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Friday Papers: Capital flight rocks emerging markets

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Top stories Financial Times: Emerging markets will suffer a net outflow of capital this year for the first time since the 1980s as their economic fortunes darken and the US Federal Reserve prepares to lift interest rates. Financial Times: One of Wall Street’s top dealmakers suffered a setback on Thursday as shares in his newly-created advisory boutique fell as much as 16% on its public debut; lukewarm reception for PJT Partners, which is led by former Morgan Stanley banker Paul Taubman, signalled increasing concern among investors that the boom in mergers and acquisitions is coming to an end, analysts said. The Guardian: Volkswagen has admitted that it continued selling new cars in the UK...

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