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Crédit Agricole reorganises loans business amid busy hires and promotions in industry
The future of the great investment banking Gulf expansion
Some capital market staff laugh off risks, others worry about their families
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China’s official Purchasing Managers’ Index (PMI) recorded a sharp rebound in March as businesses slowly resumed their activity. While the strong figures led to a rally in the stock market, economists are warning against reading too much too soon into the data as challenges remain for the country’s economy. -
Fitch Ratings has downgraded the Maldives to B from B+ and revised its outlook to negative from stable, as the Covid-19 pandemic hits the island nation’s tourism industry.
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Wild swings in emerging market bond prices have been painful for investors this month. It is a problem that banks’ market making capabilities have compounded.
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Schroders has appointed new heads for Asia Pacific, tapping Chris Durack and Susan Soh to the top job.
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In this round-up, China is ramping up measures to stimulate the economy including by issuing special treasury bonds, the central bank resumed open market operations and lowered the seven-day reverse repo rate, and the foreign exchange regulator has released some key data points.
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Goldman Sachs and Morgan Stanley have received the green lights from the China Securities Regulatory Commission (CSRC) to increase ownership in their Mainland joint ventures to 51%.
