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Biden’s China policy greater risk for U.S. financial firms than Trump

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The Fearless Girl sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York on February 1, 2021.Brendan McDermid | ReutersBEIJING - As US-China tensions continue to ease under a new administration, the risks for American investors with exposure to China will only increase, according to a report by Cowen."We believe President...
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Business

China’s central bank warns of financial risks, including defaults

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People walk past the headquarters of People's Bank of China (PBOC), the central bank, in Beijing, China on September 28, 2018. Jason Lee | ReutersBEIJING - China's central bank on Thursday warned of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties.These risks include "oscillations" in the stock and...
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Business

Nomura had stellar financial year until warning of potential losses: Analyst

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The warning by the Japanese investment bank Nomura that losses in the billions could arise at a US subsidiary was "rather unfortunate," said an analyst on Tuesday.Nomura on Monday reported a potential loss of $ 2 billion from transactions with a customer in the United States. The bank's shares in Japan fell following the announcement, falling more than...
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