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News

07 Apr Saudi Arabia’s PIF buys stakes worth $1 bln in European oil cos amid industry downturn

Posted at 23:27h in News by KMFSLLP 0 Comments

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Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major European oil companies, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

07 Apr REFILE-BlackRock will not layoff employees due to COVID-19 pandemic – CEO

Posted at 23:12h in News by KMFSLLP 0 Comments

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BlackRock Inc, the world's largest asset manager, will not layoff any employees during the year due to the coronavirus outbreak, Chief Executive Officer Larry Fink said on Wednesday.

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07 Apr UPDATE 7-Zoom hires ex-Facebook security chief as Google bans desktop app

Posted at 23:04h in News by KMFSLLP 0 Comments

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Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.

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07 Apr Virus lockdown threatens $60 billion in UK dividends – report

Posted at 23:01h in News by KMFSLLP 0 Comments

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UK-listed companies could cancel about $60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.

07 Apr As delivery workers emerge as frontline soldiers, India’s government warms to e-commerce

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

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Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers - but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.

07 Apr Libya’s Serraj blames central bank amid oil blockade

Posted at 22:40h in News by KMFSLLP 0 Comments

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Libya's internationally recognised prime minister Fayez al-Serraj on Wednesday said Central Bank of Libya governor Sadiq al-Kabir was to blame for the recent non-payment of salaries to state workers and the non-issuance of letters of credit.

07 Apr Australia shares poised to open higher, NZ up

Posted at 22:32h in News by KMFSLLP 0 Comments

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Australian shares are set to open higher on Thursday tracking Wall Street gains as hopes of a peak in the coronavirus outbreak in the U.S. bolstered sentiment, with strength in oil futures and iron ore prices likely to benefit index heavyweights. The local share price index...

07 Apr UPDATE 2-Congo president’s chief of staff arrested amid graft probe

Posted at 22:26h in News by KMFSLLP 0 Comments

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Vital Kamerhe, the chief of staff to the president of Democratic Republic of Congo, was arrested on Wednesday after testifying in an investigation into the alleged misappropriation of public funds, police said.

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07 Apr UPDATE 1-Hundreds of U.S. lenders get access to small-business rescue program with new system launch

Posted at 21:55h in News by KMFSLLP 0 Comments

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The U.S. government's $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a system that will allow hundreds of new lenders to participate in the unprecedented scheme.

07 Apr UPDATE 2-Brazilian banks may have to extend debt moratorium

Posted at 21:50h in News by KMFSLLP 0 Comments

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Brazilian banks may have to extend a moratorium on loan payments by consumers and small businesses beyond an initial two-month time frame, Banco Bradesco SA's chief executive said on Wednesday, as the coronavirus crisis squeezes Latin America's biggest economy.

News

07 Apr Saudi Arabia’s PIF buys stakes worth $1 bln in European oil cos amid industry downturn

07 Apr REFILE-BlackRock will not layoff employees due to COVID-19 pandemic – CEO

07 Apr UPDATE 7-Zoom hires ex-Facebook security chief as Google bans desktop app

07 Apr Virus lockdown threatens $60 billion in UK dividends – report

07 Apr As delivery workers emerge as frontline soldiers, India’s government warms to e-commerce

07 Apr Libya’s Serraj blames central bank amid oil blockade

07 Apr Australia shares poised to open higher, NZ up

07 Apr UPDATE 2-Congo president’s chief of staff arrested amid graft probe

07 Apr UPDATE 1-Hundreds of U.S. lenders get access to small-business rescue program with new system launch

07 Apr UPDATE 2-Brazilian banks may have to extend debt moratorium

KM Financial Solutions LLP

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