Posted at 16:17h
in
News
by KMFSLLP
* European Commission sees record euro zone recession in
2020
...
Posted at 16:17h
in
News
by KMFSLLP
Private equity firm KKR & Co Inc
reported an 11% jump in after-tax distributable earnings
in the first quarter on Wednesday, driven by growth in asset
sales and management fees ahead of the coronavirus-linked market
turmoil.
Posted at 16:07h
in
News
by KMFSLLP
Major parts of the Lebanese
government's plan for pulling the country out of a financial
crisis will require new legislation, as will any deal with the
IMF, a senior MP said on Wednesday, signalling that those parts
will still require debate in parliament.
Posted at 16:06h
in
News
by KMFSLLP
Court hears claim in lawsuit that has laid bare feud over media, retail and hospitality empire
...
Posted at 15:55h
in
News
by KMFSLLP
British department store group Debenhams
will shut down five of its stores in Hammerson shopping
centres leading to potentially 1,400 job cuts, the retailer's
spokesman told Reuters on Wednesday.
...
Posted at 15:50h
in
News
by KMFSLLP
German public sector bank Deka is
calling for the removal of the chief executive of payments
company Wirecard, in which it holds shares,
Wirtschafts Woche magazine reported on Wednesday.
...
Posted at 15:48h
in
News
by KMFSLLP
Standard Chartered
defended its environmental credentials after renewed criticism
from climate campaigners for its funding of fossil fuel
companies as the bank held its annual shareholder meeting on
Wednesday.
...
Posted at 15:45h
in
News
by KMFSLLP
The head of the World
Health Organization (WHO) on Wednesday warned of the risks of
returning to lockdown if countries emerging from pandemic
restrictions do not manage transitions "extremely carefully and
in a phased approach".
Posted at 15:39h
in
News
by KMFSLLP
CVS Health Corp on Wednesday said
it was sticking to its 2020 forecast and expected a strong
second quarter, as reduced medical service use for its Aetna
insurance business offset coronavirus-related expenses and the
pandemic's impact on pharmacy sales and prescriptions.
Posted at 15:24h
in
News
by KMFSLLP
Only a handful of Lebanese
lenders are expected to emerge from an economic rescue plan that
many banks, who are among the government's biggest creditors,
oppose because it would wipe out $20.6 billion in shareholder
capital.