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Exclusive: Russia's Sberbank to remain Yandex partner, may adjust some projects - CEO Gref

福利网站Russia's Sberbank plans to continue its partnership with Yandex even though it has transferred its 'golden share' in the country's leading internet company to another entity, Sberbank's Chief Executive German Gref told Reuters.

Business Video

Emaar says may raise funds against Burj Khalifa viewing decks, not selling them

Dubai's Emaar Properties said on Tuesday it was considering raising capital against cash flows generated by the observation decks on its Burj Khalifa skyscraper, but was not looking at selling them.

Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses

福利网站The U.S. Financial Industry Regulatory Authority (FINRA) and major exchanges have fined Credit Suisse's U.S.-based securities business $6.5 million (5.03 million pounds) for supervisory failings, FINRA said late on Monday.

Credit Suisse admits spying on second executive

Credit Suisse on Monday admitted to snooping on another of the bank's former executives, deepening a spying scandal at the Swiss group, which is already under investigation for putting its ex-wealth management chief under surveillance.

Deutsche Bank to no longer pay for advice from Cerberus- source

Cerberus, one of Deutsche Bank's largest shareholders, will no longer provide paid advice to the bank on how to run its business, a person with knowledge of the matter said on Monday, a role that has been criticised for potential conflicts of interest.

Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S. 1MDB probes - source

福利网站Goldman Sachs Group Inc is in talks with the U.S. government and a state regulator to possibly pay up to $2 billion (1.54 billion pounds)and admit guilt to resolve investigations into its role in the 1MDB Malaysian corruption scandal, according to a source familiar with the matter.

Bank of Italy chief defends regulator's role in Bari bank crisis

The head of Italy's central bank rebuffed criticism of its role in supervising struggling lender Banca Popolare di Bari and said in an interview published on Monday that it was ready to account for its actions.

BlackRock, Temasek to take majority stake in wealth management JV with CCB - sources

福利网站U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.

Second Credit Suisse spying probe expected to clear CEO Thiam – SonntagsZeitung

A second probe into staff surveillance at Credit Suisse is set to clear Chief Executive Tidjane Thiam, Swiss newspaper SonntagsZeitung reported on Sunday.

Credit Suisse under fire as Swiss watchdog steps up snooping scrutiny

福利网站Switzerland's bank watchdog is stepping up an inquiry into staff surveillance at Credit Suisse , it said on Friday, as pressure mounts on the bank to explain a second alleged instance of an executive being tailed.

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Business News

China commerce ministry says in close touch with U.S. on signing trade deal

China is in close touch with the United States on signing a Phase 1 trade deal, the country's commerce ministry said on Thursday, adding that both sides are still going through necessary procedures before the signing.

Oil hits highest since September on trade hopes, OPEC cuts

Emerging market stocks were laggards in the past decade