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News

03 Mar UPDATE 2-Spanish banks under pressure after WiZink credit card ruling

Posted at 16:32h in News by KMFSLLP 0 Comments

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* Shares in Bankinter, Sabadell and Caixabank fall (Adds analyst comment, detail on revolving credit)

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03 Mar UPDATE 3-GE says coronavirus will hit first-quarter cash flow, sticks to full-year forecast

Posted at 16:31h in News by KMFSLLP 0 Comments

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General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.

03 Mar UPDATE 1-IMF chief says coronavirus wipes out hopes for faster growth in 2020

Posted at 16:14h in News by KMFSLLP 0 Comments

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The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected.

03 Mar UPDATE 2-Saudi Arabia suspends pilgrimages for Saudi citizens and residents

Posted at 16:09h in News by KMFSLLP 0 Comments

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Saudi Arabia, which has already suspended pilgrimages to the two holy cities of Mecca and Medina for foreigners due to coronavirus concerns, extended the ban on Wednesday to Saudi citizens and residents, state news agency SPA reported.

03 Mar UPDATE 3-Most Lebanese MPs oppose paying debt, even if it means default – Berri

Posted at 16:04h in News by KMFSLLP 0 Comments

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A majority of Lebanese MPs oppose paying looming Eurobond maturities, even if that leads to default, Parliament Speaker Nabih Berri said on Wednesday, compounding doubts over whether the heavily indebted state will meet a March 9 repayment.

03 Mar Top stockpicker Michael Baron bets on research, not nerves

Posted at 15:54h in News by KMFSLLP 0 Comments

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As one of America's top stockpickers, Michael Baron faces significant exposure to the spreading coronavirus epidemic, which has posed a challenge for travel companies like Hyatt Hotels and Norwegian Cruise Line Holdings.

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03 Mar UPDATE 4-Coronavirus has spread to nearly all Iran provinces -president

Posted at 15:51h in News by KMFSLLP 0 Comments

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Coronavirus has spread to almost all of Iran's provinces but the country will get through the outbreak with a "minimum" number of deaths, President Hassan Rouhani said on Wednesday.

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03 Mar UPDATE 2-Bank of Canada slashes rates amid coronavirus fears, markets see another cut

Posted at 15:48h in News by KMFSLLP 0 Comments

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The Bank of Canada slashed its benchmark interest rate to 1.25% from 1.75% on Wednesday in the face of a coronavirus outbreak and said it was prepared to cut again if needed to support growth.

03 Mar US STOCKS-Wall St jumps after Biden’s Super Tuesday surge

Posted at 15:19h in News by KMFSLLP 0 Comments

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* Indexes up: Dow 1.72%, S&P 1.26%, Nasdaq 1.02% (Updates to open)

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03 Mar India pushes state banks to boost lending as coronavirus fears grow – sources

Posted at 15:16h in News by KMFSLLP 0 Comments

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India is pushing state-run banks to approve new loans amounting to 500-600 billion rupees ($6.8-8.2 billion) by the end of March, according to two government sources, as authorities seek to shore up a stuttering economy as the coronavirus spreads.

News

03 Mar UPDATE 2-Spanish banks under pressure after WiZink credit card ruling

03 Mar UPDATE 3-GE says coronavirus will hit first-quarter cash flow, sticks to full-year forecast

03 Mar UPDATE 1-IMF chief says coronavirus wipes out hopes for faster growth in 2020

03 Mar UPDATE 2-Saudi Arabia suspends pilgrimages for Saudi citizens and residents

03 Mar UPDATE 3-Most Lebanese MPs oppose paying debt, even if it means default – Berri

03 Mar Top stockpicker Michael Baron bets on research, not nerves

03 Mar UPDATE 4-Coronavirus has spread to nearly all Iran provinces -president

03 Mar UPDATE 2-Bank of Canada slashes rates amid coronavirus fears, markets see another cut

03 Mar US STOCKS-Wall St jumps after Biden’s Super Tuesday surge

03 Mar India pushes state banks to boost lending as coronavirus fears grow – sources

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