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Dispatches: Citi to triple China workforce in next three years

Citigroup plans to almost triple its workforce in China by hiring up to 7,500 people in the next three years. Citigroup, which has 4,500 employees in China, will hire more in that country that in any other Asia-Pacific market, according to Bloomberg’s interview with Stephen Bird, Citigroup’s co-chief executive officer for the region. (Reuters)

The latest survey by the Bank for International Settlements (BIS) ranks Singapore as the fourth largest foreign exchange (FX) centre globally and the second largest FX centre in Asia, after Tokyo. (Asia One)

The debut of four futures contracts on the Singapore Mercantile Exchange and a rival’s announcement that it will introduce metals-futures contracts highlight the inroads futures trading is making in Southeast Asia. (Wall Street Journal)

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