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Guosen Securities denies bond default

China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.

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Small Businesses in US

Index shows small businesses in US increase borrowings in November

The Thomson Reuters/PayNet Small Business Lending Index showed that small businesses in the US increased their borrowings in November 2013 compared to that of the previous year, Reuters reported.

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