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14 Jan UPDATE 3-UN official blames politicians for “dangerous chaos” in Lebanon

Posted at 13:09h in News by KMFSLLP 0 Comments

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* Formation of new government bogged down (Adds parliamentary speaker's comments)

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14 Jan UPDATE 1-Goldman Sachs profit misses estimates on higher costs, weak M&A

Posted at 13:03h in News by KMFSLLP 0 Comments

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Goldman Sachs Group Inc on Wednesday reported quarterly profit that missed analysts' estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.

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14 Jan US STOCKS-Futures mostly lower as investors assess U.S.-China trade deal, earnings

Posted at 12:59h in News by KMFSLLP 0 Comments

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U.S. stock index futures were marginally lower on Wednesday ahead of the release of details of an initial U.S.-China trade deal, with investors also digesting the second round of bank earnings after a strong set of reports on Tuesday.

14 Jan UPDATE 2-Pharmacy unit boosts UnitedHealth as costs rise

Posted at 12:50h in News by KMFSLLP 0 Comments

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UnitedHealth Group Inc reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer managed to control medical costs and made gains with the unit that houses its pharmacy benefits management business.

14 Jan UK inflation slips to three-year low

Posted at 12:45h in News by KMFSLLP 0 Comments

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Weaker than expected reading adds to pressure on Bank of England for fresh rate cut

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14 Jan Goldman Sachs profit falls on investment banking weakness, higher costs

Posted at 12:33h in News by KMFSLLP 0 Comments

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Goldman Sachs Group Inc reported a 26% drop in quarterly profit on Wednesday, hurt by weakness in its investment banking business and higher operating costs.

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14 Jan Puerto Rico to be given access to $8.2 bln in blocked disaster aid funding -Politico

Posted at 12:26h in News by KMFSLLP 0 Comments

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Puerto Rico will be allowed access to $8.2 billion in blocked disaster aid funding by the U.S. Department of Housing and Urban Development (HUD), Politico reported https://politi.co/2FPxFb3 on Wednesday, citing people familiar with the matter.

14 Jan Oman’s new sultan faces ‘balancing act’ as credit crunch looms

Posted at 12:24h in News by KMFSLLP 0 Comments

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Holders of more than $20 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.

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14 Jan UPDATE 1-Spain’s Banco Sabadell hires IBM for 1 billion euro IT upgrade

Posted at 12:17h in News by KMFSLLP 0 Comments

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Spain's Banco Sabadell has hired IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank's director of operations and people, said on Wednesday.

14 Jan Lebanon house speaker says work underway to protect bank deposits -MP

Posted at 12:15h in News by KMFSLLP 0 Comments

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Lebanese MP Ali Bazzi, citing the country's parliament speaker, said on Wednesday that work was underway to protect bank deposits amid a financial crisis that has shaken confidence in the country's banks.

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News

14 Jan UPDATE 3-UN official blames politicians for “dangerous chaos” in Lebanon

14 Jan UPDATE 1-Goldman Sachs profit misses estimates on higher costs, weak M&A

14 Jan US STOCKS-Futures mostly lower as investors assess U.S.-China trade deal, earnings

14 Jan UPDATE 2-Pharmacy unit boosts UnitedHealth as costs rise

14 Jan UK inflation slips to three-year low

14 Jan Goldman Sachs profit falls on investment banking weakness, higher costs

14 Jan Puerto Rico to be given access to $8.2 bln in blocked disaster aid funding -Politico

14 Jan Oman’s new sultan faces ‘balancing act’ as credit crunch looms

14 Jan UPDATE 1-Spain’s Banco Sabadell hires IBM for 1 billion euro IT upgrade

14 Jan Lebanon house speaker says work underway to protect bank deposits -MP

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