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After quitting M&A and equity capital markets in Europe and the US last year, HSBC is striving to maintain global relevance — and London and New York still have a role to play
Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
In an age of abundant information and opinion, where much of it is wrong, smart investment bankers can still be valuable to clients by embracing the complexity
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  • Cement producer Nuvoco Vistas Corp is aiming to raise Rp50.9bn ($686.2m) from its listing of primary and secondary shares in India.
  • China Telecom Corp has priced its Rmb47.11bn ($7.3bn) A-share listing, a deal that is smaller than expected but will still set a global record for 2021.
  • Moelis & Co supercharged its capital markets team last year just in time to take advantage of the booming market for special purpose acquisition companies (Spacs). But as the craze subsides, the team continues to expand, with the firm looking to generate repeat business from clients that appreciate its product-agnostic approach.
  • Philippine property developers Megaworld Corp and Robinsons Land Corp have got approvals from the country’s regulator to float real estate investment trusts (Reits).
  • South Korea’s stock exchange has approved Hyundai Heavy Industries Co's IPO of around W1tr ($875.4m).
  • After the damning report into the Archegos Capital Management affair, Credit Suisse’s top management is likely to spend the rest of 2021 in a strategic huddle. Further upheaval at the investment bank is inevitable, but the business remains an essential part of the group’s future, writes David Rothnie.
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