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News

30 Jul UPDATE 2-UK markets watchdog: cryptoassets have “no intrinsic value”

Posted at 09:45h in News by KMFSLLP 0 Comments

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People should be cautious about putting money into unregulated cryptoassets like bitcoin that have "no intrinsic value" and few protections, Britain's Financial Conduct Authority said on Wednesday.

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30 Jul UPDATE 4-Indian coffee tycoon Siddhartha’s body found floating in river

Posted at 09:44h in News by KMFSLLP 0 Comments

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* Co names interim chairman, to explore deleveraging the firm

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30 Jul China QFII quota $108.58 bln at end-July – FX regulator

Posted at 09:40h in News by KMFSLLP 0 Comments

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The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor (QFII) programme stood at $108.58 billion by July 31, up slightly from $107 billion at end-June, the foreign exchange regulator said on Wednesday.

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30 Jul UPDATE 2-Frozen Woodford fund breaches regulatory cap after Guernsey delistings

Posted at 09:24h in News by KMFSLLP 0 Comments

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* Woodford's listed fund hovering above record lows (Adds detail, background, WPCT shares)

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30 Jul UK markets watchdog: cryptoassets have “no intrinsic value”

Posted at 09:12h in News by KMFSLLP 0 Comments

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People should be cautious about putting money into unregulated cryptoassets like bitcoin that have "no intrinsic value" and few protections, Britain's Financial Conduct Authority said on Wednesday.

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30 Jul UPDATE 1-Japan’s Mizuho Q1 profit up 0.8% on overseas lending strength

Posted at 09:04h in News by KMFSLLP 0 Comments

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* Mizuho booked $6.3 bln impairment loss in previous year (Adds details of earnings, context)

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30 Jul UPDATE 2-Lloyds Bank plays down Brexit fears as mis-selling charge hits profits again

Posted at 08:56h in News by KMFSLLP 0 Comments

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* Shares fall 4% (Adds comments, share price reaction, Brexit impact)

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30 Jul UPDATE 2-Credit Suisse hails cost discipline as net profit jumps 45%

Posted at 08:46h in News by KMFSLLP 0 Comments

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* Q2 net profit 937 million Swiss francs vs forecast 788 million

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30 Jul Stability in Hong Kong key for Singapore businesses – minister

Posted at 08:34h in News by KMFSLLP 0 Comments

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Prolonged turmoil in Hong Kong could jeopardise regional financial stability, and that would outweigh any short-term gain for Singapore from flows of funds from investors worried about protests there, a Singapore government minister said.