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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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Credit Suisse has hired three senior members of CLSA’s China Reality Research group to form a new research team for the mainland.
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In this round-up, China and the US upped the ante on the rhetorical trade war, the Ministry of Finance transferred its shares in two state-owned banks to a national social security fund and the Hangzhou city government is sending 100 of its staff to private companies.
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In this round-up, Japanese firm Daiwa Securities gets the green light to set up a majority-owned brokerage in the Mainland, FTSE Russell does not include Chinese bonds in its indices and NetEase reveals plans to raise pigs.
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Kristalina Georgieva, who is the new managing director of the International Monetary Fund from Tuesday, plans to expand the use of precautionary instruments, such as credit lines, to more countries.
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Populist governments will be tempted to use the opportunity presented by record low yields to borrow money at close to zero interest rates to reverse austerity and fund major spending schemes, according to the authors of a study into long-term asset returns. Meanwhile, an economist elsewhere suggested lax monetary policy has meant sovereign credit default swap (CDS) prices are underrepresenting risks.
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UniCredit forms sustainability team — UBS looks to raise game in green with SEB hire — SG reshuffles Paris ECM line-up