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28 May UPDATE 3-Volkswagen pumps 2 bln euros into China electric vehicle bet

Posted at 09:49h in News by KMFSLLP 0 Comments

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* JAC, Guoxuan shares jump 10%, maximum daily limit (Adds Volkswagen China head quotes)

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28 May UPDATE 2-SIG to take on CD&R as investor via 150 mln stg equity raising

Posted at 09:48h in News by KMFSLLP 0 Comments

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* PwC finds issues in 2019 forecasting process (Adds PwC investigation, shares, analyst comments)

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28 May Coronavirus latest: Italy suffers largest contraction on record

Posted at 09:48h in News by KMFSLLP 0 Comments

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28 May Intesa won’t change UBI bid terms, talking to regulator on “MAC” clause – exec to paper

Posted at 09:34h in News by KMFSLLP 0 Comments

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Intesa Sanpaolo won't improve the terms of its takeover offer for UBI Banca and is discussing with Italy's market regulator whether or not the pandemic triggered a clause giving the buyer a way out, a top executive was quoted as saying.

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28 May UPDATE 1-SoftBank Vision Fund head’s pay doubled last year despite massive losses

Posted at 09:31h in News by KMFSLLP 0 Comments

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SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($15 million), even as the fund's underperformance pushed SoftBank to a record $13 billion operating loss.

28 May UPDATE 1-Motor racing-Williams considers sale of struggling F1 team

Posted at 09:25h in News by KMFSLLP 0 Comments

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Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.

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28 May UPDATE 1-Monte Paschi gets preliminary EU approval for bad debt plan -source

Posted at 09:24h in News by KMFSLLP 0 Comments

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Italy's Banca Monte dei Paschi di Siena has received a preliminary green light from the European Union's competition authorities for its bad debt disposal plan, a source familiar with the matter said on Friday.

28 May UK lenders offer more credit card, loan repayment freezes

Posted at 09:00h in News by KMFSLLP 0 Comments

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British banks and other lenders have given nearly 1.5 million repayment holidays to borrowers hit by the coronavirus shutdown, an increase of more than a quarter since the start of May, an industry group said on Friday.

28 May Sterling sinks to two-month low as Brexit fears loom

Posted at 08:57h in News by KMFSLLP 0 Comments

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* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv

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28 May Japan backs nearly a third of $6.6 billion loans to Nissan – sources

Posted at 08:56h in News by KMFSLLP 0 Comments

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The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans.

News

28 May UPDATE 3-Volkswagen pumps 2 bln euros into China electric vehicle bet

28 May UPDATE 2-SIG to take on CD&R as investor via 150 mln stg equity raising

28 May Coronavirus latest: Italy suffers largest contraction on record

28 May Intesa won’t change UBI bid terms, talking to regulator on “MAC” clause – exec to paper

28 May UPDATE 1-SoftBank Vision Fund head’s pay doubled last year despite massive losses

28 May UPDATE 1-Motor racing-Williams considers sale of struggling F1 team

28 May UPDATE 1-Monte Paschi gets preliminary EU approval for bad debt plan -source

28 May UK lenders offer more credit card, loan repayment freezes

28 May Sterling sinks to two-month low as Brexit fears loom

28 May Japan backs nearly a third of $6.6 billion loans to Nissan – sources

KM Financial Solutions LLP

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