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17 Jun UPDATE 2-S.Africa’s bad debts may hit highest ever level of 10% due to virus

Posted at 10:50h in News by KMFSLLP 0 Comments

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* Bad debts could hit 10% as coronavirus knocks economy - BASA

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17 Jun Indian stocks end over 2% higher after Beijing contains virus outbreak

Posted at 10:49h in News by KMFSLLP 0 Comments

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Indian shares closed higher on Thursday, rising sharply in afternoon trade after Beijing said a fresh coronavirus outbreak was under control.

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17 Jun Hungary aims for quick decision on 3-way bank merger

Posted at 10:39h in News by KMFSLLP 0 Comments

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Hungary plans to decide "very quickly" on a proposed three-bank merger to create the country's second biggest lender, a government minister said, signalling strong political will to push ahead with the project before elections in spring 2022.

17 Jun U.S. attracts record amount of gold from Switzerland as pandemic upends market

Posted at 10:04h in News by KMFSLLP 0 Comments

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Switzerland exported 126.6 tonnes of gold worth around $7 billion to the United States in May - the biggest monthly shipment on record - as high prices in New York continued to pull in metal, customs data showed on Thursday. Swiss shipments to China and...

17 Jun CORRECTED-Black patients with COVID-19 in Atlanta more likely to be hospitalized -CDC

Posted at 10:03h in News by KMFSLLP 0 Comments

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A study of coronovirus patients in Atlanta has found that black patients are more likely to be hospitalized than white patients, highlighting racial disparities in the U.S. healthcare system, researchers from the Centers for Disease Control and Prevention (CDC) said on Wednesday.

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17 Jun BIS: Non-banks dollar funding market activities need more transparency

Posted at 10:01h in News by KMFSLLP 0 Comments

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The rising significance of non-banks has increased the speed and scope of stress transmission through the global financial system at a time when the importance of the U.S. dollar has grown, the Bank for International Settlements said.

17 Jun KKR to buy Dutch vacation park operator Roompot

Posted at 09:52h in News by KMFSLLP 0 Comments

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U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.

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17 Jun British oil major BP raises nearly $12 billion in hybrid bonds issue

Posted at 09:47h in News by KMFSLLP 0 Comments

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British oil major BP Plc has raised $11.9 billion in debt through an issue of hybrid bonds in multiple currencies, a spokeswoman told Reuters in an emailed statement, as the company seeks to take advantage of low interest rates to fortify its balance sheet.

17 Jun UPDATE 1-JPMorgan gets China’s nod for first fully foreign-owned futures business

Posted at 09:47h in News by KMFSLLP 0 Comments

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China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.

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17 Jun REFILE-UPDATE 2-Indonesia makes year’s 3rd rate cut, signals more easing to fight pandemic

Posted at 09:36h in News by KMFSLLP 0 Comments

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Indonesia's central bank on Thursday cut its benchmark rate for the third time this year and signalled it may ease further, as Southeast Asia's largest economy struggles to avoid a recession amid the broadening fallout of the coronavirus pandemic.

News

17 Jun UPDATE 2-S.Africa’s bad debts may hit highest ever level of 10% due to virus

17 Jun Indian stocks end over 2% higher after Beijing contains virus outbreak

17 Jun Hungary aims for quick decision on 3-way bank merger

17 Jun U.S. attracts record amount of gold from Switzerland as pandemic upends market

17 Jun CORRECTED-Black patients with COVID-19 in Atlanta more likely to be hospitalized -CDC

17 Jun BIS: Non-banks dollar funding market activities need more transparency

17 Jun KKR to buy Dutch vacation park operator Roompot

17 Jun British oil major BP raises nearly $12 billion in hybrid bonds issue

17 Jun UPDATE 1-JPMorgan gets China’s nod for first fully foreign-owned futures business

17 Jun REFILE-UPDATE 2-Indonesia makes year’s 3rd rate cut, signals more easing to fight pandemic

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