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News

02 Mar Fed rate cut soothes, then spooks virus-weary investors

Posted at 19:00h in News by KMFSLLP 0 Comments

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Investors had mixed reactions to Tuesday’s surprise 50 basis-point rate cut from the Federal Reserve, helping fuel a day of swings in stocks and other assets.

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02 Mar UPDATE 1-Gulf’s two largest economies follow Fed rate cuts on coronavirus concerns

Posted at 18:47h in News by KMFSLLP 0 Comments

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Saudi Arabia and the United Arab Emirates, the Gulf's two largest economies, cut key interest rates by 50 basis points on Tuesday, tracking an emergency move taken by the U.S. Federal Reserve to soften the impact of the coronavirus outbreak.

02 Mar UPDATE 4-U.S. Supreme Court conservatives question consumer agency structure

Posted at 18:46h in News by KMFSLLP 0 Comments

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* Trump, Republicans have sought to undermine agency (Adds Chief Justice Roberts quotes)

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02 Mar UPDATE 1-Fidelity 2019 profit rose 10% on strong flows into index and money-market funds

Posted at 18:25h in News by KMFSLLP 0 Comments

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Fidelity Investments said on Tuesday operating profit in 2019 climbed 10% to $6.9 billion as investors pushed their cash into money-market and passively managed products while pulling billions of dollars from actively managed stock funds.

02 Mar Wells Fargo to introduce no overdraft fee bank account, limited overdraft fee account

Posted at 18:25h in News by KMFSLLP 0 Comments

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Wells Fargo & Co said on Tuesday that will launch new bank accounts to limit overdraft fees for customers.

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02 Mar Big Sanders win could add risk to markets already hit by coronavirus

Posted at 18:16h in News by KMFSLLP 0 Comments

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A big victory by Bernie Sanders in Tuesday's contests for the Democratic presidential nomination could add volatility to a market already consumed by the spread of the coronavirus and its economic fallout, analysts and investors said.

02 Mar Albania offers amnesty to curb shadow economy, revive growth

Posted at 18:13h in News by KMFSLLP 0 Comments

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Albania's government plans to offer an amnesty to businesses that have failed to disclose funds or made illegal gains for a fee, in an effort to formalise and revive the economy, open firms' access to capital markets, and plug a budget shortfall.

02 Mar IMF, World Bank to hold virtual spring meetings due to coronavirus – joint statement

Posted at 17:57h in News by KMFSLLP 0 Comments

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The International Monetary Fund and the World Bank on Tuesday said they will adopt a "virtual format" for their Spring Meetings in April instead of convening in Washington, given concerns about the fast-spreading coronavirus.

02 Mar UPDATE 1-Robinhood restores app services after suffering outage again

Posted at 17:45h in News by KMFSLLP 0 Comments

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Robinhood Markets Inc said on Tuesday it has restored services for its stock trading app after it faced an outage for a second straight day.

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02 Mar UPDATE 2-European shares rise as traders bet on more stimulus after Fed rate cut

Posted at 17:45h in News by KMFSLLP 0 Comments

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* Qiagen soars on Thermo Fisher bid (Adds comments, details; updates prices)

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News

02 Mar Fed rate cut soothes, then spooks virus-weary investors

02 Mar UPDATE 1-Gulf’s two largest economies follow Fed rate cuts on coronavirus concerns

02 Mar UPDATE 4-U.S. Supreme Court conservatives question consumer agency structure

02 Mar UPDATE 1-Fidelity 2019 profit rose 10% on strong flows into index and money-market funds

02 Mar Wells Fargo to introduce no overdraft fee bank account, limited overdraft fee account

02 Mar Big Sanders win could add risk to markets already hit by coronavirus

02 Mar Albania offers amnesty to curb shadow economy, revive growth

02 Mar IMF, World Bank to hold virtual spring meetings due to coronavirus – joint statement

02 Mar UPDATE 1-Robinhood restores app services after suffering outage again

02 Mar UPDATE 2-European shares rise as traders bet on more stimulus after Fed rate cut

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