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Change reflects growing importance of Saudi Arabia
Better read on secondaries would help syndicates price bonds
Third Saudi capital markets banker to leave in recent months
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In this round-up, the phase-one trade deal between the US and China ran into problems, China relaxed regulations on foreign banks and insurers and the International Monetary Fund (IMF) warned slower global growth. -
In this round-up, China’s third-quarter GDP growth fell to 6%, September’s CPI inflation jumped due to continued surge in pork price and money and credit growth both exceeded market expectations
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The National Bank of Ukraine is embroiled in around 600 lawsuits over the nationalisation of Privatbank against its former owner Ihor Kolomoisky. The governor of the NBU tells GlobalMarkets that if Kolomoisky wins, it would cross a red line for the IMF’s continued involvement with the country
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Foreign banks are eager to gain full control of their Chinese securities joint ventures, after the regulator said it was abolishing a cap on foreign ownership. But fierce competition and difficult onshore regulations mean it is a long, rocky road ahead. Rebecca Feng reports.
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Citi has made Peter Babej, head of its financial institutions group, its new chief executive officer in Asia Pacific, looking outside the region for a replacement of former boss Francisco Aristeguieta.
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The Securities and Futures Commission’s chief executive officer Ashley Alder is set to step down in September next year.
