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News

23 Dec Saudi Arabia’s biggest bank NCB seeks merger talks with rival Riyad

Posted at 14:07h in News by KMFSLLP 0 Comments

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Saudi Arabia's National Commercial Bank (NCB), the kingdom's biggest lender by assets, has begun preliminary discussions to merge with smaller rival Riyad Bank, the two lenders said on Monday.

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23 Dec UPDATE 2-European shares falter as worst year since 2008 nears its end

Posted at 13:55h in News by KMFSLLP 0 Comments

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European shares fell on Monday as worries over a prolonged government shutdown and the position of Federal Reserve Chairman Jerome Powell added to angst about slowing economic growth, keeping stocks set for their biggest yearly loss in a decade

23 Dec UPDATE 1-Vista Equity Partners to buy Mindbody in a $1.9 bln deal

Posted at 13:45h in News by KMFSLLP 0 Comments

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Mindbody Inc, a maker of software to help run fitness and yoga studios, said on Monday it agreed to be bought by private equity firm Vista Equity Partners in a deal valued at about $1.9 billion in cash, about three years after going public.

23 Dec UPDATE 1-UK markets fall on Christmas eve, no Santa rally in sight

Posted at 13:28h in News by KMFSLLP 0 Comments

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* Mid-cap Playtech falls on profit warning (Adds company news items, analyst comment, updates share moves)

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23 Dec UPDATE 1-Ant Financial in talks to buy UK payments firm WorldFirst – Sky News

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

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Ant Financial Services Group, Chinese e-commerce giant Alibaba Group Holding Limited's fintech affiliate, is in advanced talks to buy British currency exchange startup WorldFirst in a deal that could be worth more than 500 million pounds ($632.5 million), Sky News reported on Monday, citing sources.

23 Dec Ant Financial in talks to buy UK payments firm WorldFirst – Sky News

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

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23 Dec UPDATE 2-“Normalising” rates is main challenge, Israel’s new cenbank chief says

Posted at 12:39h in News by KMFSLLP 0 Comments

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Israel's new central bank governor Amir Yaron sees normalising monetary policy as the most pressing challenge facing the Bank of Israel, he said as he took over the role on Monday.

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23 Dec UPDATE 1-China to step up support for small and private firms – cabinet

Posted at 12:21h in News by KMFSLLP 0 Comments

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China will improve inclusive financing and policy on targeted reserve requirement cuts for small and private companies, state television quoted the cabinet as saying in a meeting on Monday.

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23 Dec HNA Technology says in preliminary talks to sell Ingram Micro

Posted at 12:18h in News by KMFSLLP 0 Comments

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China's HNA Technology Co Ltd is in preliminary talks to sell U.S. electronics distributor Ingram Micro Inc, as part of its parent group's efforts to trim operations.