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News

23 Jan UPDATE 3-Strong earthquake strikes eastern Turkey, four dead

Posted at 19:35h in News by KMFSLLP 0 Comments

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A powerful earthquake struck eastern Turkey on Friday, killing four people and damaging buildings near the epicentre of the tremor, which was also felt in several neighbouring countries.

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23 Jan U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

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

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Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo, culminating on Thursday in more than$58 million in fines against eight former executives at the bank.

23 Jan After ‘challenging’ 2019, Mexico’s Banorte bets on economic recovery

Posted at 19:10h in News by KMFSLLP 0 Comments

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Grupo Financiero Banorte said on Friday it was expecting the Mexican economy to recover in 2020, which would help lift its banking unit after it suffered a drop in net profit during a difficult last quarter.

23 Jan Private sector confidence bounce points to stronger economy

Posted at 18:59h in News by KMFSLLP 0 Comments

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But markets suggest Bank of England rate decision is on knife edge

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23 Jan RPT-UPDATE 1-Payments processor WEX to acquire eNett and Optal for about $1.7 bln

Posted at 18:54h in News by KMFSLLP 0 Comments

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Fintech company WEX Inc said on Friday it would buy payments services providers eNett and Optal for about $1.7 billion to strengthen its presence in the online travel bookings market, which is expected to grow at about 9% through 2023.

23 Jan UPDATE 3-Finablr stock dives on debt deal in fresh blow to billionaire owner

Posted at 18:53h in News by KMFSLLP 0 Comments

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* Finablr says it sought clarifications from BRS (Adds Finablr statement, graphic)

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23 Jan New industries may spawn Brazilian unicorns in 2020 -executives

Posted at 18:52h in News by KMFSLLP 0 Comments

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Brazil's so-called unicorns, startups valued above $1 billion, are seen expanding in 2020 beyond the industries that have supplied them so far - large fintechs, delivery companies and mobility apps, executives said.

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23 Jan UPDATE 3-Lebanese finance minister to meet IMF official on Saturday

Posted at 18:19h in News by KMFSLLP 0 Comments

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Lebanese Finance Minister Ghazi Wazni will meet with IMF Alternative Executive Director Sami Geadah on Saturday, a finance ministry statement said on Friday, as a new government grapples with a spiralling financial crisis.