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Those minutes showed policymakers were divided over the need for more interest rate increases, with some citing the risk to the economy of pushing hikes too far. MSCI’s world index was down 0.1% on Thursday, having dropped to its lowest level since July 6 early in the session. The latest development was embattled asset manager Zhongzhi Enterprise Group saying it will conduct a debt restructuring, a further sign of turmoil in China’s $3-trillion shadow banking sector.
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