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News

14 Apr Universal credit claims running at up to 3 times normal rate

Posted at 16:03h in News by KMFSLLP 0 Comments

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Civil servant in charge of welfare reform programme says events are ‘truly seismic’

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14 Apr UPDATE 2-Saudi king approves more private sector coronavirus crisis aid

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Saudi Arabia's King Salman has approved an additional package of measures to help the private sector deal with the economic impact of the coronavirus outbreak, its finance minister said.

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14 Apr UK banks have ample funds to help pandemic-hit economy – BoE’s Woods

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Britain's banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a government watchdog, Bank of England Deputy Governor Sam Woods said on Wednesday.

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14 Apr IMF sees crisis-hit Lebanon’s output shrinking 12% in 2020

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The International Monetary Fund (IMF) on Wednesday said it expected Lebanon's GDP would shrink 12% in 2020, amid a financial crisis that has drained the country of hard currency and prompted it to default on debt payments.

14 Apr UPDATE 1-Coronavirus crimps global debt issuance volumes -LSE

Posted at 15:39h in News by KMFSLLP 0 Comments

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London Stock Exchange Group said it saw a marginal decline in year-on-year global debt issuance volumes in the first quarter, despite a flurry of public sector and investment grade activity in March as the coronavirus pandemic intensified.

14 Apr CORRECTED-UPDATE 1-Berkshire Hathaway to take Occidental shares instead of cash dividends

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Warren Buffett's Berkshire Hathaway Inc agreed to take Occidental Petroleum Corp common shares in lieu of a first quarter cash dividend, helping relieve the strain on the trouble oil giant's balance sheet.

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14 Apr UPDATE 1-UK and EU agree three negotiating rounds for post-Brexit deal

Posted at 15:32h in News by KMFSLLP 0 Comments

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Britain and the European Union agreed dates for three, week-long negotiating rounds to reach a post-Brexit deal on their future relationship, a joint statement said on Wednesday, with a high-level review of progress in June.

14 Apr UPDATE 3-Bank of America gives dour economic outlook, profit falls

Posted at 15:27h in News by KMFSLLP 0 Comments

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Bank of America Corp reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus and setting aside an additional $3.6 billion to cover potential losses.

14 Apr UPDATE 1-Poland’s LPP has no plans to issue shares, bonds after coronavirus hit

Posted at 15:18h in News by KMFSLLP 0 Comments

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Polish clothing retailer LPP expects its financial results to take a hit from the coronavirus pandemic, but doesn't need to issue new shares or bonds to remain solvent, its chief financial officer said on Wednesday.

14 Apr UK and EU agree three week-long negotiating rounds for post-Brexit deal

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

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Britain and the European Union agreed dates for three week-long negotiating rounds to reach a post-Brexit deal on their future relationship, a joint statement said on Wednesday, confirming a high-level review of progress in June.

News

14 Apr Universal credit claims running at up to 3 times normal rate

14 Apr UPDATE 2-Saudi king approves more private sector coronavirus crisis aid

14 Apr UK banks have ample funds to help pandemic-hit economy – BoE’s Woods

14 Apr IMF sees crisis-hit Lebanon’s output shrinking 12% in 2020

14 Apr UPDATE 1-Coronavirus crimps global debt issuance volumes -LSE

14 Apr CORRECTED-UPDATE 1-Berkshire Hathaway to take Occidental shares instead of cash dividends

14 Apr UPDATE 1-UK and EU agree three negotiating rounds for post-Brexit deal

14 Apr UPDATE 3-Bank of America gives dour economic outlook, profit falls

14 Apr UPDATE 1-Poland’s LPP has no plans to issue shares, bonds after coronavirus hit

14 Apr UK and EU agree three week-long negotiating rounds for post-Brexit deal

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