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When staff complain, they deserve a fair hearing, not a wall of silence
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
Little green men could be closer than they appear
Scrutiny of regulatory proposals by those without securitization expertise is a feature, not a bug
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Tata Steel’s plans to reprice a portion of a $3.1bn loan it closed in 2014 has hit roadblocks, with some lenders on the original syndicate pushing back on a steep price cut. The rebellion is reassuring and shows that despite thinning margins, credit fundamentals are not being overlooked by syndicated loans bankers.
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GlobalCapital was taken aback by the data that salary benchmarking site Emolument provided us last week, showing that women having climbed to vice president level at big investment banks are in many cases earning tens of thousands of pounds less than their male counterparts. But we were even more astonished by the responses we received when asked for comment from the banks about how they plan to eliminate this problem.
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Paying up to get size away in euros is a painful idea for public sector funding officials. But they will have to swallow their objections if they want to bring bulky deals in September.
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The Chinese authorities have made several steps towards the full opening of the capital account over the years. But mounting evidence of China’s economic slowdown has made those efforts look increasingly erratic. A step by step approach would be nothing to sneer at, but the authorities’ dance of reforms followed by shameless back-stepping risks transforming the whole business into a farce.
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Predictions for European high yield bond issuance in September range from the optimistic to those who say the cupboard is bare. But do not underestimate the market's resilience — for the right deal, investors could come out in droves.
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The Indian government scored a big coup last week, selling a stake in Indian Oil Corp (IOC) on a day when markets globally were roiling in volatility. But the fact that it relied on the Life Insurance Corporation of India (LIC) to push the deal through is wrong, and casts a shadow on the country’s divestment programme.