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Wednesday, May 21, 2014

PRESS DIGEST- Financial Times - May 21

Tue May 20, 2014 8:44pm EDT





<span id="articleText"/>May 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.



<span id="midArticle_0"/><span id="midArticle_1"/>Headlines



<span id="midArticle_2"/><span id="midArticle_3"/>PFIZER SCRAMBLES TO KEEP ASTRA BID ALIVE



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<span id="midArticle_5"/>GOLDMAN MOVES TO OFFLOAD METALS WAREHOUSES



<span id="midArticle_6"/>(http://ift.tt/1gNe2AT)



<span id="midArticle_7"/>CREDIT SUISSE UNDONE BY "BRAZEN" MISCONDUCT



<span id="midArticle_8"/>(http://ift.tt/1m28p0B)



<span id="midArticle_9"/>GERMANY FINDS EVIDENCE OF FOREX RATE-FIXING



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<span id="midArticle_11"/>BP'S CHIEF ECONOMIST LEAVES FOR ABU DHABI INVESTMENT AUTHORITY



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<span id="midArticle_13"/><span id="midArticle_14"/>Overview



<span id="midArticle_15"/><span id="midArticle_0"/>Pfizer scrambled for support from AstraZeneca's shareholders as the UK drugmaker rejected its offer of a 55 pound-per-share deal, and said there was no chance of renewed talks.



<span id="midArticle_1"/><span id="midArticle_2"/>Goldman Sachs has started the sale procedure for Metro International Trade Services - its metal warehouses network - calling it the right time to explore a sale, and the business not strategic to its clients.



<span id="midArticle_3"/><span id="midArticle_4"/>Credit Suisse's brazen misconduct and shamefully inadequate internal inquiry led to the Swiss bank pleading guilty to criminal wrongdoing, Attorney General cited as reasons for the guilty plea.



<span id="midArticle_5"/><span id="midArticle_6"/>Germany's financial watchdog charged Europe's biggest bank HSBC, U.S. bank JPMorgan and France's Credit Agricole with rigging financial benchmarks linked to the euro, exposing them to potential fines.



<span id="midArticle_7"/><span id="midArticle_8"/>BP's chief economist Christof Ruhl, who had been overseeing the energy giant's long-term energy outlook, has decided to leave the company to join as research head at Abu Dhabi Investment Authority. (Compiled by Aashika Jain in Bangalore; Editing by Eric Walsh)



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