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Japan’s odd corporate cross-investment tradition is leading to write-offs in a number of firms which were holding stakes in now bankrupt Japan Airlines.
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The European Central Bank has made it clear that it will not bend its collateral rules to support Greek debt. Analysts say that the design flaws of European monetary union are now coming out in the open.
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Short-term and frequent capital flows into emerging markets have brought big pressure on governments to manage capital.
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