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Fubon Life buys ECB’s first home in Frankfurt

Bloomberg The European Central Bank’s first home in Frankfurt — the iconic Eurotower — has been acquired by Fubon Life Insurance Co. It’s the Taiwanese company’s first deal in Germany. The office building, one of the most recognisable towers in the city’s financial district, served as the ECB’s headquarters until 2015 and is regarded as the birthplace of the euro. ...

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Nomura CEO signals more job cuts in Europe

Bloomberg Next year is shaping up to be another tough one for Nomura Holdings Inc’s employees in Europe, with more job losses likely as the Japanese securities firm shifts business away from the region to more profitable centers in Asia and the US. Japan’s biggest investment bank needs to cut staff while finding ways to spur revenue in the region, ...

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India rule on e-comm giants may hurt shoppers

Bloomberg India’s new rules for foreign e-commerce platforms may be designed to protect local companies from Amazon.com Inc. and Walmart Inc., but consumers are likely to suffer the collateral damage. Online marketplaces must treat all vendors equally by providing the same terms, India’s trade ministry said. In practice, this means barring e-commerce companies from forcing a seller to feature products ...

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