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  • New Deutsche Bank chief executive John Cryan leaned heavily on Deutsche’s conduct problems in his first day message to staff, as the German bank anticipates more damage to its capital base from fines.
  • Credit Bank of Moscow started trading on the Moscow Exchange on Wednesday, after raising Rb13.2bn ($237m) in the year’s second Russian initial public offering.
  • Interglobe Aviation, which operates Indian passenger airline IndiGo, has lifted off for its IPO of at least $400m, filing a preliminary prospectus with the market regulator.
  • China has taken a welcome but quirky approach to its first publicly-traded real estate investment trust (Reit), as a decade-long effort to bring the structure to the mainland bears fruit.
  • Stronger markets in Hong Kong and China on June 30, after consecutive days of losses, paved the way for two accelerated blocks, as a cornerstone in Dalian Wanda Commercial Properties exited the firm, while Far East Horizon found an opportune window to raise new capital.
  • Vietnam has impressed the market by removing limits on foreign ownership of stocks in many listed companies, a move that has thrust it into the international spotlight. But while a spurt of new IPOs and more outside investment is expected, leading companies may stay away, reports Rashmi Kumar
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