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    Citigroup files third lawsuit over accidental Revlon payment

    (Reuters) – Citigroup Inc (NYSE:C) filed a third lawsuit on Friday in its latest attempt to recoup nearly $1 billion it mistakenly sent to lenders of Revlon Inc. The third largest U.S. bank has so far sued a dozen firms after an “operational error” that caused it to transfer $900 million of its own funds… More

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    Shares in hoteliers Accor, IHG rise after reported merger interest

    PARIS (Reuters) – Shares in France’s Accor (PA:ACCP) rallied on Thursday after Le Figaro newspaper reported it had examined a potential merger with British rival InterContinental Hotels (IHG) (L:IHG) that would create the world’s biggest hotel group. The hospitality sector has been hit hard by the coronavirus crisis as travel dwindles, forcing many hotel owners… More

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    European shares fall after U.S. Fed’s grim view on recovery

    By Sruthi Shankar (Reuters) – European stocks were hit by a wave of selling in global equity markets on Thursday after the U.S. Federal Reserve signalled a long and difficult path of recovery for the world’s largest economy. The pan-European STOXX 600 index (STOXX) fell 1%, led by miners (SXPP) due to weaker metal prices.… More

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    Japan stocks lower at close of trade; Nikkei 225 down 1.00%

    Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.00%. The best performers of the session on the Nikkei 225 were Daiwa House Industry Co., Ltd. (T:1925),… More

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    Asian stocks slump, gold jumps after dovish Fed

    By Stanley White and Chibuike Oguh TOKYO/NEW YORK (Reuters) – Asian equities and U.S. futures fell on Thursday, hurt by the U.S. Federal Reserve’s cautious view of the economy, tensions with China and new clusters of coronavirus infections. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.79%, the biggest daily decline in five weeks.… More