Emerging market investors are betting that a bull run in China’s bond markets has further to go, even as Beijing signals increasing discomfort with a soaring rally in government debt. China’s central bank has been trying to cool a frenzy for long-term government bonds this year driven by local investors who have pushed yields down
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In Richard Desmond’s hands, simple objects become terrifying. There’s the receptionist’s bell that he uses to interrupt executives in board meetings, or the cups of tea that occasionally fly over underlings. For me, the terror begins when he picks up the wine list. This is Coq d’Argent, a rooftop restaurant overlooking the Bank of England.
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