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18 May Sri Lankan market boosted by consumer staples, financial stocks

Posted at 12:15h in News by KMFSLLP 0 Comments

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The Sri Lankan market closed higher for a fifth straight session on Tuesday, helped by a rise in consumer staples and financial stocks.

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18 May Three quarters of Singapore economy will resume operations from June 2 – govt

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

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Singapore will see three-quarters of its economy resume normal operations when curbs to fight the coronavirus are eased from June 2, although the relaxing of measures will likely see a rise in daily cases, its government said on Tuesday.

18 May Seven soldiers killed in militant attacks in southwest Pakistan

Posted at 12:02h in News by KMFSLLP 0 Comments

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Militants killed seven Pakistani soldiers in two attacks in the country's mineral-rich southwestern province of Balochistan, the military said on Tuesday.

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18 May Brexit Britain tilts to the US, not to China

Posted at 12:00h in News by KMFSLLP 0 Comments

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Failure to cut a deal with EU will complicate UK trade policy

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18 May Lobby calls on EU for extra capital easing to help banks lend more

Posted at 11:53h in News by KMFSLLP 0 Comments

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A banking lobby group called on Tuesday for the European Union to further soften a capital measure to ensure banks do not run out of headroom to help companies hit by the coronavirus crisis.

18 May CORRECTED-UPDATE 2-Coffee maker JDE Peet’s looks to wake up sleepy IPO market

Posted at 11:48h in News by KMFSLLP 0 Comments

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* JDE Peet's says market has stabilised, coffee demand resilient

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18 May Ex-Lloyds finance chief George Culmer takes Aviva Chairman role

Posted at 11:39h in News by KMFSLLP 0 Comments

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Aviva on Tuesday named former Lloyds Banking Group finance chief George Culmer as its chairman, as the British insurer grapples with the fallout of the coronavirus crisis.

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18 May UPDATE 2-Home Depot misses profit estimates as coronavirus costs weigh

Posted at 11:36h in News by KMFSLLP 0 Comments

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Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic.

18 May UPDATE 3-Compass shares drop as it seeks cash to cope with crisis

Posted at 11:32h in News by KMFSLLP 0 Comments

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* Shares fall as much as 11% (Updates with indications on issue price, deeper share falls)

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18 May UPDATE 1-Powell, Mnuchin to face Senate grilling on U.S. coronavirus response

Posted at 11:25h in News by KMFSLLP 0 Comments

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The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.

News

18 May Sri Lankan market boosted by consumer staples, financial stocks

18 May Three quarters of Singapore economy will resume operations from June 2 – govt

18 May Seven soldiers killed in militant attacks in southwest Pakistan

18 May Brexit Britain tilts to the US, not to China

18 May Lobby calls on EU for extra capital easing to help banks lend more

18 May CORRECTED-UPDATE 2-Coffee maker JDE Peet’s looks to wake up sleepy IPO market

18 May Ex-Lloyds finance chief George Culmer takes Aviva Chairman role

18 May UPDATE 2-Home Depot misses profit estimates as coronavirus costs weigh

18 May UPDATE 3-Compass shares drop as it seeks cash to cope with crisis

18 May UPDATE 1-Powell, Mnuchin to face Senate grilling on U.S. coronavirus response

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