Some issuers are grabbing the opportunities offered by a new capital markets year. Others would do well to face reality sooner rather than later.

Will 2023 be Brazil’s year – or Mexico’s?

It seems difficult to convince investors that higher bank profits are sustainable.

Can the early volumes be sustained through the year?

Asset managers are spooked by mandatory disclosure regulations coming into force in January. This is good news for the anti-greenwashing campaign, not so much for biodiversity lovers.

On December 1, EU member states agreed on a general approach for the Corporate Sustainability Due Diligence Directive. The final text shields banks from their full responsibility to prevent environmental harm, thanks in part to France’s post-Brexit ambitions.

The first nine months of 2022 have seen investment banking revenues plummet globally.

The World Cup is set to kick off in Doha on November 20 against the backdrop of recession, war, inflation and rising interest rates elsewhere.

Asia’s central banks have fought hard to protect the value of their currencies this year as the dollar has soared. But each of them has a limit to their appetite for that defence.

China, the US, Australia and Japan are all conducting a curious courtship with Pacific nations, hoping to build trade relationships, climate resilience and security agreements.

For one, it brings power to its digital operations, for the other a much-needed injection of funds. But it doesn’t change a grim operating environment.

Clearing up after the government’s mess will only provide a short break in the repricing of UK risk.

China has in the past felt compelled to accept the terms of IMF programmes in struggling nations without due consideration of its own views.

The pandemic and the war in Ukraine have brutally exposed the fragility of global supply chains.

As the world’s biggest investment banks prepare to report third-quarter earnings in October, the signals are bad across the board.

Anti-ESG boycotts are unlikely to cross the Atlantic.

Bank of Cyprus has its quirks – such as a sanctioned oligarch as a large shareholder – but it is far from the only European bank with good potential still shunned by mainstream investors.

Chinese investors are buying bonds issued by local government financing vehicles as fast as they’re printed – due to a cratered property sector, a lack of other buying options and a perception it’s a safe asset class. But analysts warn LGFV defaults are imminent and could result in a wave of credit events.

The government is prepared to take drastic measures to reduce the nitrogen produced by livestock. But as farmers resist being pushed out of a profitable sector, the dispute demonstrates the cost of turning climate agendas into a race to cut emissions as quickly as possible.

In a desperate effort to catch the next boom in assets with no fundamental value, institutional investors are hunting for new ways into crypto – and asset managers seem only too happy to supply them.

A just transition should protect smaller firms from paying the price for the carbon emissions of larger ones.

While Germany fires up its coal-burning power stations once more, it’s almost as if the country itself is protesting.

Will higher rates today come at the price of more pain tomorrow?

Companies that publicly commit to net zero by 2030 need to be held accountable for those commitments. That won’t happen until their carbon footprint becomes publicly available data.

The idea of capping the price of Russian oil and gas exports sounds good in theory, but it might be better to test methods for energy rationing.

Stress tests mean that banks must assess their own climate impact. The glaring data gaps will close as the science progresses and methodologies evolve.

The first three months of the year have been tough for many investment banking business lines, but Europe’s banks are putting up a good fight against the might of the US firms.

The Swiss bank is still paying for its misdeeds, but this might be a taste of what’s to come for others.

The pressure for a short-term boost to ROE might force Bradesco to re-evaluate its insurance portfolio.

Crédit Agricole’s purchase of a 9.18% in Banco BPM could have benefits, even if it doesn’t presage a full takeover.