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Chemical sector's growing uncompetitiveness a problem when it comes to attracting investment in the capital markets
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
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Asia’s stock markets have plummeted over the last two months, forcing several companies to scrap planned IPOs and making bankers worry that the year is effectively over. But there are still likely to be small windows of opportunity, and bankers should have the courage to attempt new listings before the end of the year. After all, in markets this bad, there is little stigma to pulling a deal.
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Europe’s leaders can restore confidence in the banking sector by offering to backstop the worst of feared losses. Across the board injections of equity capital would be the wrong way to do that. More creative solutions are needed.
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Gazprom pulled the rug out from underneath its own six month commercial paper issue last week. It should have gone ahead.
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The recent publication of equity research by a group of analysts claiming to be an offshoot of the hacking group Anonymous should be scrutinised closely by investors. The brazen approach by the group — which freely admits its associates could make a lot of money from short-selling ahead of the report — should set alarm bells ringing.
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The repayment of Nycomed's €4.2bn outstanding loans last week was the leveraged loan market’s last throw of the dice, with bankers hoping that it would prompt a increase in investor appetite in new deals. It hasn't worked out that way, as macro worries outweigh technicals. But the shift to a market ruled by fundamentals may have come just in time.
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The UK chancellor’s hints of stimulating lending to British businesses are clever politics. But UK Plc is not short of debt. It is short of confidence — and that is not going to improve until Europe sorts out the sovereign debt crisis.