Macquarie announced a profit guidance upgrade prompted by a win from its commodities business thanks to the crisis in Texas. It’s a bad look, but illustrates a complex and flawed market, and a bank with a great eye for a niche.
The FTSE250 company launches an open pre-emptive share offer underwritten by a concert party of wealthy individuals to appease creditors in its pub securitization.
Laos has twice postponed a bond that it badly needs to issue. A small country with few financing options, hit by Covid, downgraded and in debt to China – its problems are not unique.
What They Said
Alison Harding-Jones, at Citi, on the 'extraordinary flow of money into stocks driving valuations'
Darrell Duffie, at Stanford Graduate School of Business, on treasury market dislocation
Kanika Thakur, at Citi, believes DLT interoperability is key 'for it to be truly beneficial'
‘To make sustainable trade finance a reality there has to be a positive angle – the obvious is capital relief’Luca Corsini, at UniCredit, points to regulatory incentives to generate real momentum
HSBC has been talking about pivoting to Asia for decades. Now, it doesn’t just mean Hong Kong and its immediate surroundings. It is about time.