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News

17 Jun UPDATE 1-Berlin’s ballooning rents to be frozen for five years

Posted at 13:18h in News by KMFSLLP 0 Comments

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Berlin's city government on Tuesday decided to freeze rents for five years, heeding residents' complaints that their once famously affordable city was pricing them out.

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17 Jun Russia’s security service searches magnate Yakobashvili’s art gallery – TASS

Posted at 13:10h in News by KMFSLLP 0 Comments

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Russia's Federal Security Service (FSB) searched a Moscow art gallery owned by prominent businessman David Yakobashvili on Tuesday as part of a criminal investigation, TASS news agency cited an unnamed security source as saying.

17 Jun WRAPUP 1-U.S. housing starts fall in May, but trend improving

Posted at 13:10h in News by KMFSLLP 0 Comments

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U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates.

17 Jun UPDATE 2-Woodford under fresh fire as Fidelity curbs investment in second fund

Posted at 13:09h in News by KMFSLLP 0 Comments

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British money manager Neil Woodford faced further pressure on Tuesday after retail platform Fidelity International stopped its customers from making new investments in one of his smaller funds.

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17 Jun Proposed Swedbank Chairman Persson says new CEO could be hired by autumn end

Posted at 12:45h in News by KMFSLLP 0 Comments

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Swedbank's proposed new chairman Goran Persson hopes a new chief executive for the beleaguered bank can be appointed at "end of autumn", he told Dagens Industri TV in an interview on Tuesday.

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17 Jun UPDATE 2-Bourse sanctions loom as EU-Swiss talks stall

Posted at 12:35h in News by KMFSLLP 0 Comments

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Swiss bourses face losing direct access to EU investors from July 1, as the European Commission reported on Tuesday that talks with Bern over a new partnership treaty had failed to progress.

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17 Jun TREASURIES-U.S. yields fall as Draghi hints of more ECB stimulus

Posted at 12:32h in News by KMFSLLP 0 Comments

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U.S. Treasury yields fell in early U.S. trading on Tuesday as global bond markets rallied on comments from European Central Bank chief Mario Draghi hinting at more possible stimulus if regional inflation fails to pick up towards its target.

17 Jun UPDATE 1-Bank of England official flags risk of capital flight from UK

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

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Britain has become increasingly reliant since the 2016 Brexit referendum on "flighty" foreign funding that could be withdrawn at short notice, a Bank of England official said on Tuesday.

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17 Jun UPDATE 1-Hudson’s Bay chairman’s bid unlikely to get full support -Investor Land & Buildings

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

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Activist investor Land & Buildings Investment Management LLC said on Tuesday a C$1.74 billion go-private offer for Hudson's Bay Co from chairman and other shareholders would likely not receive majority approval of remaining shareholders.