Asia's NDB: The forgotten multilateral shows its face

Asia's NDB: The forgotten multilateral shows its face

July 02, 2020
By ELLIOT WILSON

The New Development Bank, born in Shanghai 2015 to help the five ‘Brics' countries, has had a good pandemic, disbursing $4 billion in emergency funding and printing a maiden US dollar bond.

Retail investors: the new lords of misrule

Retail investors: the new lords of misrule

June 19, 2020
By JON MACASKILL

The Hertz share sale saga has baffled many in the industry, but it has illuminated a new type of feral retail investor that is winning grudging respect from some of the financial industry’s aristocrats.

Finance: Hong Kong finds new ways to work

Finance: Hong Kong finds new ways to work

June 18, 2020

Street protests and a pandemic have forced Hong Kong’s bankers and investors to experiment with how they work and raise funds for clients – their innovations have been surprisingly successful and could well outlast the crises.

China: Covid bonds are more bond than Covid

China: Covid bonds are more bond than Covid

June 16, 2020

Chinese issuers responded to Covid-19 by selling bonds that were designed to help fight the pandemic – in reality, only a fraction of the money raised was used to tackle problems created by the virus.

Home offices get a tech upgrade

Home offices get a tech upgrade

May 26, 2020
By PETER LEE

Amid the wild price swings and surging volumes in bond and equity markets that characterized the first phase of the pandemic, traders just about coped while working from home.

Macaskill on markets: How to fight the Fed

Macaskill on markets: How to fight the Fed

May 26, 2020
By JON MACASKILL

Investors looking to profit from – and hedge against – credit deterioration due to Covid-19 will need to pick their spots when fighting the Federal Reserve.

Loans: Crunch time for credit

Loans: Crunch time for credit

May 20, 2020
By LOUISE BOWMAN

Central bank intervention has delayed the deluge of insolvency that Covid-19 lockdowns will cause, but it can only plug the dike for so long.

FCA to lenders: Watch your step

FCA to lenders: Watch your step

May 20, 2020
By MARK BAKER

The UK’s Financial Conduct Authority may struggle to show anything explicitly wrong in the awarding of recent equity mandates.

Chinese bonds: buyer beware

Chinese bonds: buyer beware

May 19, 2020
By ELLIOT WILSON

Foreign capital is flooding into Chinese bonds, but investors would be wise to scrutinize the myriad ways by which issuers can wriggle out of meeting their obligations.

Sovereign defaults: a thought exercise

Sovereign defaults: a thought exercise

April 29, 2020
By ROB DWYER

Breathless reporting of the details of the Argentine government’s offer to bondholders tends to presuppose there is doubt in the outcome.

Coronavirus: IPOs lose the human touch

Coronavirus: IPOs lose the human touch

April 16, 2020
By JONATHAN BREEN

Asia’s first virtual roadshows have paved the way for a new digital approach to IPO executions; they are a necessity at the moment, but they could become the new normal.