from Yahoo Finance https://ift.tt/3deIi5k
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Wirecard shares slump over missing €1.9bn
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Wirecard shares plunge 60% on delayed results, looming loan crunch
German payments company Wirecard said that its auditor had refused to sign off on its 2019 accounts, sending its shares 60% lower on Thursday as it warned the delay could mean billions in loans are called in as early as Friday. Wirecard said that auditor EY had informed it that sufficient evidence could not be found for 1.9 billion euros ($2.1 billion) in cash balances on trust accounts – or around a quarter of its balance sheet total. There were indications, Wirecard added, that these balances were “spurious” and had been provided “in order to deceive the auditor”.
from Yahoo Finance https://ift.tt/3deJuFS
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Oil prices stable ahead of OPEC+ meeting
Oil prices were broadly stable on Thursday as Brent erased losses in early European trading ahead of a meeting of OPEC members and their allies against the backdrop of demand concerns over new coronavirus cases in China and elsewhere. Brent crude futures were up 2 cents at $40.73 a barrel at 0725 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 14 cents to $37.82 a barrel.
from Yahoo Finance https://ift.tt/2UYXbCO
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