KM Financial Solutions | News

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News

15 Aug ANZ slashes forecast for India’s GDP growth in 2019/20 to 6.2%

Posted at 08:43h in News by KMFSLLP 0 Comments

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The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be tough for authorities to engineer a turnaround.

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15 Aug PwC to manage remnants of Britain’s ‘bad bank’

Posted at 08:41h in News by KMFSLLP 0 Comments

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Consultancy PwC has been appointed to run the remnants of Britain's 'bad bank' that snapped up assets from collapsed lenders Northern Rock and Bradford & Bingley in the financial crisis.

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15 Aug UPDATE 1-Turkish military fund reaches deal to buy British Steel

Posted at 08:36h in News by KMFSLLP 0 Comments

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Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel, it said on Friday, adding it planned to close the deal by year-end.

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15 Aug HK stocks post fourth weekly drop as markets brace for more protests

Posted at 08:32h in News by KMFSLLP 0 Comments

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* HK->Shanghai Connect daily quota used -0.2%, Shanghai->HK daily quota used 9.1%

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15 Aug UPDATE 2-LSE’s FTSE stock market suffers longest outage in years

Posted at 08:24h in News by KMFSLLP 0 Comments

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A technical glitch delayed the start of trading on Friday on the UK blue chip FTSE 100 and midcap stock indexes in what was the longest outage at one of the world's top bourses in eight years.

15 Aug Malaysia set to begin biggest 1MDB trial involving ex-PM Najib

Posted at 08:24h in News by KMFSLLP 0 Comments

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Malaysia's former prime minister, Najib Razak, on Monday faces the biggest of five trials linked to a multi-billion-dollar scam at state fund 1MDB, although lawyers are seeking a delay to allow time for the completion of a previous trial.

15 Aug Foreigners stepped up selling in Japanese stocks in week ending Aug 9

Posted at 08:03h in News by KMFSLLP 0 Comments

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Foreigners were net sellers of Japanese stocks for a second straight week in the week ended Aug. 9 on renewed worries over the Sino-U.S. trade war, after the announcement of fresh U.S. tariffs on China at the start of this month.

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15 Aug Turkey’s military pension fund says reached deal to buy British Steel

Posted at 07:59h in News by KMFSLLP 0 Comments

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Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel, the Turkish company said on Friday, adding that it planned to close the deal by year-end.

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15 Aug Semiconductors, China stimulus hopes push European shares higher

Posted at 07:45h in News by KMFSLLP 0 Comments

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European shares churned higher on Friday, boosted by positive sentiment after China hinted on plans to spur economic growth while chipmaker stocks in the region propped up markets, helped by solid earnings news from U.S. counterparts.