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News

17 Sep Schibsted to spin off international online classifieds in IPO

Posted at 08:58h in News by KMFSLLP 0 Comments

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Media group Schibsted will spin off its international online classified ads operations in an initial public offering, the Norwegian company said on Tuesday, sending its shares surging more than 10 percent.

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17 Sep UPDATE 1-European shares follow Asia up after new U.S. trade salvo

Posted at 08:57h in News by KMFSLLP 0 Comments

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European shares followed their Asian peers upwards after U.S. President Donald Trump imposed 10 percent tariffs on an additional $200 billion worth of Chinese imports and warned of duties on more products if China took retaliatory action.

17 Sep FTSE steadies after US tariff decision; tobacco stocks weigh

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

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The UK's top share index steadied in morning trade on Tuesday, weighed down by losses among tobacco stocks, although investors took in their stride Washington's decision to go ahead with 10 percent tariffs on another $200 billion of Chinese goods.

17 Sep Abu Dhabi Islamic aims to boost lending after capital increase

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

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Abu Dhabi Islamic Bank expects to increase lending in 2018 after boosting its capital, its acting chief executive said, adding that the rate of profit growth will slow as the sharia-compliant bank battles against a sluggish economy.

17 Sep UPDATE 2-Marsh & McLennan to buy UK broker JLT for $5.7 bln

Posted at 08:16h in News by KMFSLLP 0 Comments

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Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business.

17 Sep Japan average land prices rise for 1st time in 27 yrs -govt survey

Posted at 07:50h in News by KMFSLLP 0 Comments

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Japan's average land prices rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, a government survey showed on Tuesday.

17 Sep ECB’s Villeroy urges deal on bank resolution backstop by end of year

Posted at 07:48h in News by KMFSLLP 0 Comments

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The euro zone needs to agree on the details of a backstop for its planned bank resolution fund by the end of the year, European Central Bank policymaker Francois Villeroy de Galhau said on Tuesday.

17 Sep Allianz’s Australian unit handed back unfavourable governance report – inquiry

Posted at 07:47h in News by KMFSLLP 0 Comments

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An Australian inquiry into financial sector misconduct heard on Tuesday the local insurance unit of Germany's Allianz SE commissioned an independent review of its culture, but then handed the report back because it didn't like the findings.

17 Sep European shares little moved by U.S. trade war salvo

Posted at 07:29h in News by KMFSLLP 0 Comments

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European shares opened little changed after U.S. President Donald Trump imposed 10 percent tariffs on an additional $200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action.