Will the BAB programme be renewed?; California deal shows signs of relief

Private sector spend up 12-fold; IDFC plans to triple loans

Ultra wealthy not the key for revenue; Case for open architecture looks flawed

New FIG chief William Fall is building on bank’s DCM and structuring strengths; Bank sees business opportunity arising from its own traumas

Threatens UBS dominance in core IB revenue; Still lags competitors in Australia

Nigeria’s impending dollar sovereign bond comes at a time when demand for African sovereign paper exceeds supply. African states are cautious about entering the capital markets despite the many good reasons for issuance. Nick Kochan reports.

With an increasing number of late-stage venture-backed companies delaying public offerings, a new alternative stock market is springing up.

Despite attractive yields and improved turnover in a few prime markets, the European commercial real estate recovery remains tentative as supply and finance constraints continue to restrict activity. However, bright spots are emerging for funds that have been able to put the worst of the debt crisis behind them. Joti Mangat reports.

During the financial crisis big became synonymous with bad. But in pensions management super-sizing can seriously increase your wealth.

One year on from the revelation of Dubai World’s debt problems the emirate is looking to the foundations of its prosperity – its position as a trade, transport and services hub – for recovery. Can Dubai trade its way out of trouble? Dominic Dudley reports.

BR Partners breaks into top-five Brazilian advisers; Firm seeking investment banking licence

Investor points to Uruguay, Dominican Republic; Bullish on Argentine sovereign debt

Arminio Fraga and his partners have just sold asset management firm Gávea to JPMorgan’s Highbridge Capital Management. The deal for the Brazilian company is staggered over five years, and crucial to it is that Fraga will continue to lend his expertise for at least that long. Fraga talks to Rob Dwyer about the firm’s strategies, the deal with JPMorgan and Brazil’s economic prospects.

Pension funds are slashing their allocations to equities and reorienting their portfolios to more accurately match liabilities. Strategically that makes sense. Tactically it smacks of buying at the top and it is already creating distortions in markets.

Year-end markets boom continues; JPMorgan reaches the top

CEO Khosla sees China as key; Banks outsource research, advisory to cut costs

Investors should diversify into developed market companies with high emerging markets exposures to capture these economies’ growth.

The easy environment is pushing asset prices in Latin America to boiling point.

The proposition that if you build an investment banking franchise clients will come was severely tested in the third quarter. Sales and trading revenues were weak for most dealers, though with wide variance between big firms. Results were particularly poor for banks such as Morgan Stanley and UBS that had been rebuilding their investment banking franchises on the assumption that an aggressive push into flow business lines would result in increased client volumes.

To hire seven FIG bankers by December; Adding 50 in Asia over next nine months

Acute mid-market refinancing need; New funds target sector

Canadian bank sees great potential to distribute credit investments; BlueBay’s founders hope clients will take comfort from RBC’s capital strength

Includes Bonds, Equities, Loans, M&A, MTN, Project Finance

Renewed quantitative easing is not a sound answer to the threat of double-dip recession or deflation. A credit bubble cannot be cured by pumping in more credit.

Energy and commodities focus persists; Growing frustration on Latin side

Cross-border regional ties growing; Asian investment interest emerging

Biggest province to issue bond; Investors attracted by juicy yields

Canada’s PotashCorp up for grabs; China’s Sinochem might intervene

Moves to curb supposed speculation on futures exchanges are pointless populism, as commodity price spikes reflect physical market supply/demand factors.

Rating agency clarification boosts market; Some investors say hybrid debt is flawed