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South Korea exports hit one-year high despite trade war

Bloomberg South Korean exports are holding up just fine so far as the US-China trade war escalates, with shipments jumping by the most in a year during the first 20 days of September. Exports rose 22 percent from the same period a year earlier, the biggest increase since September last year, according to preliminary data released by Korea Customs Service. ...

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Danske executives to be held accountable as probe deepens

Bloomberg Denmark’s financial supervisor plans to hold board members of Danske Bank A/S personally accountable if the lender is again caught misleading authorities. “Their heads are on the block,” Jesper Berg, director general of the Financial Supervisory Authority, said in an interview as his office resumes an investigation into Denmark’s biggest bank. Danske has admitted that a tiny Estonian unit ...

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Shadow banker in India misses three debt payments

Bloomberg Infrastructure Leasing & Financial Services (IL&FS), an Indian shadow banker that defaulted on its commercial paper obligation earlier this year, missed payments again. The company, which helped fund India’s longest tunnel, defaulted on three non-convertible notes series, it said in a filing to the stock exchange, without disclosing the value of the debt. It was also unable to meet ...

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