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  • Standard Chartered has taken a knife to its global equities division as it seeks to cull some of its loss-making businesses. The move is expected to affect around 200 jobs, the majority of which are in Asia.
  • Virgin Active, the UK gyms business part-owned by CVC Capital Partners, is reportedly considering an IPO in Johannesburg that could value it at up to £1.5bn.
  • Deutsche Bank has appointed two bankers in new positions to focus on technology in its US equity capital markets team, as it seeks to grow further in what was already a booming sector for IPOs last year.
  • European stockmarkets began the first full week of the year in pitiful shape. Shares plummeted on Monday, as political concerns surrounding Greece and the falling price of oil further spooked investors.
  • The Hong Kong Stock Exchange (HKEx) will allow short-selling on the Shanghai-Hong Kong Stock Connect later this month and will unveil a system to track investors' holdings in March, the latest in a series of measures to lift sagging volumes on the trading link.
  • The Shanghai-Hong Kong Stock Connect initiative opened to much fanfare on November 17, but the enthusiasm quickly gave way to much disappointment as trading volumes collapsed in the following days. It can be tempting to dismiss the initiative as something of a failure, but dig a little deeper and it is clear that the programme’s potential is still untapped. It could well revolutionise the Chinese market in 2015, just as it was supposed to.
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