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News

20 May Oxfam makes deep cuts as charities reel from effects of virus

Posted at 16:00h in News by KMFSLLP 0 Comments

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Aid group to lose nearly a third of staff and pull out of 18 countries

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20 May SelectQuote shares surge nearly 40% in U.S. market debut

Posted at 15:52h in News by KMFSLLP 0 Comments

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Shares of SelectQuote Inc jumped as much as 40% in their U.S. market debut on Thursday, giving the insurance policy comparison website a market valuation of over $4 billion.

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20 May UPDATE 1-NY Fed’s Williams says it’s hard to know what shape U.S. economic recovery will take

Posted at 15:46h in News by KMFSLLP 0 Comments

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U.S. economic data is likely to become grimmer as the effects of the coronavirus pandemic become clearer, and it is difficult to know what the recovery could look like, New York Federal Reserve Bank President John Williams said Thursday.

20 May Ex-Refco CEO Bennett wins compassionate release from prison, to be deported to U.K.

Posted at 15:28h in News by KMFSLLP 0 Comments

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The former chief executive of Refco Inc, one of the world's largest commodities brokerages before its 2005 bankruptcy, has been granted compassionate release from a U.S. prison, where he had been serving a 16-year term for his role in the collapse.

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20 May U.S. banking regulator Otting to exit, his deputy to serve as acting chief

Posted at 15:27h in News by KMFSLLP 0 Comments

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Joseph Otting, the head of a top U.S. banking regulator and former CEO of California's OneWest Bank, is stepping down from his government post after two and a half years, he announced on Thursday.

20 May Sturgeon sets out cautious lockdown easing plan for Scotland

Posted at 15:19h in News by KMFSLLP 0 Comments

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Route map broadly matches steps for England but takes a markedly different approach to schools

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20 May UPDATE 1-Morgan Stanley CEO: too early to consider restarting share buybacks

Posted at 15:12h in News by KMFSLLP 0 Comments

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Morgan Stanley's Chief Executive Officer James Gorman told shareholders on Thursday that it is too early for him or anyone on the board of directors to consider reinstating the bank's share buyback program.

20 May Britain’s tracing army sits idle as lockdown deadline looms

Posted at 15:03h in News by KMFSLLP 0 Comments

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PM promised ‘world-beating’ scheme by June 1 but tech glitches and disjointed planning have held it back

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20 May Jupiter shareholders approve British asset manager’s Merian merger deal

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British asset manager Jupiter Fund Management said on Thursday shareholders had approved its proposed acquisition of smaller rival Merian Global Investors, with about 95% of votes cast in favour of the deal at a general meeting.

20 May UPDATE 2-Italy raises 22.3 bln euros from new BTP Italia bond

Posted at 14:49h in News by KMFSLLP 0 Comments

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Italy raised a record 22.3 billion euros ($24.5 billion) from a BTP Italia inflation-linked bond targeted at retail investors this week, outperforming the last such issue in October and exceeding the already high expectations for the new note.

News

20 May Oxfam makes deep cuts as charities reel from effects of virus

20 May SelectQuote shares surge nearly 40% in U.S. market debut

20 May UPDATE 1-NY Fed’s Williams says it’s hard to know what shape U.S. economic recovery will take

20 May Ex-Refco CEO Bennett wins compassionate release from prison, to be deported to U.K.

20 May U.S. banking regulator Otting to exit, his deputy to serve as acting chief

20 May Sturgeon sets out cautious lockdown easing plan for Scotland

20 May UPDATE 1-Morgan Stanley CEO: too early to consider restarting share buybacks

20 May Britain’s tracing army sits idle as lockdown deadline looms

20 May Jupiter shareholders approve British asset manager’s Merian merger deal

20 May UPDATE 2-Italy raises 22.3 bln euros from new BTP Italia bond

KM Financial Solutions LLP

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