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Consumers taking Bank of Canada rate hikes in stride

Bloomberg Higher Canadian interest rates don’t appear to be worsening the pain for consumers, yet. Some 53 percent of Canadians say rising borrowing costs haven’t had a negative impact on their personal spending, according to a survey by Nanos Research taken earlier this month. Around 43 percent of respondents say they are feeling at least somewhat of a pinch, with ...

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BEA falls most in 3 years after cut from Hang Seng Index

Bloomberg Bank of East Asia Ltd. slumped the most since July 2015 following news it will be cut from Hong Kong’s Hang Seng Index along with China Merchants Port Holdings Co., which also tumbled. BEA closed down 5.8 percent on Monday, making it the worst performer on the Hong Kong benchmark, even after paring some earlier losses. China Merchants Port ...

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Malaysia investment banks get more women chiefs

Bloomberg Malaysia has a higher proportion of female investment bank chiefs than any other big country. In the male-dominated world of investment banking, women are increasingly rising to the top in a place you might not think to look. Malaysia, a predominantly Muslim country better known for its recent political turbulence than its gender diversity, now has female bosses at ...

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