Americas

Canada Mortgage Housing Corp’s (CMHC) new covered bond guidelines have a host of investor friendly attributes but will also raise credit and market risk in borrower programmes, according to Moody’s.

Canada Mortgage Housing Corp (CMHC) has published the final details of Canada’s covered bond framework, allowing issuers to begin building new programmes for a return to market in 2013. Though uninsured mortgages are prohibited, in-depth disclosure requirements should go down well with investors and stand borrowers looking at SEC and 3(a)(2) issuance in good stead.

The bullish outlook for emerging markets for 2013 is supported by a “return from the abyss” for the eurozone and the US housing recovery

Economic growth in emerging markets has “accelerated a little” in the fourth quarter, an economic research consultancy’s data show

A new index measuring the strengths and weaknesses of various energy systems has revealed surprises, with some emerging markets scoring high

Brazil's gross domestic product increased by just 0.6% in the third quarter from the second, despite the stimulus and sharp interest rate cuts

Royal Bank of Canada on Thursday priced its second SEC registered covered bond of the year, a $1.5bn three year deal, through joint leads Citi, RBC Capital Markets and UBS. The transaction took advantage of strong market conditions and a thirst for Canadian exposure unlikely to be quenched until at least the second quarter next year.

The crisis dealt a double blow of deleveraging and falling trade to small eastern European economies, but big countries also suffered

The HSBC flash China manufacturing PMI expanded for the first time in 13 months in November, but the recovery depends on the US “fiscal cliff”

An extension of the US quantitative easing (QE) policy would make investors sell the USD and go into emerging markets, a strategist said

Companies in the US vie to take advantage of the difference between low gas prices and high crude, the CEO of a GTL firm told Emerging Markets

The US is likely to cede the top spot to China in the next three years while India will also surpass the US over the long term, an OECD report said