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10 Feb UPDATE 1-European shares hit record high as new coronavirus cases slow; Travel stocks lead

Posted at 09:37h in News by KMFSLLP 0 Comments

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* Chinese economy may be in better place than perceived- Analyst (Adds comment, updates prices)

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10 Feb With Oscar glory, ‘Parasite’ shines light on Seoul’s housing crisis

Posted at 09:32h in News by KMFSLLP 0 Comments

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BANGKOK, Feb 11 (Thomson Reuters Foundation) - South Korean film "Parasite", which became the first non-English language movie to win the Best Picture award at the Oscars, highlights the widening divide and lack of affordable housing in the capital Seoul, according to social analysts and academics.

10 Feb EU court’s top adviser says Italy reform of mutual banks is lawful

Posted at 09:23h in News by KMFSLLP 0 Comments

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A legal adviser to the European Union's top court said on Tuesday that the overhaul of mutual banks adopted in Italy in 2015 is in line with EU rules, dismissing an appeal filed by consumer organisations.

10 Feb RPT-Hong Kong stocks tick up as new coronavirus cases drop

Posted at 09:15h in News by KMFSLLP 0 Comments

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* Alibaba slips after report it will be excluded from StockConnect

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10 Feb UPDATE 1-DAMAC slips to first loss since 2010 as Dubai property market lags

Posted at 09:03h in News by KMFSLLP 0 Comments

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DAMAC Properties, one of Dubai's largest private developers, swung to a net loss of 36.9 million dirhams ($10 million) in 2019 from a profit of 1.15 billion dirhams in 2018, the firm reported on Tuesday.

10 Feb IKEA brand owner appoints Jon Abrahamsson Ring new CEO

Posted at 09:02h in News by KMFSLLP 0 Comments

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Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1.

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10 Feb UPDATE 1-Firm backed by Italy’s Gruppo San Donato could make offer for NMC

Posted at 08:51h in News by KMFSLLP 0 Comments

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GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health, a day after the London-listed healthcare group revealed approaches from two private equity groups.

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10 Feb Lloyd’s of London sets up independent group to improve culture

Posted at 08:47h in News by KMFSLLP 0 Comments

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Lloyd's of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to "drive long-term culture change" in the world's oldest insurance market.

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10 Feb Nigeria secures $1 mln U.S. grant to plan for gas-fired power plant

Posted at 08:38h in News by KMFSLLP 0 Comments

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Nigeria will get a grant of more than $1 million from the U.S. government for technical and financial work on a power plant project in the capital Abuja, the U.S. Trade and Development Agency (USTDA) said on Tuesday.

10 Feb UPDATE 1-James Hardie lifts outlook after Q3 profit rises on U.S. housing recovery

Posted at 08:24h in News by KMFSLLP 0 Comments

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James Hardie Industries on Tuesday posted a 17% jump in its third-quarter profit and raised the lower end of its fiscal 2020 outlook, underpinned by an improvement in the U.S. housing market.

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News

10 Feb UPDATE 1-European shares hit record high as new coronavirus cases slow; Travel stocks lead

10 Feb With Oscar glory, ‘Parasite’ shines light on Seoul’s housing crisis

10 Feb EU court’s top adviser says Italy reform of mutual banks is lawful

10 Feb RPT-Hong Kong stocks tick up as new coronavirus cases drop

10 Feb UPDATE 1-DAMAC slips to first loss since 2010 as Dubai property market lags

10 Feb IKEA brand owner appoints Jon Abrahamsson Ring new CEO

10 Feb UPDATE 1-Firm backed by Italy’s Gruppo San Donato could make offer for NMC

10 Feb Lloyd’s of London sets up independent group to improve culture

10 Feb Nigeria secures $1 mln U.S. grant to plan for gas-fired power plant

10 Feb UPDATE 1-James Hardie lifts outlook after Q3 profit rises on U.S. housing recovery

KM Financial Solutions LLP

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