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12 May UPDATE 2-Russian bank TCS expects slower growth in 2020, withdraws guidance

Posted at 11:22h in News by KMFSLLP 0 Comments

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* Founder being treated for acute leukaemia (Adds CEO comments from conference call)

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12 May Coronavirus drains Vatican coffers as income falls, deficits loom

Posted at 11:18h in News by KMFSLLP 0 Comments

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* Vatican imposes strict cost-cutting as coronavirus hits income

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12 May Why a sensible deadline for US-UK trade talks is next April

Posted at 11:14h in News by KMFSLLP 0 Comments

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Trade Secrets has found nobody in Washington who thinks a full deal can be struck before November

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12 May Property transactions in Spain plummet 29% year-on-year in March

Posted at 10:59h in News by KMFSLLP 0 Comments

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The number of property transactions in Spain slumped 29% in March from a year ago, data showed on Wednesday - the first official release on the real estate market for the month when Spain imposed its strict lockdown over the coronavirus.

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12 May UPDATE 2-World’s largest wealth fund blacklists Glencore, other giants over coal use

Posted at 10:58h in News by KMFSLLP 0 Comments

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* First exclusion made for excessive greenhouse gas emissions (Recasts, adds exclusions of other companies over coal use)

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12 May Indonesia to raise health insurance premiums amid coronavirus outbreak

Posted at 10:56h in News by KMFSLLP 0 Comments

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Indonesia will raise premiums for health insurance provided by a state company but also increased subsidies for the lowest rate, impacting tens of thousands of policyholders, as the country battles the coronavirus, a minister said on Wednesday.

12 May China stocks end higher as healthcare firms gain; second wave fears weigh

Posted at 07:51h in News by KMFSLLP 0 Comments

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Chinese shares closed higher on Wednesday, reversing course from small losses as a rally in healthcare stocks boosted the index, although gains were capped due to persisting concerns around a potential second wave of COVID-19 cases.

12 May CORRECTED-UPDATE 1-Italy’s Poste says it can’t make 2020 forecasts after coronavirus hit

Posted at 07:23h in News by KMFSLLP 0 Comments

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Italian postal service operator Poste Italiane said on Wednesday it could not make forecasts for its full-year results after reporting a 29% fall in its operating profit in the first quarter due to the coronavirus crisis.

12 May European shares slide as virus fears persist, banks drop

Posted at 07:21h in News by KMFSLLP 0 Comments

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European shares fell on Wednesday, as investors feared a surge in COVID-19 cases after several hard-hit countries started to ease lockdowns, while rising U.S.-China tensions also dented sentiment.

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12 May UPDATE 2-ABN Amro warns of ballooning provisions after $1.2 bln Q1 hit

Posted at 07:18h in News by KMFSLLP 0 Comments

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Dutch bank ABN Amro warned provisions for souring loans could balloon to 2.5 billion euros ($2.71 billion) this year as the coronavirus crisis and oil price crash triggered a higher-than-expected first quarter loss.

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News

12 May UPDATE 2-Russian bank TCS expects slower growth in 2020, withdraws guidance

12 May Coronavirus drains Vatican coffers as income falls, deficits loom

12 May Why a sensible deadline for US-UK trade talks is next April

12 May Property transactions in Spain plummet 29% year-on-year in March

12 May UPDATE 2-World’s largest wealth fund blacklists Glencore, other giants over coal use

12 May Indonesia to raise health insurance premiums amid coronavirus outbreak

12 May China stocks end higher as healthcare firms gain; second wave fears weigh

12 May CORRECTED-UPDATE 1-Italy’s Poste says it can’t make 2020 forecasts after coronavirus hit

12 May European shares slide as virus fears persist, banks drop

12 May UPDATE 2-ABN Amro warns of ballooning provisions after $1.2 bln Q1 hit

KM Financial Solutions LLP

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