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Dispatches: APAC’s millionaires are a match for Europe’s

Asia-Pacific’s number of millionaires equaled Europe’s for the first time last year as the region powered the global economy’s recovery, according to a report by Capgemini and Merrill Lynch. (Bloomberg)

China yesterday widely expanded a trial program on yuan-denominated cross-border trade – the latest step toward making the country’s currency an international one. (Shanghai Daily)

Chinese bank and real-estate shares are looking “attractive” to Henderson Global Investors following a slump in valuations this year and as China moves to make its currency more flexible. (Bloomberg)

Against the backdrop of a recovering economy, employer branding is increasing in importance as more job opportunities drive companies to compete for skilled labour, according to a recruitment specialist. (Asia One)

Asian economies are set to slow in the second half as their growth rates have peaked, Swiss bank UBS warned yesterday. (The Standard)

Macquarie, the world’s largest manager of infrastructure assets, expects new money for unlisted infrastructure funds to come from first-time investors, buoying a tough fundraising environment. (Business Spectator)

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