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News

20 May UPDATE 2-Aviva sees $200 mln in COVID-19 claims, weaker second quarter

Posted at 07:47h in News by KMFSLLP 0 Comments

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* Faces possible legal action from UK hospitality firms (Adds analyst, shares, CFO comment, hospitality claims)

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20 May UPDATE 1-South Africa’s Investec says well placed to support clients

Posted at 07:38h in News by KMFSLLP 0 Comments

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South African financial services firm Investec said on Thursday it has strong liquidity and capital to support its clients, but warned that lending will be muted, impairments will rise and interest income will be hit by the coronavirus crisis.

20 May Australian shares end lower on China trade tensions, bank loan pain

Posted at 07:30h in News by KMFSLLP 0 Comments

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* Gold stocks fall on lower bullion prices (Updates to close)

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20 May European shares pull back ahead of PMI numbers

Posted at 07:23h in News by KMFSLLP 0 Comments

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European shares fell on Thursday as investors braced for the latest batch of business activity data to underline the blow to the euro zone economy from sweeping lockdown measures imposed to curb the virus spread.

20 May Foreign investors net sellers of Japan stocks for 14th straight week

Posted at 07:19h in News by KMFSLLP 0 Comments

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Foreign investors were net sellers of Japanese equities in the week to May 15, marking a fourteenth consecutive week of net selling, with sentiment weighed down by a deterioration in U.S.-China relations and the COVID-19 pandemic.

20 May Public transport struggles to cater for the few

Posted at 06:48h in News by KMFSLLP 0 Comments

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Maintaining social distancing and running full services poses financial and practical problems

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20 May UK financial compensation body raises levy to fund LCF claims

Posted at 06:42h in News by KMFSLLP 0 Comments

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Britain's Financial Services Compensation Scheme (FSCS) said it had earmarked 44 million pounds ($54 million) to pay claims from a small number of the investors who lost money after the collapse of investment company London Capital & Finance (LCF).

20 May Lebanon at risk of major food crisis, PM warns

Posted at 06:37h in News by KMFSLLP 0 Comments

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Lebanon is at risk of a major food crisis and many Lebanese may soon find it hard to afford bread because of an acute financial crunch and the fall-out of COVID-19, the prime minister warned.