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News

11 May UPDATE 1-Kuroda says Bank of Japan will do ‘whatever it can’ to beat pandemic fallout

Posted at 01:52h in News by KMFSLLP 0 Comments

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* Outlook highly uncertain, dependent on when pandemic contained

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11 May Australia shares drop 1% as risk of second COVID-19 wave weighs

Posted at 01:40h in News by KMFSLLP 0 Comments

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Australian shares retreated on Tuesday, with the mining index leading the losses, as a second wave of coronavirus infections in several parts of the world kept investors on edge.

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11 May BOJ’s Kuroda says near-term focus will be to ease funding strains

Posted at 01:34h in News by KMFSLLP 0 Comments

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Bank of Japan Governor Haruhiko Kuroda said on Tuesday the near-term focus of monetary policy would be on easing corporate funding strains and stabilising financial markets.

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11 May CORRECTED-WeWork directors seek to preserve right to sue owner SoftBank

Posted at 01:03h in News by KMFSLLP 0 Comments

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A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.

11 May UPDATE 1-Virgin Australia has 19 potential buyers in data room -administrator

Posted at 00:49h in News by KMFSLLP 0 Comments

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* Airline has 117 leased planes and engines (Adds details of potential buyers, interim funding needs)

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11 May Australia’s Victoria state to reopen classrooms earlier than expected

Posted at 00:28h in News by KMFSLLP 0 Comments

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Australia's second-most populous state will resume face-to-face teaching from May 27, weeks earlier than expected, after a school shutdown to halt the spread of the new coronavirus, Premier Daniel Andrews said on Tuesday.

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11 May Virgin Australia has 19 potential buyers in data room – administrator

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

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Virgin Australia Holdings Ltd's administrator said 19 parties interested in purchasing the airline had been granted access to a data room as of May 11 and non-binding indicative offers are due on May 15, according to an affidavit.

10 May UPDATE 2-More U.S. banks, credit unions given remittance fee exemptions

Posted at 23:54h in News by KMFSLLP 0 Comments

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More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.

10 May UPDATE 7-Argentina extends $65 bln debt deadline as ‘hardball’ talks stoke risk of default

Posted at 23:40h in News by KMFSLLP 0 Comments

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Argentina will extend negotiations over a $65 billion debt restructuring proposal until May 22, the government said on Monday, setting the stage for tense last-ditch talks as the South American nation races to avoid default.

10 May Car rental firm Hertz raises going concern doubts as debt default looms

Posted at 23:29h in News by KMFSLLP 0 Comments

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Hertz Global Holdings Inc on Monday raised going concern doubts as the car rental company tries to cut costs and avoid debt default amid a blow to its business due to the COVID-19 pandemic, sending its shares down 4% in extended trading.

News

11 May UPDATE 1-Kuroda says Bank of Japan will do ‘whatever it can’ to beat pandemic fallout

11 May Australia shares drop 1% as risk of second COVID-19 wave weighs

11 May BOJ’s Kuroda says near-term focus will be to ease funding strains

11 May CORRECTED-WeWork directors seek to preserve right to sue owner SoftBank

11 May UPDATE 1-Virgin Australia has 19 potential buyers in data room -administrator

11 May Australia’s Victoria state to reopen classrooms earlier than expected

11 May Virgin Australia has 19 potential buyers in data room – administrator

10 May UPDATE 2-More U.S. banks, credit unions given remittance fee exemptions

10 May UPDATE 7-Argentina extends $65 bln debt deadline as ‘hardball’ talks stoke risk of default

10 May Car rental firm Hertz raises going concern doubts as debt default looms

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