Politicians rally round globalist standard as US shuns multilateral legacy
Policymakers from across the globe have striven to present a consensus in favour of multilateralism this week while they fret about the impact on the world’s economic order if America’s withdrawal from...
View ArticleCountries must feel ‘ownership’ when using European Monetary Fund
With the idea of a European Monetary Fund back on the table at this week’s IMF annual meetings, one Eurozone minister insisted any financing must give a state “ownership” rather than being seen as a...
View ArticleEurope sounds warning on cryptocurrencies as EMs rush to digital payments
Bankers and policymakers have sounded the alarm over the impact that cryptocurrencies could have an areas as wide-ranging as anti-terrorism, anti-money laundering and tax evasion even as they embrace...
View ArticleIndia mulls recap bonds to tackle banks’ capital shortfall
The possible return of recapitalisation bonds after a two decade absence could help India tackle a triple threat of a stressed banking sector, rising leverage among corporates and challenges to the...
View ArticleWest Africa financial crime cops lack cash to hit terror funding
Senior officers of GIABA, the West African financial police organisation, tell GlobalMarkets how they plan to target terrorist finance despite being handicapped by budget and software constraints
View ArticleLatAm rushes to launch Cat bond as countries brace for earthquakes
With another earthquake about to hit Latin America, finance ministers from four countries are rushing to launch a World Bank-backed catastrophe bond to ensure that money is paid quickly
View ArticleCentral Asia urged to use upturn to embark on reform
Economic growth in Central Asia is picking up but experts at the IMF are concerned that leaders are not doing enough to address fiscal deficits
View ArticleElection season threatens new wave of political unrest in LatAm
Voters in five Latin American countries go the polls over the coming year that could see left-wing candidates win a platform of rejecting the current prescription of orthodox economic policies
View ArticleFiji ups the temperature at COP 23 with call to action
Fiji has fewer than 1m people and its CO2 output per head is only 8% of US levels. A strange country, perhaps, to preside over the world’s most important process for cutting greenhouse gas emissions....
View ArticleAfrican countries hope growth will prevent China repayment problems down the...
African countries are moving full steam ahead to develop their economies through Chinese-funded railway infrastructure, hoping faster growth will forestall concerns about the costs and their ability to...
View ArticleTrump’s Iran nuclear decision triggers market shockwaves
US president Donald Trump’s refusal to certify that Iran is compliant with the 2015 nuclear accord will have wide ramifications on everything from global commodities to the US’s already fraught...
View ArticleRate hikes could hit indebted Asian banks — IMF
Rapid increases in private sector debt across Asia could leave some countries vulnerable as interest rates return to more normal levels, Changyong Rhee, director in the Asia and Pacific department at...
View ArticleThe week in renminbi: PBoC governor urges corporate debt redefinition,...
The governor of the People’s Bank of China says the country should redefine corporate debt, China’s GDP growth could rise to 7% in the second half, and the International Monetary Fund and the World...
View ArticleTongchuangjiuding back for bond tap
Chinese private equity manager Tongchuangjiuding Investment Management Group Co is planning to reopen a dollar bond it priced just three months ago. The issuer will hold a two-day roadshow in Hong Kong...
View ArticleCCB eyes bond to bolster Sing dollar reserves
China Construction Bank Corporation launched a Singapore dollar bond on Monday, preparing to issue the bond through its local branch.
View ArticleTradeweb hosts first swaption trade
Electronic trading provider Tradeweb has kicked off electronic swaptions trading in earnest after Garda Capital Partners investment firm executed a transaction in the product.
View ArticleCMA CGM jumps on upgrade to refi at coupon below 6%
French shipping group CMA CGM will launch a sub-benchmark sized bond on Tuesday, a week after S&P Global upgraded the rating of its unsecured note issuance from CCC+ to B-, bringing it into line...
View ArticleLatest CMBS conduit priced tight as analysts eye rally
JP Morgan and Deutsche Bank priced the latest conduit CMBS deal at year tight levels last Friday, as analysts predict further tightening in CMBS debt after the market lagged a rally in corporate debt...
View ArticleProsper markets third PMIT consumer loan deal
Online consumer lender Prosper is marketing its third multi-seller transaction from its PMIT shelf, as market sources tout heightened liquidity as an advantage of the deal format format, which has been...
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