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Author: KMFSLLP

27 Oct UPDATE 1-Commerzbank posts 35% rise in Q3 net profit, exceeding expectations

Posted at 16:47h in News by KMFSLLP 0 Comments

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* Continued weakness at corporate client division (Updates with further details)

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27 Oct UPDATE 4-AT&T to add directors, sell up to $10 bln in assets next year

Posted at 16:45h in News by KMFSLLP 0 Comments

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AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management.

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27 Oct UPDATE 1-Sandvik agrees to sell 70% of Drilling and Completions

Posted at 16:34h in News by KMFSLLP 0 Comments

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Metal-cutting tools maker Sandvik has agreed to sell 70% of its drilling and completions business for 900 million crowns ($92.8 mln) in line with its strategy to focus on core operations.

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27 Oct FOCUS-VW’s electric bet in China brings global muscle to zero-emissions race

Posted at 16:30h in News by KMFSLLP 0 Comments

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Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.

27 Oct UPDATE 1-Richard Branson’s Virgin Galactic takes off in NYSE debut

Posted at 16:29h in News by KMFSLLP 0 Comments

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Shares of Richard Branson-backed Virgin Galactic Holdings Inc jumped as much as 7.7% in early trading on the New York Stock Exchange on Monday, underscoring investor interest in the first space tourism company to hit public markets.

27 Oct Ken Fisher says no lay-offs despite withdrawals over his remarks

Posted at 15:58h in News by KMFSLLP 0 Comments

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Fisher Investments founder Ken Fisher said there will be no lay-offs at his Washington state investment firm despite some $3 billion in withdrawals by pension funds and others over allegedly sexist remarks he made at an investor conference.

27 Oct UPDATE 1-Bulgaria asked Russia to recall diplomat over spying allegation

Posted at 15:56h in News by KMFSLLP 0 Comments

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A Russian diplomat who Bulgarian prosecutors suspect was involved in espionage has the left Bulgaria, the Bulgarian foreign ministry said on Monday.

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27 Oct Slovenia lawmakers veto planned law on bank bail-in repayments

Posted at 15:31h in News by KMFSLLP 0 Comments

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* Upper house vetoes bill, bows to pressure from employers' lobby

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27 Oct Parliament set to debate Boris Johnson’s bid to trigger election

Posted at 15:13h in News by KMFSLLP 0 Comments

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27 Oct UPDATE 1-Russian lender TCS to resume dividend payments – CFO

Posted at 14:57h in News by KMFSLLP 0 Comments

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Russian lender TCS Group Holding will resume dividend payments following this year's fourth-quarter results, the company's chief financial officer said on Monday.

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Author: KMFSLLP

27 Oct UPDATE 1-Commerzbank posts 35% rise in Q3 net profit, exceeding expectations

27 Oct UPDATE 4-AT&T to add directors, sell up to $10 bln in assets next year

27 Oct UPDATE 1-Sandvik agrees to sell 70% of Drilling and Completions

27 Oct FOCUS-VW’s electric bet in China brings global muscle to zero-emissions race

27 Oct UPDATE 1-Richard Branson’s Virgin Galactic takes off in NYSE debut

27 Oct Ken Fisher says no lay-offs despite withdrawals over his remarks

27 Oct UPDATE 1-Bulgaria asked Russia to recall diplomat over spying allegation

27 Oct Slovenia lawmakers veto planned law on bank bail-in repayments

27 Oct Parliament set to debate Boris Johnson’s bid to trigger election

27 Oct UPDATE 1-Russian lender TCS to resume dividend payments – CFO

KM Financial Solutions LLP

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