Daily Dispatches: China tops inward M&A table

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China maintained its magnetism for international companies last year, attracting almost $35bn of new inward investment, according to analysis by international law firm Freshfields Bruckhaus Deringer. (Finance Asia)

Morgan Stanley has surrendered its banking license in India. Sources said the decision was caused by a reassessment of business strategy in the face of new regulations and stricter capital rules. (Asian Banking & Finance)

China is determined to pursue the internationalization of the yuan on a market-oriented basis, and will closely watch the spill-over effects of Japan's ultra-loose monetary policy, Yi Gang, a vice governor of China's central bank, told Xinhua news agency. (Shanghai Daily)

The staff in the currencies division of Citigroup have a new dress code. From now until February 22, everyone is strongly encouraged to wear brightly coloured, extra large T-shirts, even in meetings with the bank’s global head of foreign-exchange sales, who is known, temporarily at least, as a superhero called “Bernieman”. (Financial News)

Years after an electronic-trading onslaught began decimating their ranks, Wall Street traders are making peace with computers. (Wall Street Journal)

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