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News

15 Jun Greggs set to reopen 800 stores but warns of lower sales

Posted at 12:01h in News by KMFSLLP 0 Comments

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Food-to-go chain scraps plans for new openings and looks to cut rents due to uncertain outlook

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15 Jun UPDATE 1-Sharjah Islamic Bank sells $500 million in five-year sukuk – document

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

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Sharjah Islamic Bank sold $500 million in five-year U.S. dollar-denominated sukuk at 2.85% on Tuesday, a document showed.

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15 Jun Turkish ex-wrestler’s appointment to state bank angers opposition

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Turkey's opposition parties are criticizing the appointment of a former wrestling champion to a state bank's board, calling on him to reject the position for lack of banking competence.

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15 Jun Brazil’s Oi amends bankruptcy plan to add sale of mobile unit

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Brazilian telecoms firm Oi SA announced late on Monday a proposed plan that, if approved by creditors, would allow the company to exit a long bankruptcy restructuring process that began in 2016.

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15 Jun UK names former Goldman partner Hall to BoE committee

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Britain's government said it had appointed Jonathan Hall, a portfolio manager at hedge fund Eisler Capital and former partner at Goldman Sachs, to serve as an external member on the Bank of England's Financial Policy Committee.

15 Jun M&G keeps UK $3.2 bln property fund frozen after six-month suspension

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Insurer and asset manager M&G is keeping its $3.2 billion UK Property Portfolio suspended following a six-month freeze, as it could not assess the value of its real estate assets accurately due to the coronavirus crisis, it said on Tuesday.

15 Jun UPDATE 3-European shares bounce 2% as stimulus boosts recovery hopes

Posted at 11:26h in News by KMFSLLP 0 Comments

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* Cineworld jumps after saying all theatres to reopen by July

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15 Jun MEDIA-Abu Dhabi’s ADQ in talks for loans to fund acquisition spree – Bloomberg News

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-- Note: Reuters has not verified this story and does not vouch for its accuracy

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15 Jun China’s economy may grow 3% in 2020, government researcher says

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China's economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank.

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15 Jun FOCUS-U.S. health insurers may balk at paying for coronavirus antibody testing

Posted at 11:00h in News by KMFSLLP 0 Comments

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U.S. health insurers may balk at covering tests that look for coronavirus antibodies in some cases, arguing that employers or the government should foot a bill expected to run into billions of dollars.

News

15 Jun Greggs set to reopen 800 stores but warns of lower sales

15 Jun UPDATE 1-Sharjah Islamic Bank sells $500 million in five-year sukuk – document

15 Jun Turkish ex-wrestler’s appointment to state bank angers opposition

15 Jun Brazil’s Oi amends bankruptcy plan to add sale of mobile unit

15 Jun UK names former Goldman partner Hall to BoE committee

15 Jun M&G keeps UK $3.2 bln property fund frozen after six-month suspension

15 Jun UPDATE 3-European shares bounce 2% as stimulus boosts recovery hopes

15 Jun MEDIA-Abu Dhabi’s ADQ in talks for loans to fund acquisition spree – Bloomberg News

15 Jun China’s economy may grow 3% in 2020, government researcher says

15 Jun FOCUS-U.S. health insurers may balk at paying for coronavirus antibody testing

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