August 2011
| Euromoney August 2011 Trust has broken down between IPO vendors and issuers and traditional investors in new stock offerings in Europe. Deal arrangers seem incapable of bridging the valuation gap between the two sides. In bloody markets, hedge funds have been the buyers of last resort but some have wreaked havoc on the IPO process. The only thing all sides agree on is that something needs to change. Peter Lee reports. |
Euromoney August 2011
If the Obama administration and the rating agencies are to be believed, the US is looking down the barrel of its first ever default. Yet yields on treasuries continue to set new lows and the dollar remains relatively stable. This paradox reflects the fact that investors don’t yet believe the hype about the consequences of a ceiling breach. Joti Mangat reports.
Euromoney August 2011
The Bank of Israel governor tells Dominic O’Neill why he was disqualified from the IMF managing director short list, and discusses the challenges that the institution and new appointee Christine Lagarde face.
Euromoney August 2011
Bank of Israel governor Stanley Fischer’s bid to be managing director of the IMF might have been successful, had the position been awarded on merit alone. Euromoney spoke to Fischer the day after the IMF announced it had selected Christine Lagarde.
Euromoney August 2011
Investment banks’ revenues in Japan are down by a third this year. But the March tragedy has accelerated Japanese companies’ plans to expand offshore, with outbound M&A at record levels. For both groups, it is time for a make-or-break strategic rethink. Lawrence White reports from Tokyo.
Euromoney August 2011
More than 500 people gathered at the Brewery in London on July 7 to receive their awards – and help raise almost £600,000 to build a school in one of Africa’s biggest slums.
Euromoney August 2011
Country risk scores are improving steadily across the top tier of Latin American borrowers, including Chile, which now has a score consistent with a triple-A rating. Brazil has fallen two places in the table as concerns grow that the economy is overheating, while Colombia scores ahead of Mexico and Panama in the list of the continent’s safe havens. Andrew Mortimer reports.
Euromoney August 2011
Thailand’s Euromoney Country Risk score has steadily deteriorated since September 2010, reflecting analysts’ concerns about the policies of the Puea Thai (PT) party and possible violence between the country’s political factions.
Euromoney August 2011
As the sovereign debt crisis grinds on, the world’s top credit analysts are having to adapt to the needs of their firms’ biggest clients. Valentina Zarya reports.
Euromoney August 2011
Results based on only the opinions of the world’s largest asset managers by AUM.
Euromoney August 2011
Cordiant Capital is at the vanguard of private loans, a small but increasingly important investment class in the emerging markets. Sudip Roy reports.
Euromoney August 2011
The sector is enjoying substantial growth in assets, but converting this into profitability is a challenge, partly because of clients’ preference for low-fee, fixed-income products. And high interest rates are holding back growth in equity markets.
Euromoney August 2011
Regulatory criticism of synthetic and levered ETFs might force asset managers out of these products altogether. The bigger risk is that it tarnishes the entire trillion-dollar ETF industry. Louise Bowman reports.
Euromoney August 2011
Total Derivatives’ 2011 interest-rate derivatives rankings were surveyed in the midst of a choppy, troubled market in which inflation-linked products have come to the fore and concerns about regulatory demands remain prominent. Mark Ramsden reports.
Euromoney August 2011
Euromoney August 2011
Both local and international players are trying to break into a growing onshore private banking market in the Middle East. In the second part of Euromoney’s roundtable on this market, participants discuss how they are managing to attract and retain relationship managers, how they intend to grow their businesses, and how best to advise clients on risk.
Euromoney August 2011
Q2 numbers put €10 billion target in jeopardy; Jain and Fitschen to take over from Ackermann
Euromoney August 2011
JPM expands into Europe as other firms add heads; Optimism for hedge fund industry growth
Euromoney August 2011
The Spanish bank deal was priced to go; Government pressure might have helped
Euromoney August 2011
Record outflows in June; Leveraged loans hold firm
Euromoney August 2011
Sovereign stress might limit refinancings; Covenant threat from revolvers
Euromoney August 2011
Potential market hit hard; Market impetus moves to investor pull
Euromoney August 2011
Sovereign debt crisis increases client demand for research; Pending capital requirements push banks to advice-based model
Euromoney August 2011
Growth exceeds expectations; Chinese authorities slowly loosen capital controls
Euromoney August 2011
Under pressure on interest rate policy; A critic of growing government debt
Euromoney August 2011
Euromoney August 2011
JAL re-listing seen as likely market catalyst; Nikko AM and Nexon other possible listings
Euromoney August 2011
Issues $500 billion international bond; Raises $1.6 billion for private equity fund
Euromoney August 2011
Opening for business in Peru; Expects to grow on Lima exchange
Euromoney August 2011
Euromoney August 2011
Loan write-off legislation delayed; Banks “too cautious”, analysts allege
Euromoney August 2011
Russian lender takes advantages of banking woes; Foreign banks under pressure in Russia
Euromoney August 2011
Euromoney August 2011
A slowdown in emerging markets growth is the last thing a troubled global economy needs.
Euromoney August 2011
US regulators face a struggle in enlisting China to stamp out stock frauds.
Euromoney August 2011
Banks find it difficult to square governments’ pressure to increase lending with governments’ parallel pressure to reduce bank risk .
Euromoney August 2011
Recoveries in Europe for distressed junior lenders compare well with the US despite the lack of a single bankruptcy framework.
Euromoney August 2011
If there is scant market reaction to a downgrade of the US sovereign, rating agencies will lose face.
Euromoney August 2011
Euromoney August 2011
The collapse in fixed-income revenues at Goldman Sachs in the second quarter might accelerate the war of succession between rivals for the role of next chief executive.
Euromoney August 2011
Goldman’s bottom-of-the-class second-quarter trading performance has sparked renewed speculation about the succession to chief executive Lloyd Blankfein.
Euromoney August 2011
A lengthy, post-stimulus grind of deleveraging is the most likely model for the world economy in the immediate future. This heralds some years of balance-sheet restructuring.
Euromoney August 2011
Mark Johnson looks at an updated version of a classic work on the origins and development of Europe’s single currency.
Euromoney August 2011
The initial relief rally that greeted the second bailout plan for Greece last month was predictably short-lived.
Euromoney August 2011
Euromoney August 2011
Euromoney August 2011
Euromoney August 2011
Euromoney August 2011
Euromoney August 2011
