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  • CAIRO— The latest news on EgyptAir Flight 804 from Paris to Cairo, carrying 66 people, which Egyptian officials say crashed early Thursday into the Mediterranean Sea off the Greek island of Crete:. An EgyptAir Airbus A320 crashed into the Mediterranean Sea early Thursday while carrying 66 passengers and crew from Paris to Cairo, and authorities have been...

  • Surprised by change in mood on BRICs: O'Neill

    Lord (Jim) O'Neill, chairman of the Review on Antimicrobial Resistance, says Brazil and Russia are "showing classic signs of the so-called commodities curse."

  • NEW YORK, May 19- Oil traders from Houston to the North Sea are tapping into plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about 2 million barrels a day of output. Traders said there was an overhang of physical oil in Nigeria, with more than 20 June loading cargoes...

  • Russia's President Vladimir Putin, right, and his visiting Brazil's counterpart Dilma Rousseff shake hands during their meeting in Moscow.

    Fifty percent success rate? Jim O'Neill, who coined the term BRICs, says China and India are growing as well — or even better — than he famously forecast.

  • MOSCOW— Police in Moscow say a man who took hostages during an attempt to rob a bank has been killed. Police spokeswoman Sofia Khotina said on state TV news channel Rossiya-24 that the man was "liquidated" during an operation by special forces on Wednesday evening, but didn't give details. News reports said the man, wearing a mask, entered the Credit Bank of Moscow...

  • *To help Russian exporters in markets including China. LONDON, May 18- Russia's second largest bank, state-controlled VTB, is growing its commodities trading business to help the country's oil, coal and metals producers expand in new markets from China to Africa. "We aim to enter the top ten of leading banks working with commodities markets," said Djumaliev, who...

  • KIEV, May 18- Ukraine has set a starting price of 13.175 billion hryvnia for the auction of state-owned fertilizer producer Odessa Portside Plant, the head of the State Property Fund said on Wednesday. We have all the documents for a transparent, international agreement, " State Property Fund chief Ihor Bilous said in a government meeting without elaborating on...

  • MOSCOW, May 18- A slowdown in the Chinese economy by 1 percentage point translates into around 0.5 percentage point slowdown for Russia, Ksenia Yudayeva, first deputy central bank governor, told a Credit Suisse conference in Moscow on Wednesday.

  • DOJ opens investigation into Russian doping scandal -NYT

    CNBC's Eamon Javers reports on the Department of Justice opening an investigation into the Russian doping scandal, according to the New York Times.

  • Guo Guangchang, chairman of Fosun International Limited

    China's Fosun has a plan to reduce its debt, according to its chairman Guo Guangchang.

  • The Baosteel steel mill in Shanghai, China

    China's "steel dumping" has antagonized Europe and the U.S., but a senior figure at one giant mining company prefers to encourage the country's still-high demand for metals.

  • Chinese customer is trying out an iPhone SE in an Apple store in Shanghai, China.

    Chinese authorities are checking technology products for potential security threats to the country, reports The New York Times.

  • The 870- km Trans-Adriatic Pipeline is part of the so-called "Southern Corridor" that will link Azerbaijan's giant Shah Deniz II field with Italy, crossing through Georgia, Turkey, Greece, Albania and the Adriatic Sea. "The energy map of south-east Europe is being redefined and this turns Greece into an energy hub of the region," Greek Prime Minister Alexis Tsipras...

  • MOSCOW, May 17- Russia's second-largest bank VTB is targeting a net interest margin of around 4 percent over 2017-2019, the bank said in a presentation to investors on Tuesday. VTB, like several other large Russian lenders, is under Western sanctions over Moscow's role in the Ukraine conflict that limit its access to international capital markets.

  • VIENNA, May 17- Soldiers from Azerbaijan and Nagorno-Karabakh were killed early on Tuesday, hours after the Armenian and Azeri presidents agreed on the need for a peaceful settlement to the conflict in the breakaway region where violence flared again last month. Monday's meeting between Armenian President Serzh Sarksyan and Azeri President Ilham Aliyev in...

  • VIENNA, May 16- The presidents of Armenia and Azerbaijan agreed on Monday on the need for a ceasefire and a peaceful settlement to the conflict in breakaway Nagorno-Karabakh, according to a joint statement by the United States, France and Russia. The two leaders also agreed at a meeting in Vienna they would fix the time and place of their next meeting in June and...

  • LONDON, May 16- A Swedish firm is looking to launch the first initial public offering to raise capital for investments in Iran since international sanctions on Tehran were lifted. Although global trade sanctions against Iran were lifted in January in return for Tehran curbing its nuclear program, the United States still forbids its own nationals and firms to...

  • VIENNA, May 16- The presidents of Armenia and Azerbaijan will meet in Vienna on Monday in an attempt by the United States, Russia and France to try to end violence in the breakaway Nagorno-Karabakh region and push for peace talks. It will be the first meeting by Armenian President Serzh Sargsyan and Azeri President Ilham Aliyev since a dramatic flare-up in...

  • MOSCOW, May 16- Russia's second-largest bank VTB made net profit in the first quarter of just 0.6 billion roubles, it said on Monday, worse than analysts had forecast. The financial result shows Russia's banks still face tough operating conditions despite signs that an economic slump is beginning to ease. VTB, like several other large Russian lenders, is under...

  • MOSCOW, May 16- Russian bank VTB made 0.6 billion roubles of net profit in the first quarter, it said on Monday, worse than analysts had forecast. Analysts had predicted VTB would earn 4.6 billion roubles in the first three months of the year. VTB, like several other large Russian state lenders, is under Western sanctions over Moscow's role in the Ukraine conflict.