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News

16 Apr UPDATE 1-Deutsche Bank investor files new motion to oust chair at shareholder meeting

Posted at 13:08h in News by KMFSLLP 0 Comments

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* Previous motions got less than 10% of vote (Updates with details, background)

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16 Apr Bank of Italy sees Italian economy contracting 5% in Q1

Posted at 13:02h in News by KMFSLLP 0 Comments

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Italian gross domestic product will contract by around 5% in the first quarter of this year from the previous three months as the economy is hit by a lockdown to try to contain the coronavirus, the Bank of Italy said on Friday.

16 Apr Why are we really in lockdown?

Posted at 12:48h in News by KMFSLLP 0 Comments

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Is it just about the number of dead? Or is it something deeper: making sure we live in a society we don’t feel ashamed of?

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16 Apr GE aircraft leasing unit cancels 69 737 MAX orders

Posted at 12:43h in News by KMFSLLP 0 Comments

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The aircraft leasing subsidiary of General Electric Co, GECAS, said on Friday it was canceling 69 orders for Boeing Co's grounded 737 MAX jets.

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16 Apr Institutional investors tell Big Pharma to cooperate on coronavirus

Posted at 12:37h in News by KMFSLLP 0 Comments

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Institutional investors in 15 major pharmaceutical companies have called on the drugmakers to set aside rivalries and short-term interests and cooperate on finding solutions to the coronavirus.

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16 Apr Italy’s banks weigh legal risks of granting state-backed loans

Posted at 12:32h in News by KMFSLLP 0 Comments

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Italy's banks are wary of legal risks they could face in lending money under a state guarantee scheme set up to offset the impact of the coronavirus crisis, industry sources said, potentially delaying a key measure to prop up the ailing economy.

16 Apr World Bank says no ‘free ride’ for commercial creditors on debt relief

Posted at 12:25h in News by KMFSLLP 0 Comments

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Commercial creditors need to support debt relief for the poorest countries and cannot just "free ride" on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass told the Bank's Development Committee on Friday.

16 Apr Deutsche Bank investor files motion to oust chair at shareholder meeting

Posted at 12:16h in News by KMFSLLP 0 Comments

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Deutsche Bank investor Riebeck-Brauerei on Friday filed a motion seeking a vote to oust the lender's chairman Paul Achleitner at this year's annual general meeting, according to a document by the activist shareholder's lawyer.