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Dispatches: Japanese banks boost their US businesses

A shortage of attractive targets is preventing Japanese banks from expanding market share in the US through mergers and acquisitions, but the credit crunch facing US banks is boosting business in the world’s largest market, say senior Japanese banking executives. (Financial Times)

Singapore will limit its number of foreign workers to a third of the working population. About 80,000 foreign workers will be added in 2010, lower than the 100,000 estimated earlier. (Wall Street Journal)

London International Financial Futures Exchanges is looking to expand transactions of European derivatives in Hong Kong. (The Standard)

What would you do if you had US$900m? For multinational management consulting company Accenture, it couldn’t be put to a better use than investment in its global training and human capital development. (Asia One)

Australia’s major banks will need to borrow up to $140bn from local and offshore markets over the next year to help fund their lending books because demand for credit continues to outstrip growth in deposits. (Sydney Morning Herald)

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