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Petrobras CEO Foster and five other top executives resign

Three ruling coalition members linked to Petrobras
The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday (February 4) amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company.
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Turkish banking regulator seizes control of Bank Asya

Turkish banking regulator seizes control of Bank Asya

Turkish banking regulators on Tuesday (February 3) seized control of Islamic lender Bank Asya, citing insufficient transparency to allow for proper regulation, after the bank suffered losses from the fallout of a political power struggle.