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Sunday Papers - China - Cyprus and Hedge Funds

Today’s breakdown of the Sunday papers:

China RMB debate: The renminbi’s road to full internationalization

http://www.euromoney.com/Article/3229831/China-RMB-debate-The-renminbis-road-to-full-internationalization.html

The chief executive of Wonga has defended the payday lender by claiming it is “a powerful force for good in the financial world.”

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10206825/Wonga-is-a-force-for-good-founder-claims.html

Hedge funds have a performance problem. Since the turn of the decade, Wall Street’s master stock pickers have spectacularly failed to beat the market

http://www.ft.com/cms/s/0/33defe3a-f3d7-11e2-942f-00144feabdc0.html#axzz2aLb53sCW

History shows India's growth concerns will override rupee defense

http://www.reuters.com/article/2013/07/26/us-india-economy-policy-analysis-idUSBRE96P06S20130726

Cyprus, lenders set Bank of Cyprus bail-in at 47.5%, sources say

http://www.reuters.com/article/2013/07/28/cyprus-bank-idUSL6N0FY09020130728

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