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Citi India has appointed UBS veteran Arvind Vashistha head of equity capital markets for India. -
Northbound trades on the Shanghai-Hong Kong Stock Connect hit their daily quota before 2pm on its maiden trading day, in a blowout success for at least one half of the landmark trading link.
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The Shanghai-Hong Kong Stock Connect, which goes live on Monday, is temporarily waiving taxes on capital gains for users of the landmark trading scheme, although dividends will be levied a 10% tax.
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The Reit Association of Singapore (Reitas) will become Singapore’s first representative body for the industry when it launches next week. Keeping Singapore a competitive financial hub for real estate investment trusts (Reits) is one of the association’s goals, according to its CEO.
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Intesa’s corporate and investment banking arm, Banca IMI announced third quarter profit of €58.5m on Monday, nearly half the €119.7m it reported in Q3 2013, driven down by high operating costs.
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HSBC Global Asset Management has launched its China Multi-Asset Income Fund. The fund, which invests in both stocks and bonds in onshore and offshore Chinese markets, as well as H-shares, is slightly skewed towards equities.
