EEX and RWE partner up on power futures
The European Energy Exchange – EEX – and RWE Supply and Trading have signed a market maker agreement, aiming to boost liquidity in European power futures markets.
View ArticleMaturing P2P market disrupted by role of banks
Where online lenders once set out to disrupt the traditional banking system, now it is the role of banks shaking up the online lending market. With online lenders in Europe now reaching scale, the...
View ArticleVolcker rule in play as Congress takes evidence
Congressional Republicans started their attack on the Volcker Rule, with a hearing in committee about how the rule had damaged market liquidity and hurt companies' ability to raise capital. But some...
View ArticleCheer in ECM as volume doubles, led by rights, blocks
With the first quarter of 2017 nearly over, investment banks’ heads of equity capital markets can report to their bosses a much improved flow of business, compared with last year.
View ArticleVolatility surge smooths out but Trump trade wariness has set in for investors
An early week surge in volatility indices had retraced by Thursday, but historically low VIX and Vstoxx levels belie a shift in investor attitudes to the ‘Trump trade’.
View ArticlePrime MMFs lure cash from US govvies
US money market fund investors are applying a more bullish approach, with $20bn of cash returning into prime and alternative money funds from government funds since November 2016, according to Fitch.
View ArticleCost of leverage ‘collapsing’ in UK marketplace lending
The steady growth of online lending in the UK compared to the frantic pace of the US could be a boon for platforms looking to tap securitization for funding, as the cost of funding diverges in both...
View ArticleEuro pipeline swells as dealers eye short end
The euro market looks set to swing back into full action next week as borrowers launch into their second quarter funding requirements, with an unusual amount of attention clustering around shorter...
View ArticleArvos tees up add-on with Friday bank meeting
Arvos, the industrial equipment firm, has a bank meeting scheduled for Friday in London for a €130m incremental term loan as it looks to repay its existing second lien facility.
View ArticleHSBC eyes 'groundbreaking' direct lending platform
HSBC is considering setting up a private debt platform within its asset management unit, a move one senior market professional said would break new ground in the sector.
View ArticlePre-IPO shareholders sell 9.3% of Cosmo Pharmaceuticals
Shares in Cosmo Pharmaceuticals, the Swiss pharmaceutical company focused on gastrointestinal and skin disorders, fell 6.4% on Friday after a group of pre-IPO shareholders sold 9.3% of the company for...
View ArticleAmbea trades up 10% on debut, but Italy's UniEuro shrinks IPO to sell
Two more European IPOs reached conclusions on Friday. That of Ambea was heavily oversubscribed, while UniEuro's had to be shrunk and restructured to get it over the line.
View ArticleMicro Focus launches $5bn loan for HPE Software acquisition
Micro Focus, the UK legacy software firm, has launched the $5bn loan to finance its acquisition of Hewlett Packard Enterprise’s software business - the biggest new money loan in the European leveraged...
View ArticleParaguay hopes $500m bond will unlock investment grade status
Paraguay's economy is growing at 4% a year and the government has succeeded in raising $500m at 4.7%. Finance minister Santiago Peña tells Global Markets why he believes an investment grade rating is...
View ArticleInvestors jump into Aston Martin’s £550m deal despite discomfort
Aston Martin, the UK luxury car maker, made savings of up to 400bp on Friday as it wrapped up its latest bond refinancing bond. Investors came along for the ride but found it a bit of a squeeze.
View ArticleESMA publishes tape rules
The European Securities and Markets Authority (ESMA) today issued regulatory technical standards (RTS) governing the scope of consolidated tape for derivatives and non-equity financial instruments.
View ArticleCFTC fines and bans bank traders for spoofing
The US Commodity Futures Trading Commission has settled a charge of spoofing in the US Treasury futures market with two Citigroup traders.
View ArticleGermany overtakes China in race to build ocean-to-ocean link
A German-led plan to build a 2,300-mile railroad across Latin America is pulling ahead of Chinese proposals for a canal or an alternative train line through the Amazon. Formal negotiations could begin...
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