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...But even Barclays’s conclusions are sunny incomparison with the gloomy opinions of Deutsche Bank’s perma-bear, John-Paul Smith....
...John Kong, UOB’s head of cash management and trade services, says having a renminbi clearing bank in Singapore would have added benefits beyond the simplification of the settlement system....
...“There’s an incentive for the Chinese importer and foreign exporter to settle in renminbi and split the difference,” says Dariusz Kowalczyk, a strategist at Crédit Agricole....
...This, according to Eckhard John, a musicologist at the Deutsches Volksliedarchiv, was music used as a form of ritual humiliation of prisoners....
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