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17 Mar UPDATE 4-Japan’s Abe to launch panel to mull big stimulus package – source

Posted at 03:31h in News by KMFSLLP 0 Comments

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* Discussion to lay groundwork for spending package due April

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17 Mar UPDATE 2-Samsung flags chip recovery, shrinking phone market amid coronavirus outbreak

Posted at 03:26h in News by KMFSLLP 0 Comments

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* Pandemic will pressure consumer electronics market- Samsung Elec

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17 Mar BOJ’s Kuroda says Japan banks, firms not facing trouble procuring dollars

Posted at 03:22h in News by KMFSLLP 0 Comments

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Bank of Japan Governor Haruhiko Kuroda said on Wednesday Japanese financial institutions and companies have so far not faced difficulty procuring dollar funds.

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17 Mar Australian shares knocked down by recession fears

Posted at 02:58h in News by KMFSLLP 0 Comments

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Australian shares fell almost 5.5% on Wednesday, wiping out most of the gains made in the last session's rebound, as fears of a coronavirus-induced recession outweighed stimulus measures aimed at cushioning the hit from the worsening epidemic.

17 Mar UPDATE 2-S.Korea loosens FX derivative rules to ease critical dollar shortage

Posted at 02:53h in News by KMFSLLP 0 Comments

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South Korea on Wednesday said it will relax a key foreign exchange regulation to encourage banks to supply more dollars in local markets as the coronavirus pandemic drives a global rush for the U.S. currency.

17 Mar UPDATE 3-HSBC appoints insider Quinn as CEO amid growth headwinds

Posted at 02:47h in News by KMFSLLP 0 Comments

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* Hong Kong HSBC shares rise nearly 3% after announcement (Adds Hong Kong share reaction)

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17 Mar UPDATE 2-Wall Street’s funding markets exhale after Fed moves to boost short-term liquidity

Posted at 02:22h in News by KMFSLLP 0 Comments

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Fears of a credit crunch in Wall Street's cash-starved funding markets eased Tuesday after the Federal Reserve announced a series of moves aimed at bolstering liquidity and improving investor confidence amid a spreading coronavirus pandemic.

17 Mar UPDATE 3-Canada’s “Big Six” banks to limit hours, close branches in coronavirus fight

Posted at 01:53h in News by KMFSLLP 0 Comments

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Canada's six largest banks will temporarily limit operating hours and close some branches as part of measures to support social distancing and curb the outbreak of the novel coronavirus, the Canadian Bankers Association said on Tuesday.

17 Mar RPT-COLUMN-Will aluminium heed the lesson from last demand shock?: Andy Home

Posted at 01:00h in News by KMFSLLP 0 Comments

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China's aluminium smelters lifted production by 2.4% over the first two months of this year.

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17 Mar UPDATE 2-SoftBank lays ground to abandon $3 bln WeWork tender offer -sources

Posted at 00:55h in News by KMFSLLP 0 Comments

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SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm has not met the conditions for the deal, people familiar with the matter said on Tuesday.

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News

17 Mar UPDATE 4-Japan’s Abe to launch panel to mull big stimulus package – source

17 Mar UPDATE 2-Samsung flags chip recovery, shrinking phone market amid coronavirus outbreak

17 Mar BOJ’s Kuroda says Japan banks, firms not facing trouble procuring dollars

17 Mar Australian shares knocked down by recession fears

17 Mar UPDATE 2-S.Korea loosens FX derivative rules to ease critical dollar shortage

17 Mar UPDATE 3-HSBC appoints insider Quinn as CEO amid growth headwinds

17 Mar UPDATE 2-Wall Street’s funding markets exhale after Fed moves to boost short-term liquidity

17 Mar UPDATE 3-Canada’s “Big Six” banks to limit hours, close branches in coronavirus fight

17 Mar RPT-COLUMN-Will aluminium heed the lesson from last demand shock?: Andy Home

17 Mar UPDATE 2-SoftBank lays ground to abandon $3 bln WeWork tender offer -sources

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