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News

19 Oct ‘Dr. Doom’, Marc Faber, removed from more boards after comments on race

Posted at 20:23h in News by KMFSLLP 0 Comments

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NEW YORK, Oct 20 (Reuters) - Marc Faber, the markets prognosticator known as "Dr. Doom," has been dismissed from three more company boards after comments in his latest newsletter this week suggested the United States had only prospered because it was settled by white people.

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19 Oct Creditors win closely watched appeal in Momentive bankruptcy

Posted at 20:13h in News by KMFSLLP 0 Comments

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WILMINGTON, Del., Oct 20 (Reuters) - A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders.

19 Oct UPDATE 2-Wells Fargo regulatory woes continue in autos, forex -reports

Posted at 20:12h in News by KMFSLLP 0 Comments

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Oct 20 (Reuters) - Wells Fargo & Co is facing fresh regulatory scrutiny in both its consumer and institutional businesses, according to reports in the New York Times and Wall Street Journal on Friday, as the third-largest U.S. bank continues to work through a prolonged scandal over its...

19 Oct Lawyer charged alongside Martin Shkreli goes on trial

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NEW YORK, Oct 20 (Reuters) - Jurors were presented with a stark choice during opening statements Friday in the trial of Evan Greebel, the lawyer charged with conspiracy alongside former drug executive Martin Shkreli: was he Shkreli's "right hand man," or a victim of his deceit?

19 Oct Bitcoin soars to record high above $6,000

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NEW YORK, Oct 20 (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole...

19 Oct Activist investor RBR wants to build $1 bln stake in Credit Suisse

Posted at 18:54h in News by KMFSLLP 0 Comments

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* RBR CEO says trying to raise at least $1 bln to buy more shares

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19 Oct U.S. oil drillers cut rigs for a third week in a row -Baker Hughes

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By Scott DiSavino Oct 20 (Reuters) - The U.S. oil rig count fell for a third week in a row, extending a two-month drilling decline, although producers have sharply ramped up bets against a fall in oil prices, which could spur another investment surge. ...

19 Oct UPDATE 5-GE vows $20 bln asset sales, ‘sweeping change’ as profit falls

Posted at 16:56h in News by KMFSLLP 0 Comments

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NEW YORK, Oct 20 (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.

19 Oct TREASURIES-U.S. yields resume rise on Fed’s Yellen lunch at White House

Posted at 16:40h in News by KMFSLLP 0 Comments

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NEW YORK, Oct 20 (Reuters) - U.S. Treasury yields resumed their rise on Friday reversing a modest pullback after a White House official said Federal Reserve Chair Janet Yellen was in the White House for lunch with President Donald Trump's economic adviser Gary Cohn.

19 Oct UPDATE 2-Ericsson, Volvo lead European stocks in earnings driven session

Posted at 16:37h in News by KMFSLLP 0 Comments

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* U.S. tax reform progress lifts banks, risky sectors (Adds closing prices)

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News

19 Oct ‘Dr. Doom’, Marc Faber, removed from more boards after comments on race

19 Oct Creditors win closely watched appeal in Momentive bankruptcy

19 Oct UPDATE 2-Wells Fargo regulatory woes continue in autos, forex -reports

19 Oct Lawyer charged alongside Martin Shkreli goes on trial

19 Oct Bitcoin soars to record high above $6,000

19 Oct Activist investor RBR wants to build $1 bln stake in Credit Suisse

19 Oct U.S. oil drillers cut rigs for a third week in a row -Baker Hughes

19 Oct UPDATE 5-GE vows $20 bln asset sales, ‘sweeping change’ as profit falls

19 Oct TREASURIES-U.S. yields resume rise on Fed’s Yellen lunch at White House

19 Oct UPDATE 2-Ericsson, Volvo lead European stocks in earnings driven session

KM Financial Solutions LLP

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