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HSBC top South-east Asia dealmaker quits

  Bloomberg HSBC Holdings’ South-east Asia advisory head Andrew Lim is leaving the UK bank just a few months after taking charge of dealmaking in the region, according to a person with knowledge of the matter. The Singapore-based managing director had taken over the South-east Asia role after predecessor Alvin Lim left HSBC for CVC Capital Partners earlier this year, ...

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Bank of France warns presidential candidates to heed deficit targets

  Bloomberg Bank of France Governor Francois Villeroy de Galhau warned the nation’s presidential candidates that they need to meet deficit-cutting commitments or risk losing credibility with other European Union governments. “France has promised to go below 3 percent in 2017 and all our European partners are waiting or us. It’s the cornerstone of our credibility in Europe,” Villeroy de ...

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Weak trade is the ‘new normal’ in post-crisis world, says ECB

  Bloomberg Trade is likely to remain weak in the coming years, according to a report by the European Central Bank. While global trade grew on average roughly twice as fast as global output prior to the financial crisis, the ratio of imports to world GDP has largely stagnated over the last five years and will probably remain at current ...

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