Americas

The US Senate Committee on Agriculture, Nutrition and Forestry has confirmed the nominations of Dawn DeBerry Stump and Dan Michael Berkovitz to serve as commissioners at the Commodity Futures Trading Commission (CFTC).

China-based X Financial has set the ball rolling for a potential $250m listing on the New York Stock Exchange.

Viomi Technology, a partner of Chinese smartphone-to-internet company Xiaomi, is looking to float on the Nasdaq for up to $150m.

Chinese electric car maker Nio launched its US IPO, looking to pocket up to $1.3bn amid strong interest from investors for stocks in the sector.

Brazilian company Suzano Papel e Celulose will seek to break an extended hiatus in Latin American cross-border bond issuance next week, having enlisted a posse of 13 bookrunners to help it finance an acquisition that will turn it into the world’s leading producer of market pulp.

No new high bonds emerged this week in the US market before the Labor Day holiday, with low volumes helping to keep prices firm and yields tight.

Banco Santander’s Chilean yesterday sold the first ever floating rate note in Chilean pesos, raising Ps75bn ($114m) in long three year notes.

Bonds from major Mexican issuers tightened on Monday after the USA and Mexico announced a preliminary bilateral trade to replace the North American Free Trade Agreement (Nafta).

The amount of debt at the risky end of the US corporate bond market has tripled since the financial crisis, possibly putting pressure on the high yield market if downgrades start to climb, Fitch Ratings said last Friday.

Venezuela's petro seems destined to hang around like a bad smell rather than drifting into obscurity, as it deserves to. The country's president Nicolás Maduro has made it the basis of his country’s economy. It is an utter farce.

ABN Amro took advantage of a stable background and quiet market conditions to re-open the Yankee bank market this week, with a $2bn trade that attracted more than $7bn in orders.

Equity strategists at a bulge bracket bank are foreseeing volatility in Bayer’s share price around the time its €4bn mandatorily convertible bond matures next year, particularly because of its legal problems over a Monsanto weedkiller, and are pitching clients a strategy to profit from this, writes Costas Mourselas.