Americas

The United States has elected a president who wants to tear up the country’s climate commitments, and burn coal like there’s no tomorrow. But financial institutions don’t need to follow the path of collective insanity. Many banks have already committed to stop or reduce their lending to coal. Even if the US government gets back into this obsolete, dirty fuel, banks should not follow.

Central American sovereign Belize could be forced into a restructuring or exchange of its so-called “super-bond” due 2038 after it said it was looking to meet bondholders to discuss the country’s “serious economic and financial challenges”.

The shock victory of Donald Trump in the US presidential elections on November 9 is already having an impact on the RMB, with the currency weakening to new record lows. We gathered some of the key views from top bank analysts in the days since which draw a picture that is far from pretty (but not hopeless) for China.

The Chicago Mercantile Exchange has introduced a new method of trading six FX option products, by using volatility-quoted prices.

US pharmaceutical company Abbvie hit the corporate new issue market on Monday, making its euro debut as a volatile backdrop in government bonds began to filter into the corporate bond market.

Symbiont, a start-up firm specialising in smart contracts and distributed ledger technology, has appointed a former SEC commissioner and a former investment manager chief executive to its board of directors.

Greencore Group, the Irish convenience food supplier, has announced plans for a £439m rights issue to partly finance its takeover of Peacock Foods, a US competitor, alongside its preliminary full year results on Monday.

Donald Trump’s shock victory in the US presidential elections was no obstacle to Santander’s Chilean arm as the bank became the first issuer from the South American country to raise financing in Taiwan’s Formosa market.

Donald Trump’s shock victory in the US presidential elections was no obstacle to Santander’s Chilean arm as the bank became the first issuer from the South American country to raise financing in Taiwan’s Formosa market.

US based-Novelis, part of Indian company Aditya Birla Group, has decided to access the Asian syndicated loan market following discussions lasting several months.

In this new Monday round-up from GlobalRMB, we bring you a collection of market and regulatory developments from the weekend as well as provide a preview of upcoming events this week.

Quantile Technologies and AcadiaSoft have teamed up on a service aimed at reducing counterparty credit risk for derivatives market participants.