Row 1 - Latest/Ad/Opinion
Row 1 - Latest/Ad/Opinion
LATEST
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UK CFOs remain cautious but optimistic, Deloitte finds
Quarterly survey reveals that UK finance professionals may be feeling more upbeat about prospects, but that this is yet to translate into a willingness to take greater risk onto balance sheets. -
Fintechs fret about lack of scale-up funding
UK fintechs attracted more investment than all European rivals combined in a tough funding market last year, but a broken IPO market leaves them with nowhere to go. -
Man’s Desmyter on what asset allocators want today
When clients talk to the world’s biggest listed hedge fund, market complexity, the use of technology and the need for customised solutions loom large in the conversation. Man Group’s president Steven Desmyter tells Euromoney how the firm’s evolving structure and approach reflect the priorities of the asset allocators it serves. -
Is Hong Kong’s IPO slump irreversible?
The Chinese financial hub just posted its worst first quarter for IPO proceeds in 15 years. With China’s economy stumbling and new local security laws deterring global investors, can anything stop the rot? -
Why digital bond issuance has disappointed
The challenges around distributed ledger technology implementation and integration for bond issuance have proved more significant than early proponents had hoped. -
Settlement failures: more common and more costly
Market conditions have heightened concerns over the potential cost of failed securities settlement as the world’s largest financial market prepares to move to T+1. -
Sustainability finance frontier still moving to Scope 3
The decision by the US SEC to drop mandatory Scope 3 reporting weakens global emissions reporting standards. However, many corporate issuers are already using Scope 3 performance targets on sustainability-linked transactions for non-regulatory reasons. Are the debt and equities markets leading companies onto ESG ground upon which regulators fear to tread? -
How Japan’s stock market reform inspires Asia
Stock market reform has not only revitalized the country's capital markets but has also permeated the real economy. Countries like Korea are quickly following suit. Interestingly, China also seems to be drawing inspiration. -
UK extends fundraising reform to private markets
While welcome, initiatives by the government and financial sector bodies designed to make it easier for companies to raise funds in the UK face a number of obstacles. -
Japan ends negative interest rates, but QE continues
As Japan puts an end to the global negative interest rate era, its central bank's QE programme remains in place and may be a model for peers. Investors maintain a bullish outlook on the stock market. -
European corporates find eager buyers in hyperactive bond market
A wall of liquidity among investors has helped to drive a busy start to the year for bond issuers, as they rush to capture tight spreads. -
FX: Mixed outlook for carry trades as markets read the runes on rates
Carry traders are going to have to work hard to maintain the momentum of the last few months if expectations of interest rate cuts in the US and hikes in Japan come to pass. -
Tokenization can improve transparency but brings its own challenges
Asset managers and industry regulators face operational challenges around the tokenization of private assets. -
Loan-on-loan market could fuel real-estate rebound
Caution at local commercial banks – coupled with the eagerness of large investment banks to foster relationships with private equity players – means large real-estate deals fuelled by back leverage could be primed for a comeback in Europe. -
NatWest retail offer will not solve UK’s problems
For a deeply unpopular government with little room to manoeuvre, the chance to bribe voters with a cheap offer of bank shares is irresistible. The bank in question is now well-run and profitable while its stock still trades at a discount. But the great NatWest share offer will do little to revive UK capital markets. -
Corporates rush to take advantage of better conditions
Accommodating credit markets mean that corporates are keen to get fundraising completed ahead of elections on both sides of the Atlantic. -
Sánchez ushers in reform at Cabei
Internal and external reforms are under way as the new president signals a break with the previous administration. -
Same-day settlement: to infinity and beyond
While the world’s biggest markets are still preparing for T+1 settlement, talk is growing of the next step – but going any faster would mean a total reworking of how markets function.
Row 2 - Long Reads
Row 3 - More/Sponsored/Ad
Row 3 - More/Sponsored/Ad
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First investment-grade debt capital markets started to pick up. Then it was high yield and now IPOs, as well as announced M&A
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President Javier Milei campaigned on cuts – and that is what he has delivered. But like all extreme diets, the approach is unsustainable. Time to rethink the plan.
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There almost certainly won’t be a Truss/Kwarteng-style meltdown in the US Treasury market – just persistent inflation, high rates, volatility and likely some form of monetary financing.
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Encumbered by an impotent fiscal policy and a sluggish stock market, bank lending could be China’s only route to economic recovery.
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With some big deals launching this week, Europe’s IPO pipeline is flowing at last. If they do well, they should put to bed the notion that ‘private IPOs’ are what is needed to provide exit routes for sponsors. A handful of recent deals shows that the biggest driver of success is doing the simple things well.
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The Brazilian government’s changes to the laws governing its tax-exempt debentures have allayed financial market fears that president Lula intends to rely on BNDES to fund billions spending on infrastructure, crowding out private-sector finance.
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In the wake of heavy losses and mis-selling to retail investors, there is an urgent need for an overhaul of risk management in the banking sector.
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Direct lenders commanded generous terms on leveraged buyout financing last year, but volumes were low and, now that they show signs of revival, the banks are competing once more.
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Funded by green bonds, decarbonized assets are driving emissions upwards in other sectors that supply the necessary raw materials and shipment services. A capital markets transition label ought to factor this in.