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Banks from China, Japan lead globalisation charge: McKinsey

Bloomberg Banks from China, Japan and Canada have overseen a surge in overseas lending since the financial crisis, helping to cushion a deep slide in cross-border capital flows thanks especially to a retreat by European banks, according to the McKinsey Global Institute. While the stock of global foreign holdings—including loans, equities, bonds and foreign direct investment—has remained about the same ...

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Kotak Mahindra asset sees one more India rate cut

Bloomberg The Reserve Bank of India will have scope to cut benchmark interest rates once again as growth in Asia’s third-largest economy slows and consumer-price gains stay within the central bank’s target range, according to Kotak Mahindra Asset Management Co. “You have a confluence of favorable CPI, lower GDP growth and a necessity to keep rates stable with easing bias,” ...

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Japan banks turn to private equity, hedge funds for returns

Bloomberg Japan’s regional banks are turning toward private equity, hedge funds and real estate in search of higher returns as regulatory concerns restrict ownership of foreign bonds. Alternative assets was the favoured choice of investment for five lenders, according to a Bloomberg survey of 11 regional banks conducted in August. Foreign bonds was picked by three respondents, while none of ...

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