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05 Nov UPDATE 2-Australia’s NAB profit down 10.6%, dividend cut, raising funds

Posted at 23:02h in News by KMFSLLP 0 Comments

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* A$5.1bln cash earnings for FY19 slightly worse than expected

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05 Nov Senate leader McConnell backs bill to protect coal miner pensions

Posted at 22:56h in News by KMFSLLP 0 Comments

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Senate majority leader Mitch McConnell joined a bipartisan group of senators on Wednesday in introducing a bill to secure the pensions for nearly 90,000 retired coal miners as a recent wave of coal company bankruptcies threatens the solvency of the federal pension fund.

05 Nov Colombia central bank technical team predicts more expansive rate

Posted at 22:43h in News by KMFSLLP 0 Comments

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The technical team at Colombia's central bank sees a more expansive interest rate next year than that predicted by the market, the team's director said on Wednesday.

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05 Nov Judge shields OxyContin-maker Purdue from litigation until April

Posted at 22:24h in News by KMFSLLP 0 Comments

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Purdue Pharma LP and the company's Sackler family owners will be shielded until April 8, 2020, from sprawling opioid litigation to give the maker of OxyContin time to try to reach a legal settlement the company says is worth $10 billion.

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05 Nov Amazon adds Zip Co’s buy now, pay later platform to its Australia website

Posted at 22:17h in News by KMFSLLP 0 Comments

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Australia's Zip Co Ltd said on Thursday that Amazon Inc's local unit will offer its buy now, pay later platform as a payment option, a sign of its growing popularity despite heightened regulatory scrutiny.

05 Nov REUTERS SUMMIT-U.S. profits may whimper, while China stocks roar -Bernstein

Posted at 22:17h in News by KMFSLLP 0 Comments

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The U.S. economy is in the late stages of a decade-long expansion, prompting longtime market strategist Richard Bernstein to worry about a downturn in corporate profitability, and look to faster-growing China to fuel returns.

05 Nov UPDATE 2-Square profit tops estimates on growth in subscription and services business

Posted at 22:08h in News by KMFSLLP 0 Comments

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Payments processor Square Inc beat analysts' estimates for quarterly profit on Wednesday, as it earned more from its subscription and services business, especially from its Bitcoin-friendly Cash App.

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05 Nov UPDATE 1-French lottery valued more than $3.3 bln in IPO prospectus

Posted at 21:53h in News by KMFSLLP 0 Comments

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* Final share price determined Nov. 21 (Recasts with details in IPO prospectus, background)

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05 Nov Australian shares set to rise on miners, NZ ticks up

Posted at 21:38h in News by KMFSLLP 0 Comments

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Australian shares are likely to rise on Thursday, with the heavyweight mining stocks expected to benefit from firmer iron ore prices, although a report on a possible delay in the U.S.-China trade deal could weigh on sentiment. A senior official of the Trump administration...

05 Nov UPDATE 1-Fox Corp profit beats on higher affiliate revenue

Posted at 21:38h in News by KMFSLLP 0 Comments

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Fox Corp beat analysts' estimates for quarterly profit on Wednesday, as it collected higher fees from cable and satellite operators, online distributors and digital television content licensees, sending its shares up 2.4% after market.

News

05 Nov UPDATE 2-Australia’s NAB profit down 10.6%, dividend cut, raising funds

05 Nov Senate leader McConnell backs bill to protect coal miner pensions

05 Nov Colombia central bank technical team predicts more expansive rate

05 Nov Judge shields OxyContin-maker Purdue from litigation until April

05 Nov Amazon adds Zip Co’s buy now, pay later platform to its Australia website

05 Nov REUTERS SUMMIT-U.S. profits may whimper, while China stocks roar -Bernstein

05 Nov UPDATE 2-Square profit tops estimates on growth in subscription and services business

05 Nov UPDATE 1-French lottery valued more than $3.3 bln in IPO prospectus

05 Nov Australian shares set to rise on miners, NZ ticks up

05 Nov UPDATE 1-Fox Corp profit beats on higher affiliate revenue

KM Financial Solutions LLP

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