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EU sanctions on Russian banks would hit economy, business

MOSCOW, July 24 - Russia's state-controlled banks would have to turn to the state, domestic borrowers or new regions such as Asia if EU sanctions shut off investment, hurting their ability to lend to local businesses and further damaging the country's fragile economy.

10:20pm IST

Fitch Affirms Nationwide Building Society's Ratings

(The following statement was released by the rating agency) LONDON, July 24 (Fitch) Fitch Ratings has affirmed Nationwide Building Society's (Nationwide) Long-term and Short-term Issuer Default Ratings (IDR) and Viability Rating (VR) at 'A'/F1'/a', respectively. Nationwide's Support Rating (SR) and Support Rating Floor (SRF) are affirmed at '1' and 'A'. The Outlook on the Long-term IDR is Stable. A full list of rating actions is at the end of this comment. KEY RATING DRIVERS - IDRs and VR

10:15pm IST

UPDATE 2-Lazard profit beats estimates on rise in M&A advisory fees

* Second-quarter adjusted earnings $0.64/shr vs est. $0.57

10:07pm IST

UPDATE 1-KKR's second-quarter asset sales yield record payout

* Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents

10:06pm IST

AFRICA INVESTMENT-Africa woos domestic savers as a buffer against fickle foreign capital

* 20 pct of Africans have formal pension savings-official

9:54pm IST
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BSE-FMCG +0.86%
BSE-CG +0.19%
BSE-HC -0.25%

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BSE Sensex, Nifty hit record highs, insurers gain

MUMBAI - The BSE Sensex and the Nifty rose to record highs on Thursday after cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda.