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PRESS DIGEST- Financial Times - April 11

Source: Reuters - Fri, 11 Apr 2014 00:44 GMT
Author: Reuters
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April 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

RUSSIA'S VTB CHIEF ACCUSES BANK OF ENGLAND OF MEDDLING

(http://link.reuters.com/car48v)

KIOSKED TURNS UK NEWS SITES INTO ONLINE SHOPPING CENTRES

(http://link.reuters.com/dar48v)

RUSSIA PROBLEM RUMBLES ON FOR BP

(http://link.reuters.com/far48v)

ETIHAD AND ALITALIA TALKS STALL OVER JOB CUTS

(http://link.reuters.com/gar48v)

CO-OP BANK TO WITHHOLD BONUSES FROM FORMER EXECUTIVES

(http://link.reuters.com/har48v)

Overview

Russia's second-largest bank VTB said the Bank of England had made demands of its UK subsidiary regarding capital and liquidity that were "unjust" although it saw no immediate threat to its business there.

Some UK news websites have begun the use of automatically embedded advertising service provided by the Finnish start-up company Kiosked, which charges a commission of sales via these advertisements, and calls the phenomena the next phase of ecommerce.

BP Plc's heavy presence in Russia may prove to be a weakness rather than once considered strength for the oil major as tensions between the country and Ukraine continue after its annexation of Crimea.

Gulf carrier Etihad Airways is seeking to become the largest shareholder in Alitalia, and wants to slice off 12,000 staff of the Italian national carrier's staff, people with direct knowledge said.

Britain's Co-operative Bank is expected to cancel millions of pounds of bonuses to former employees including former Chief Executive Officer Neville Richardson in an attempt to steer out of controversy over past misconduct. (Compiled by Aashika Jain in Bangalore; Editing by Lisa Shumaker)

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