Argentina hits euro aim with tight return
US based bond investors said that Argentina’s first euro-denominated bond issue for 15 years came too tight for them, as bankers said this was likely to be exactly what the sovereign had been looking...
View ArticleNo industry for old men: a renowned banker's personal history of, and polemic...
Stanislas Yassukovich’s Two Lives: A Financial and Social Memoir, in which he recounts his own life, as well as the lives of his father and the Eurobond market (of which he was a progenitor) might be a...
View ArticleKenya's Njoroge: 'You'd be out of your mind to allow Bitcoin'
In a scathing indictment on virtual currencies, Kenya’s central bank governor Patrick Njoroge attacks the use of bitcoin and will refuse to have new technologies forced upon him, just because they are...
View ArticleWorld faces 'reversal' of global trade as populism wrecks deals
Gloom was descending over the annual meetings of the IMF as senior figures expressed pessimism about the chances of a new global trade deal being struck that stimulate an anaemic world economy
View ArticleLagarde looks to use second term to take IMF into new waters
Christine Lagarde took the helm of the IMF as it was facing its toughest challenge in the wake of the global financial crisis and the eurozone debt trauma. In an exclusive interview with Emerging...
View ArticleSDR reform key to monetary system overhaul
The entry of the renminbi into the IMF special drawing rights (SDR) on October 1 is stirring up debate for a revised role of the SDR, with some suggesting reform of the currency unit could lead to a...
View ArticleAir Liquide €3bn rights issue for Airgas a blowout, company shunned hybrids
At market close on Friday, Air Liquide announced the result of the biggest rights issue in the world this year. The €3.28bn deal, for which the book closed last Wednesday, received €6.3bn of demand.
View ArticleJP Morgan confident on risk transfer despite OCC uncertainty — CRT Symposium
JP Morgan plans to forge ahead with its risk transfer programme, despite concerns that have been raised that the deals may not be in full compliance with risk based capital rules, said an executive...
View ArticleMeirelles raises prospect of 2017 Brazil recovery
After years of near-depression conditions, Brazilian finance minister Henrique Meirelles has held out the prospect of a return to economic growth this year. But the World Bank warns that the task of...
View ArticleMaduro executes 'self-coup' as Venezuela loses China's support
President Nicolás Maduro is riding roughshod over Venezuela’s constitution by not sending the 2017 budget to the National Assembly while China’s $65bn loans to the country are looking more and more...
View ArticleProspect Capital lands Lending Club ABS deal
A private securitization of Lending Club loans from American Consumer Lending Holdings, a subsidiary of Prospect Capital, was priced on Thursday afternoon.
View ArticleNo euro guy for Uruguay
Herman Kamil, director of public credit for Uruguay tells GlobalMarkets that he would rather swap existing dollar bonds for euros rather than issuing in euros. Favourable cross-currency basis swaps and...
View ArticlePressure for more climate ambition needed in Marrakesh
Marrakesh in November will be a landmark: the first ‘implementation COP’, when countries start making the Paris Agreement work. But there is no cause for cheering — decarbonisation needs to get a lot...
View ArticleMorgan Stanley hails New York as winner from Brexit
Wall Street chief executives gave their views on the impact of Brexit on City of London, the UK and Europe. With Morgan Stanley’s James Gorman pronouncing New York will benefit most from the fall-out
View ArticleRomania ready for Brexit but finance ministry voices concern for Europe
Romania will be able to take any indirect pain from the UK’s upcoming exit from the European Union, according to its finance minister, as the country makes efforts to improve transparency and clamp...
View Article'Dry tinder' threatens new market crash, warns ex-Treasury chief
Timothy Geithner, the former US Treasury Secretary and president of the New York Federal Reserve, warns that the world needs to build up its defences to insure against another financial crisis – but...
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