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18 Sep UPDATE 2-KPMG admits misconduct on BNY Mellon reports, says watchdog

Posted at 09:19h in News by KMFSLLP 0 Comments

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* KPMG subject of other FRC investigations (Adds detail, background, KPMG and BNY Mellon comments)

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18 Sep Scottish growth beats rest of UK in second quarter

Posted at 09:14h in News by KMFSLLP 0 Comments

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Small businesses report fall in confidence in third quarter amid Brexit fears

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18 Sep Scottish growth outpaced UK in second quarter

Posted at 09:14h in News by KMFSLLP 0 Comments

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18 Sep UPDATE 1-Ex-PBOC chief says China must address its “loopholes”

Posted at 09:14h in News by KMFSLLP 0 Comments

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China must plug loopholes in the way it applies rules on subsidies and technology transfer to address complaints from the United States and the European Union, a former central bank chief said on Wednesday.

18 Sep Royal Mail chairman steps down

Posted at 09:14h in News by KMFSLLP 0 Comments

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Royal Mail plc said Peter Long will step down as chairman of the UK post and parcel services company with immediate effect and be replaced by Les Owen.

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18 Sep Bank of England tells banks and insurers to act now on LIBOR transition

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

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British banks and insurers need to take steps now to prepare for the phasing-out of the LIBOR interest rate benchmark, the Bank of England said in a letter to chief executives on Wednesday.

18 Sep UPDATE 1-Yemen central bank nearly doubles interest rate to halt riyal plunge

Posted at 09:07h in News by KMFSLLP 0 Comments

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Yemen's central bank, based in territory controlled by its exiled government, nearly doubled its interest rate on Wednesday in an effort to stabilise the riyal after violent demonstrations against a plunging currency.

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18 Sep UPDATE 1-Switzerland’s Sulzer turns profit on shares bought from sanctions-hit Russian investor

Posted at 09:04h in News by KMFSLLP 0 Comments

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Swiss pump maker Sulzer has sold at a profit shares it bought from Russian oligarch Viktor Vekselberg in April in a move designed to reduce his stake below 50 percent and escape U.S. sanctions.

18 Sep WRAPUP 2-BOJ’s Kuroda warns of trade perils, echoes Abe on exiting easy policy

Posted at 09:02h in News by KMFSLLP 0 Comments

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Bank of Japan Governor Haruhiko Kuroda on Wednesday stressed that he won't pull the plug on monetary easing until inflation hits his 2 percent target, warning that escalating international trade disputes could inflict widespread damage to global growth.

18 Sep Estonia’s FSA says Danske report shows ‘serious shortcomings’ at bank

Posted at 09:01h in News by KMFSLLP 0 Comments

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Estonia's Financial Supervision Authority (FSA) said a report by Danske Bank on Wednesday into laundering of Russian and ex-Soviet money through the Baltic country shows serious shortcomings in the bank's organisation.

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News

18 Sep UPDATE 2-KPMG admits misconduct on BNY Mellon reports, says watchdog

18 Sep Scottish growth beats rest of UK in second quarter

18 Sep Scottish growth outpaced UK in second quarter

18 Sep UPDATE 1-Ex-PBOC chief says China must address its “loopholes”

18 Sep Royal Mail chairman steps down

18 Sep Bank of England tells banks and insurers to act now on LIBOR transition

18 Sep UPDATE 1-Yemen central bank nearly doubles interest rate to halt riyal plunge

18 Sep UPDATE 1-Switzerland’s Sulzer turns profit on shares bought from sanctions-hit Russian investor

18 Sep WRAPUP 2-BOJ’s Kuroda warns of trade perils, echoes Abe on exiting easy policy

18 Sep Estonia’s FSA says Danske report shows ‘serious shortcomings’ at bank

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