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China looks to Brexit, EU for cross-border finance

Bloomberg Chinese researchers are watching the UK’s impending exit from the European Union (EU) to see what kind of arrangements are put into place to allow regions with separate economic and regulatory policies to have an integrated financial market. The future of the UK as a European financial services hub after Brexit is of interest as China seeks to develop ...

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Hong Kong faces rising borrowing costs

Bloomberg Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since August. The Hong Kong Monetary Authority bought HK$1.51 billion ($192 million) of local dollars during London and New York trading hours after the currency fell to the weak end of its trading ...

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Japanese machine tool orders fell 29% in Feb

Bloomberg Japan’s machine tool orders fell 29 percent in February from a year earlier, the biggest drop since October 2009, adding to signals that a global slowdown is hitting the world’s third-largest economy. While the gauge is volatile, the latest drop is the fifth straight and marks an acceleration in the decline, according to data from the Japan Machine Tool ...

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