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News

19 Feb UPDATE 2-China Jan new bank loans hit record, more policy support seen

Posted at 09:56h in News by KMFSLLP 0 Comments

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* C.bank steps up policy support for economy amid trade tensions (Adds analyst comment, details)

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19 Feb Lebanon in phase of seeking IMF advice, aid comes in next phase-fin min

Posted at 09:54h in News by KMFSLLP 0 Comments

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The Lebanese government is in a phase of getting technical advice from the IMF and assistance will come in the next phase, Finance Minister Ghazi Wazni said in a statement on Thursday, without spelling out where aid might come from.

19 Feb UPDATE 1-European shares dip on weak corporate earnings, virus risks

Posted at 09:39h in News by KMFSLLP 0 Comments

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* Air France falls after profit warning on virus impact (Adds comments, details; updates prices)

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19 Feb China to cut $71.3 bln insurance fees to help firms amid coronavirus outbreak

Posted at 09:32h in News by KMFSLLP 0 Comments

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China is expected to cut pension contributions and insurance fees by more than 500 billion yuan ($71.27 billion) this year, government officials said on Thursday, as it seeks to help companies weather the coronavirus outbreak.

19 Feb UPDATE 2-Swiss Re misses expectations amid storms, U.S. casualty claims

Posted at 09:30h in News by KMFSLLP 0 Comments

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Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower.

19 Feb Lebanon’s Aoun vows accountability over financial crisis-Twitter

Posted at 09:20h in News by KMFSLLP 0 Comments

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Lebanese President Michel Aoun said on Thursday measures would be taken to hold to account all those who contributed to Lebanon's financial crisis through illegal actions be they transfers abroad, manipulation of Eurobonds or other acts.

19 Feb UPDATE 2-AXA shares fall after it lowers 2020 earnings guidance for XL unit

Posted at 09:05h in News by KMFSLLP 0 Comments

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* Shares slide 3%, other insurers also fall (Updates with share price reaction, CEO, analyst quotes)

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19 Feb Shares of HNA affiliates rally after report of China bailout plan

Posted at 05:01h in News by KMFSLLP 0 Comments

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* Hainan govt plans HNA takeover, airline asset sale-Bloomberg

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19 Feb UPDATE 2-China cuts benchmark lending rate as economy struggles to shake off virus shock

Posted at 04:55h in News by KMFSLLP 0 Comments

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* China cuts lending benchmark LPR, in line with expectations

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19 Feb China’s Hebei province sets up $7 bln financing vehicle to shore up economy

Posted at 04:42h in News by KMFSLLP 0 Comments

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The northern Chinese province of Hebei has set up a special financing project worth 50 billion yuan ($7.12 billion) with China Development Bank to help get the regional economy up and running again after coronavirus disruptions.

News

19 Feb UPDATE 2-China Jan new bank loans hit record, more policy support seen

19 Feb Lebanon in phase of seeking IMF advice, aid comes in next phase-fin min

19 Feb UPDATE 1-European shares dip on weak corporate earnings, virus risks

19 Feb China to cut $71.3 bln insurance fees to help firms amid coronavirus outbreak

19 Feb UPDATE 2-Swiss Re misses expectations amid storms, U.S. casualty claims

19 Feb Lebanon’s Aoun vows accountability over financial crisis-Twitter

19 Feb UPDATE 2-AXA shares fall after it lowers 2020 earnings guidance for XL unit

19 Feb Shares of HNA affiliates rally after report of China bailout plan

19 Feb UPDATE 2-China cuts benchmark lending rate as economy struggles to shake off virus shock

19 Feb China’s Hebei province sets up $7 bln financing vehicle to shore up economy

KM Financial Solutions LLP

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