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It is rare for investors to take short positions in securities of Indian companies. Securities rules in India also make it hard to quietly build short positions. Institutional investors are obliged to disclose their short positions upfront and there are other restrictions and registration requirements on foreign investors. In Adani, for example, Hindenburg held the short positions through U.S.-traded bonds and non-Indian-traded derivatives. China's strict investment rules make it all but impossible to take short positions in domestic-listed Chinese stocks from overseas.
SINGAPORE, Nov 11 (Reuters) - Credit Suisse (CSGN.S) has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major global restructuring plan. One of the sources said the cuts in Southeast Asia affected teams involved with products, sector coverage and capital markets, but had not impacted managing directors. Jobs were also being cut elsewhere in the region, the two sources said, but did not provide details. The overall job reductions in Asia were less than what most employees had expected, three sources said. ($1 = 0.9649 Swiss francs)Reporting by Anshuman Daga and Scott Murdoch; Editing by Christopher Cushing and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
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