If Petrobras is considering an equity transaction in 2014, the implosion of Eike Batista’s OGX group this year won’t be helpful for investors’ perceptions of the risk of Brazil’s oil exploration and production industry.
When Brazil’s national oil and gas champion raised $70 billion from a capital increase in 2010, it was trumpeted as a once-in-a-decade event.
Banks heading for profit decline in 2013; Stock market continues strong performance
Investment banks have taken heart from more buoyant equity capital markets, but they are probably putting too much store by potential blockbuster deals such as an Alibaba IPO.
Nasdaq CEO Bob Greifeld’s head must be spinning.
Five global coordinators named on deal; Investors look for detail on company activities
Europe’s leaders are desperate to kick-start lending to the small and medium-sized businesses that are crucial to the continent’s economic recovery and see asset-backed securities as the key.
Convinced that reviving the moribund securitization market is the best way to channel funding to small and medium size enterprises, the ECB is now championing the financial technique at the centre of the systemic collapse five years ago.
Europe’s policymakers hope a new programme to facilitate securitization will help set free lending to small and medium-sized enterprises.
Petrobras, Brazil’s oil behemoth, is poised to breach its self-imposed leverage rules and will continue to have a large negative cash-flow position in the coming years, bringing the company’s investment-grade status into question.
Citi markets new deal; CDS at post-2007 tights.
As growth slows, Russia needs to become less volatile as a market.
China’s ambitious liberalization experiment in Shanghai, announced at the third plenum, could reshape national policy – but there are four key challenges that could thwart the project.
As international sanctions on the country are loosened after the ground-breaking, albeit tentative, nuclear deal, Iran’s influence in the region will undergo dramatic changes, argues Emad Mostaque, of Noah Capital Markets.
Eric Noll, in one of his last wide-ranging interviews as head of Nasdaq OMX Group’s trading business, revealed the exchange’s grand ambitions in fixed-income trading, including European rates, single-treasury futures and floating-rate notes.
Given the tax bias towards leverage, and regulatory equity thresholds for UK banks that remain a source of systemic risk from the Bank of England's own analysis, the governor is gambling that new, untested regulatory standards will temper systemic risk - even while gunning for the expansion of the financial industry.
BoJ official defends negative-growth impact of sales tax due in April amid mixed economic data.
CFO and acting CEO Viktor Belyakov defends his firm’s strategy amid one of Russia’s biggest corporate dramas this year.
The free-trade zone in Shanghai has been depicted as one of the biggest steps towards Chinese economic liberalization, but some analysts argue the risk of arbitrage and a lack of transparency will be difficult to overcome – while there is no consensus on whether policymakers are committed to full-scale capital-market liberalization.
Bondholders will vote on a revised offer by November 29; failure to pass resolution will trigger insolvency.
With resurging local interest and new catalysts for foreign investment, prospects are finally looking up for Gulf stock exchanges.
Verizon’s $49 billion bond deal rewrote the corporate finance record books.
The telecoms company’s $130 billion acquisition deal has both M&A and debt bankers salivating at the prospects for more jumbo takeovers.
As London positions itself as a hub for Islamic finance on the occasion of the ninth World Economic Islamic Forum, Badlisyah Abdul Ghani, CIMB Islamic CEO, predicts UK corporates are already primed to enter the sukuk market.