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U.S. authorities subpoena Goldman in 1MDB probe - WSJ

U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.

UK and China regulators discuss framework for financial projects

HONG KONG British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union.

No clean bill of health for EU banks in stress test

LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.

Data in focus as market struggles for direction

NEW YORK Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data.

Dollar slides on U.S. GDP, Japan bonds fall on BOJ move

NEW YORK Weak U.S. economic growth data knocked down the dollar and yields on U.S. government debt Friday, while Japanese government bond yields rose the most in eight years after investors reacted coolly to the Bank of Japan's latest effort to boost the economy.

Unicredit says to assess with regulator necessary measures

MILAN Italian bank UniCredit said on Friday it would work with European Central Bank supervisors to assess what it needed to do after industry stress tests showed its core capital ratio neared a closely-watched 7 percent threshold under adverse conditions.

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