Cash managers adapt to tougher times

In a period of financial crisis corporates are particularly concerned about avoiding risk, but are also keen to get their cash working at a time when credit is hard to raise.

CMBS: We can’t work it out

Senior and junior noteholders are at war, navigating a complex legal web to extract some value from Europe’s unravelling CMBS market.

Sub-prime, China style

Billions of dollars of foreign investment flooded into fast-growing manufacturers and real estate developers at the height of the China boom.

Banks raise earnings expectations

Last month executives of the world’s largest banks, alarmed at collapsing share prices, told everyone what a profitable start to 2009 they had enjoyed.

Lazard sticks with its own advice

With the business models of many of the largest financial firms destroyed by rapid deleveraging, it suddenly looks smart to be a purveyor of independent advice.

Mexico set to relaunch Farac II

Mexico’s transport and communications ministry, the SCT, is expecting soon to relaunch its second federal highway re-concessions programme, Paquete del Pacífico, known as Farac II.