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27 Aug UPDATE 1-Kenya’s Nation Media Group first-half profit falls 24%

Posted at 06:57h in News by KMFSLLP 0 Comments

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Kenya's Nation Media Group said its pretax profit fell 24% in the first half of this year, hurt by slowing turnover due to falling advertising revenue.

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27 Aug UPDATE 1-UK holiday firm Thomas Cook agrees key terms of rescue deal

Posted at 06:57h in News by KMFSLLP 0 Comments

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British tour operator Thomas Cook Group said on Wednesday it had reached substantial agreement on the key commercial terms of a rescue package with investor Fosun Tourism, its banks and a majority of its bondholders.

27 Aug Australian shares rise as mining gains outpace downbeat banks, NZ also up

Posted at 06:44h in News by KMFSLLP 0 Comments

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Australian shares ended higher on Wednesday, with investors favouring mining stocks over their banking counterparts as a deepening U.S. debt yield curve inversion raised concerns over margin pressure for lenders.

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27 Aug UK holiday firm Thomas Cook agrees key terms of rescue deal

Posted at 06:22h in News by KMFSLLP 0 Comments

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Thomas Cook Group said on Wednesday it had agreed the key commercial terms of a rescue package with investor Fosun Tourism, its banks and a majority of its bondholders.

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27 Aug Britain’s costliest consumer banking scandal may have sting in its tail

Posted at 06:00h in News by KMFSLLP 0 Comments

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* People left money by dead customers to claim through courts

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27 Aug UPDATE 4-Australia’s Macquarie to raise $675 mln for renewables, tech investment

Posted at 05:52h in News by KMFSLLP 0 Comments

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* Raising surprising given excess capital -Goldman Sachs (Adds UBS analyst comments, renewable portfolio)

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27 Aug China seen cutting key rates from September but moves likely gradual

Posted at 05:27h in News by KMFSLLP 0 Comments

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Deteriorating Sino-U.S. trade ties and interest rate reforms are fueling speculation China will start cutting key rates from next month, but bankers expect borrowing costs to come down only gradually, offering limited support for the slowing economy.

27 Aug China’s c.bank to issue own cryptocurrency as soon as Nov – Forbes

Posted at 05:20h in News by KMFSLLP 0 Comments

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China plans to issue its own crytocurrency as early as Nov. 11, the country's busiest shopping day for online sales, U.S. financial magazine Forbes said, citing two sources familiar with the matter.

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27 Aug UPDATE 1-HSBC to cut fees, offer rebates to boost struggling small Hong Kong firms

Posted at 05:15h in News by KMFSLLP 0 Comments

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* HSBC is only large bank in Hong Kong to unveil such measures recently

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27 Aug Australia’s sovereign fund posts double-digit returns on emerging markets bets

Posted at 05:08h in News by KMFSLLP 0 Comments

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Australia's A$162.6 billion ($109.8 billion) sovereign wealth fund on Wednesday said it more than doubled its target return for the year, as it boosted investments in emerging markets.

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News

27 Aug UPDATE 1-Kenya’s Nation Media Group first-half profit falls 24%

27 Aug UPDATE 1-UK holiday firm Thomas Cook agrees key terms of rescue deal

27 Aug Australian shares rise as mining gains outpace downbeat banks, NZ also up

27 Aug UK holiday firm Thomas Cook agrees key terms of rescue deal

27 Aug Britain’s costliest consumer banking scandal may have sting in its tail

27 Aug UPDATE 4-Australia’s Macquarie to raise $675 mln for renewables, tech investment

27 Aug China seen cutting key rates from September but moves likely gradual

27 Aug China’s c.bank to issue own cryptocurrency as soon as Nov – Forbes

27 Aug UPDATE 1-HSBC to cut fees, offer rebates to boost struggling small Hong Kong firms

27 Aug Australia’s sovereign fund posts double-digit returns on emerging markets bets

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