REFILE-UPDATE 1-Democrats announce new debate rules likely to allow Bloomberg to join

FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party on Friday announced new rules around how presidential hopefuls can qualify to […]

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Democrats announce new debate rules, likely to allow Michael Bloomberg on stage

FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party announced on Friday a new set of rules governing which presidential hopefuls […]

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UPDATE 5-Record $4 billion Airbus fine draws line under ‘pervasive’ bribery

PARIS/LONDON/WASHINGTON () – Airbus (AIR.PA) bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States. The disclosures, made public after a nearly four-year investigation spanning sales to more than […]

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British regulator’s scrutiny to fall on futures order after mystery spike in sterling

LONDON () – Britain’s financial watchdog will likely zero in on a chunky pound futures deal, which many reckon drove sterling’s mystery spike just seconds before the Bank of England’s interest rate announcement this week FILE PHOTO: A man walks past a board displaying buying and selling rates outside of a currency exchange outlet in […]

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Poland deserves higer ratings due to strong economy – finance minister

WARSAW () – Poland deserves higher credit ratings from leading agencies such as Moody’s, Fitch and S&P, because its finances and economic growth are solid, Finance Minister Tadeusz Koscinski said on Friday. In an interview with , Koscinski also dismissed criticism that investors might be discouraged by lower-than-expected economic growth in 2019 or by Warsaw’s […]

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UPDATE 1-Travelex recovers UK website after ransomware hit

FILE PHOTO: A passenger walks past a Travelex currency exchange at Manchester Airport in Manchester, Britain January 8, 2020. /Phil Noble/File Photo() – Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year […]

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Pound set for biggest weekly gain in a month

FILE PHOTO: UK pound coins plunge into water in this illustration picture, October 26, 2017. /Dado Ruvic/IllustrationLONDON () – The British pound extended its rally on Friday and was on track for its biggest weekly gain in a month after the Bank of England’s decision to keep interest rates steady on signs of a post-election […]

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Warwickshire car maker Aston Martin secures £182m funding deal as consortium takes major stake

Aston Martin Lagonda has agreed to sell a £182m stake to a consortium led by a Formula One billionaire as part of a deal to secure its future.The Gaydon-based company said it will raise a total of £500m through the consortium’s investment – combined with a £318m rights issue supported by major shareholders. Aston Martin […]

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Westpac hit with class-action suit in U.S. linked to money-laundering case

FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. /David Gray/File Photo() – Australia’s No. 2 lender Westpac Banking Corp (WBC.AX) said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and […]

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GRAPHIC-Take Five: What’s the virus damage?

() – 1/SCHLOCK AND AWE IN CHINA FILE PHOTO: People walk past an electronic display showing world markets indices outside a brokerage in Tokyo, Japan, January 8, 2020. /Issei KatoFinancial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus here Global stocks have been shaken in the […]

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Chinese regions unveil credit support for virus-hit firms

BEIJING, Jan 31 () – Fiancial regulators in Guangdong province in southern China and in Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown. The banking and insurance regulator in Guangdong, China’s export hub, has pledged to provide support for firms in retail, wholesale, […]

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Chrysaor talks to buy North Sea rival Siccar Point end -sources

LONDON () – North Sea private equity-backed Chrysaor’s talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties oil and gas producers are facing with the long-term outlook for prices uncertain as economies shift […]

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Italy’s Carige appoints new board after rescue

FILE PHOTO: A woman walks past a Carige bank in Rome, Italy, Sept. 20, 2018. /Max Rossi/File PhotoGENOA () – Italy’s Banca Carige (CRGI.MI) appointed a new board on Friday to take the reins of the troubled regional lender, ending more than 12 months under a temporary special administration appointed last year to stem years […]

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UPDATE 1-Lebanon finance minister asks banks to cut interest rates

FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s fiance minister urged the country’s banks on Friday to reduce interests rates to help the economy and offered reassurances that bank deposits would not be touched as the country wrestles […]

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UPDATE 1-Greece shortlists nine investors for 30% stake in Athens airport

(Adds details) ATHENS, Jan 31 () – Greece has shortlisted nine investors in a tender for a minority stake in Athens International Airport (AIA), the country’s biggest, its privatisation agency said on Friday. The sale is crucial for Greece which emerged from international bailouts in 2018 and is aiming for privatisation receipts of 2.4 billion […]

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UPDATE 2-Thyssenkrupp CEO outlines breakup vision as elevator sale nears

BOCHUM, Germany () – Thyssenkrupp (TKAG.DE) boss Martina Merz on Friday mapped out in more detail the restructuring of the ailing conglomerate, saying a deal to sell its elevator unit was near and inviting suitors to look at its steel and plant building units. Martina Merz, CEO of German steelmaker Thyssenkrupp AG, gestures during the […]

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Japan Post Holdings unable to say when it will resume insurance policy sales

TOKYO, Jan 31 () – The chief executive of Japan Post Holdings Co Ltd, Hiroya Masuda, said on Friday that the conglomerate could not say when it would resume selling insurance products, after being banned from doing so by the government. Japan Post Insurance, 64% owned by Japan Post Holdings, first revealed it had mismanaged […]

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UK mortgage approvals strongest since mid-2017, adding to signs of pick-up

LONDON, Jan 31 () – British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election. FILE PHOTO: Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange […]

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