Asia Pacific
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China’s HSBC flash manufacturing PMI jumped in December but new export orders fell, indicating the recovery relies on domestic consumption -
French lender BPCE debuted in Samurai on Friday, raising ¥67.2bn (€613m) of senior funding across three tranches. The bank is now around €5bn into its 2013 funding requirement, and plans to become a regular borrower in the Japanese market going forward.
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Economic growth in emerging markets has “accelerated a little” in the fourth quarter, an economic research consultancy’s data show
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Taiwan’s ambitions to become the next offshore renminbi hub will continue to be hindered by its political strains with the mainland, suggesting potential difficulties in building infrastructure.
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Top 3 Offshore RMB DCM Transactions - 2012 YTD
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Westpac has brought its second US dollar bond of 2012 — the fifth such deal from Australian banks this year. Following a US roadshow last week, it was heavily oversubscribed and priced on Tuesday at less than half the spread of its first US deal, launched in November 2011.
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A new index measuring the strengths and weaknesses of various energy systems has revealed surprises, with some emerging markets scoring high
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Lending by China’s banks came below market expectations, while the share of the non-bank sector in total lending has advanced
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China’s central bank has five policy options for the renminbi but will most likely take a hands off approach to intervention and gradually allow for a more market driven FX rate.
