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Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge

SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest ....

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Australia considers capping class action funders' fees

Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in costly class action lawsuits. ....

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Asian Open: Wall Street Breaks Three-Day Decline

Asian Open: Wall Street Breaks Three-Day Decline
Matt Simpson
May 13, 2021 11:06 PM
Strong employment data saw a turnaround session on Wall Street to send equities higher and bond yields lower.
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Asian Futures:
Australia s ASX 200 futures are up 47 points (0.67%), the cash market is currently estimated to open at 7,029.70
Japan s Nikkei 225 futures are up 230 points (0.84%), the cash market is currently estimated to open at 27,678.01
Hong Kong s Hang Seng futures are up 196 points (0.71%), the cash market is currently estimated to open at 27,914.67
UK and Europe:
Europe s Euro STOXX 50 index rose 5.02 points (0.13%) to close at 3,952.45
Germany s DAX index rose 49.46 points (0.33%) to close at 15,199.68
France s CAC 40 index rose 8.98 points (0.14%) to close at 6,288.33 ....

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Australia shares slip as U.S. inflation fears weigh; energy, banking stocks fall most

By Reuters Staff
2 Min Read
May 12 (Reuters) - Australian shares inched lower on Wednesday, with most losses in energy stocks and major banks, tracking an overnight Wall Street sell-off as worries about rising inflation in the United States weighed on risk sentiment.
The S&P/ASX 200 slipped 0.09% to 7,090.9 by 0025 GMT.
Wall Street closed lower as rising commodity prices and labour shortages fed fears that despite reassurances from the U.S. Federal Reserve, near-term price spikes could translate into longer-term inflation.
Australian energy stocks skidded 0.74,% even as oil prices rose amid lingering fears of gasoline shortages after a cyber attack on the U.S. fuel pipeline system. ....

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Asian Open: Inflation Fears Weigh on Tech Stocks

Asian Open: Inflation Fears Weigh on Tech Stocks
Matt Simpson
May 10, 2021 10:54 PM
Inflationary concerns weighed on Wall Street, as Iron Ore hit record highs yesterday and lumber prices having now doubled since March alone.
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Asian Futures:
Australia s ASX 200 futures are down -52 points (-0.73%), the cash market is currently estimated to open at 7,120.80
Japan s Nikkei 225 futures are down -300 points (-1.01%), the cash market is currently estimated to open at 29,218.34
Hong Kong s Hang Seng futures are down -183 points (-0.64%), the cash market is currently estimated to open at 28,412.66
UK and Europe:
Europe s Euro STOXX 50 index fell -10.9 points (-0.27%) to close at 4,023.35 ....

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