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Japan’s lenders break with Wall Street by embracing hybrid work

Workers at Japanese banks aren’t having to rush back to the office, unlike their counterparts on Wall Street, even as the country gradually returns to normal life after the pandemic. The nation’s three largest lenders — Mitsubishi UFJ Financial group, Sumitomo Mitsui Financial group and Mizuho Financial group  — said they are allowing more flexibility, eschewing a minimum number of ...

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Sunak to struggle in fight to lift UK stocks out of doldrums

Rishi Sunak might be a safe pair of hands for the UK economy, but investors don’t expect his premiership to give a significant boost to country’s beaten-down equities. While the ex-Goldman Sachs banker is set to bring an end to the kind of extreme volatility that characterised Liz Truss’s brief tenure in Downing Street, Sunak’s more prudent fiscal approach is ...

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China rout puts focus on stocks with foreign holdings, says BofA

A record exit by overseas investors from mainland-China equities is putting a fresh focus on stocks with high foreign ownership. Statistics on foreign ownership was the primary client query at Bank of America Corp (BofA) after a leadership reshuffle — which tightened President Xi Jinping’s grip over the country’s ruling party — spurred a historic market rout. “The number one ...

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