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Dispatches: The rise of Asian IPOs

Asian IPOs are back. But the help they are getting from a small group of wealthy backers should give investors pause. (Wall Street Journal)

Accusations made by a new Chinese credit agency that its western counterparts caused the financial crisis were rejected by the head of McGraw-Hill Companies, which owns Standard & Poor’s. (Financial Times)

In an effort to enhance its equity business, Standard Chartered Bank has appointed veteran banker Simon Brookhouse as its global head of equities. (Finance Asia)

The Australian arm of global banking giant HSBC plans to increase its corporate lending business. It also plans to leverage its international balance sheet to win market share from its major domestic rivals. (The Australian)

Wealth manager AXA Asia Pacific Holdings has reported a 19 per cent drop in first-half net profit and says management has not been distracted by its potential acquisition by National Australia Bank. (Sydney Morning Herald)

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