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Schroders fund pushes stake limit in Russia-based Sberbank

  Bloomberg Rollo Roscow has maxed out his holdings of Sberbank PJSC, the Russian lender that has surged as much 119 percent from late January. If he had his way, he’d probably buy more. The advance in the London-traded stock comes after a 46 percent rally in 2015 and has been driven by a rebound in oil prices and a ...

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BEA shares dip after Elliott’s legal action

  BLOOMBERG Bank of East Asia (BEA) Ltd. shares dropped the most in two weeks in Hong Kong after Elliott Management started legal action alleging that the family-run lender acted improperly when issuing stock, which it says diluted minority investors and entrenched management control. The stock sank as much as 2.8 percent on Tuesday, the biggest intraday slide since July ...

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Eurozone bank sector improves: ECB survey

  Frankfurt / AFP Europe’s financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday. The ECB said its quarterly bank lending survey (BLS) showed banks are easing credit standards for loans to companies. However, this is an encouraging sign, since the ...

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