KM Financial Solutions | News

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News

26 Mar Qatari investor buys Ritz Hotel, inflaming Barclay family tensions

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

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Representative for Sir Frederick threatens litigation after deal announced

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26 Mar UPDATE 3-Moody’s downgrade to ‘junk’ adds to South Africa pain

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

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* Delay to WGBI rebalancing could cushion blow (Adds analyst, finance minister quote, details)

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26 Mar UPDATE 2-KPMG Chairman Bill Michael tests positive for coronavirus

Posted at 23:00h in News by KMFSLLP 0 Comments

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British accounting firm KPMG's chairman, Bill Michael, has tested positive for the coronavirus, a spokesman for the company said late on Friday.

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26 Mar UPDATE 1-Airbnb suspends marketing to save $800 mln, top execs take pay cut – source

Posted at 22:55h in News by KMFSLLP 0 Comments

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Airbnb Inc has suspended all its marketing activities to save $800 million this year, and its founders will take no salary for the next six months while top executives will take a 50% cut, according to a person familiar with the matter.

26 Mar UPDATE 2-Fitch cuts UK’s rating on coronavirus debt surge

Posted at 22:30h in News by KMFSLLP 0 Comments

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* Fitch leaves negative outlook on UK rating (Adds details, background)

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26 Mar UPDATE 2-Microsoft to divest AnyVision stake, end face recognition investing

Posted at 22:29h in News by KMFSLLP 0 Comments

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Microsoft Corp on Friday said it would sell its stake in AnyVision, an Israeli facial recognition startup, and said it no longer would make minority investments in companies that sell the controversial technology.

26 Mar South Africa’s Treasury says Moody’s downgrade to add to market stress

Posted at 22:11h in News by KMFSLLP 0 Comments

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South Africa's National Treasury said on Friday that Moody's sovereign downgrade to "junk" status would add to prevailing financial market stress but that it was difficult to say with certainty what the extent of the impact would be.