 May SE Asia Stocks-Philippines recovers on hopes of lockdown easing; Thailand falls

06 May EU executive proposes anti-money laundering body

06 May REFILE-UPDATE 2-PayPal sees strong second quarter as online spending surges (May 6)

06 May REFILE-UPDATE 3-Norway central bank cuts rates to zero to soften coronavirus impact

06 May Czech banks have granted 310,000 loan payment deferrals -association

06 May Far Point board recommends against buyout of Global Blue

06 May UPDATE 3-Liberty and Telefonica in $38 bln UK tie-up to take on BT

06 May Monte dei Paschi posts Q1 loss hit by COVID-19 provisions, one-offs

06 May UnitedHealth to issue premium credits as part of $1.5 bln spending plan

06 May Cigna’s Express Scripts offers discounted drugs for U.S. newly unemployed

KM Financial Solutions LLP

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