Xiang Songzuo, chief economist of state-owned ABC, says China’s next raft of reforms – from retooling state-owned enterprises to tackling local government debt burdens and environmental challenges – will involve a disruptive shift in the political system.
Since 2002, Ali Babacan has earned Turkey’s government the trust of markets.
Bovespa is to abandon its volatility-driven index methodology.
Just as international institutional investors bought into the Spanish recovery story this summer, Sabadell caught the moment with a €1.4 billion equity deal to shore up its balance sheet and provide for future loan growth.
Bank of England governor Mark Carney is correct that the City of London should be open to global finance.
Global regulators are pumping out new rules to address potential systemic risk within the shadow banking system, with money-market funds and repo in the firing line.
Firms seek out non-US counterparties; Rules trigger move away from multi-dealer platforms
Swap agreement reflects growing trade; London has competitive advantage
Best to be big, preferably Mexican and almost certainly not Brazilian.
Many Rwandans questioned the need for the country’s inaugural Eurobond.
Kenya has waited nearly seven years to get its debut Eurobond issue off the ground, so why not wait a few more weeks?
Hong Kong’s exchange, starved of big IPOs, is adopting a more conciliatory tone on the landmark potential listing.
Fitch upgrade a propitious sign despite default history; Oil-field developments and hydro-power prospects
In January 2013, at the World Economic Forum annual meeting in Davos, Rwanda’s president, Paul Kagame, proudly announced the launch of the East African Commodity Exchange (EAX) in Kigali.
AS Watson under strategic review; IPO would be Asia’s biggest in three years
Norges Bank ties up with Axa for real estate loans; AUM at global sovereign wealth funds top $5 trillion
Domestic funding only small-ticket, short-term; Sovereign’s status a hindrance
Foreign-currency availability a constraint; Transport costs weigh heavily
Debt ceiling concerns cause exodus; Long-term damage as global investors turn away
Germany will dig in its heels about structures that might put it in a minority in decision-making and might expose its taxpayers to unwanted bailouts.
Capital is flowing into Spain in expectation of the economy’s return to growth but optimism might be excessive.
Although Kenya missed out on low nominal yields for emerging market issuance before the May to August rout, the country will not pay through the nose for credit-specific risk, despite the recent terrorist atrocities at Westgate Mall, its twin deficits and large size of the deal at $1.5 billion to $2 billion, say analysts.
The IPO of Tinkoff Credit Systems, a Russian consumer finance bank, trounces rivals’ valuations, even as bad debts tick up and tighter regulations loom.
Many market players are still largely unprepared for the European Market Infrastructure Regulation, which aims to transform the derivatives market, writes Rule Financial’s David Field.
The IMF/World Bank meetings took place as chaos loomed in Washington – but you’d never have known it.
Includes Bonds, Equities, Loans, M&A, MTN, Project Finance
More than five years on from the credit crunch that shook the world to its core, tail risks continue to undermine investor returns, according to the latest quarterly results of Euromoney’s Country Risk Survey.
The head of the world's largest international lobbying group for financial firms issues a sharp warning on global regulatory fragmentation, risk-weighting of sovereign debt and China’s reform agenda.
US soft power is in peril thanks to the country’s self-imposed fiscal crisis, says Charles Collyns, the chief economist of the Institute of International Finance and former US Treasury official.
Moody’s strips equity credit from €750 million deal on downgrade to junk.
Forget about the Belgian dentists and German doctors of old.
AllianzGI survey finds increased regulation costs investors 2.3% of performance.
Issuer ‘comes of age’; creates first euro benchmark.
Dell’s bumper LBO shows the high yield pendulum has swung back to loans as investors seek floating-rate exposure.
Funding more costly, but less so than expected; Colombia, BNDES and Mexico lead the way
S&P might be taking too narrow a view when it identifies tech glitches as a credit risk for exchanges.
Long-only buyers reassert influence; $62.8 billion issuance year-to-date.
Turkey and Russia need to watch out; their regional dominance of investor attention is no longer so assured.
S-1 filed in secret; Market capitalization could be $16 billion
S&P points to heightened operational risk; Nasdaq cushioned by diversification
Act now, bankers advise; Weaker names to struggle
Huishan Dairy deal shows how the trend for multiple bookrunners is out of control.
Short-term rates must rise; Equities to reverse 20-year underperformance
Comb back through reports and analysis filed by sell-side analysts in the run-up to the Federal Open Market Committee meeting on September 18 and you’ll struggle to find any predicting that the Federal Reserve would continue apace with monthly purchases of agency MBS and Treasury securities.
The Fed’s U-turn on tapering and the likely shakiness of any coalition Merkel builds in Germany both add uncertainty to investor sentiment.