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10 May Qatar to reopen money exchange services on Tuesday

Posted at 23:18h in News by KMFSLLP 0 Comments

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Qatar will allow money exchange service offices to reopen with mandatory precautionary measures as of May 12, state news agency QNA reported on Tuesday.

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10 May BlackRock’s top investor PNC Financial to sell entire stake

Posted at 23:00h in News by KMFSLLP 0 Comments

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PNC Financial Services Group Inc plans to sell its entire 22% stake in the world's largest asset manager BlackRock Inc, the U.S. bank said on Monday, exiting one its most attractive investments after more than two decades.

10 May First State Investments to buy New Zealand’s Ultrafast Fibre for $518.6 mln

Posted at 22:56h in News by KMFSLLP 0 Comments

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Global investment manager First State Investments will buy New Zealand's Ultrafast Fibre Ltd for NZ$854 million ($518.63 million) from WEL Networks Ltd and Waipa Networks Ltd, the electricity distributors said on Tuesday.

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10 May UPDATE 2-Simon to reopen half of retail properties by next week amid tenant bankruptcies

Posted at 22:43h in News by KMFSLLP 0 Comments

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Simon Property Group, the biggest U.S. mall operator, said on Monday it would have about half of its over 200 retail properties in the country open within the next week, even as some of its major retail tenants struggle to say afloat

10 May Boris Johnson draws criticism over return to work guidance

Posted at 22:35h in News by KMFSLLP 0 Comments

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Labour and union leaders urge government to provide more protection for blue-collar workers

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10 May Strip clubs, other ‘disfavored’ businesses entitled to emergency loans in pandemic -U.S. judge

Posted at 22:03h in News by KMFSLLP 0 Comments

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A U.S. judge ruled on Monday that strip clubs cannot be blocked from obtaining emergency federal loans during the coronavirus pandemic, and declared invalid a rule barring a wide range of businesses from obtaining those loans.

10 May UPDATE 2-Bitcoin goes through third ‘halving’, falls vs U.S. dollar

Posted at 21:42h in News by KMFSLLP 0 Comments

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* Market participants see further upside (Adds new comment, more details, updates prices)

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10 May Potbelly settlement with activists includes twist – stock, not cash, for outlays

Posted at 21:42h in News by KMFSLLP 0 Comments

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Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders' expenses with stock not cash, creating a situation that lawyers call an outlier for now but which they said could find traction in tough economic times.

10 May UPDATE 1-Turkish Wealth Fund to inject 21 bln lira capital to state banks

Posted at 20:41h in News by KMFSLLP 0 Comments

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Turkey's sovereign wealth fund said on Monday it moved to increase three state banks' core capital by a total of 21 billion lira ($2.97 billion) in an action aimed at supporting capital structure and adequacy.

10 May CORRECTED-Mall operator Simon Property posts 20% fall in quarterly profit

Posted at 20:35h in News by KMFSLLP 0 Comments

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Simon Property Group reported a 20.2% decline in quarterly profit on Monday as the mall operator's was forced to temporarily close all its U.S. retail properties in March due to the COVID-19 pandemic.

News

10 May Qatar to reopen money exchange services on Tuesday

10 May BlackRock’s top investor PNC Financial to sell entire stake

10 May First State Investments to buy New Zealand’s Ultrafast Fibre for $518.6 mln

10 May UPDATE 2-Simon to reopen half of retail properties by next week amid tenant bankruptcies

10 May Boris Johnson draws criticism over return to work guidance

10 May Strip clubs, other ‘disfavored’ businesses entitled to emergency loans in pandemic -U.S. judge

10 May UPDATE 2-Bitcoin goes through third ‘halving’, falls vs U.S. dollar

10 May Potbelly settlement with activists includes twist – stock, not cash, for outlays

10 May UPDATE 1-Turkish Wealth Fund to inject 21 bln lira capital to state banks

10 May CORRECTED-Mall operator Simon Property posts 20% fall in quarterly profit

KM Financial Solutions LLP

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