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A high stakes game of chicken is taking place between US and European regulators, with the spectre of fragmentation in derivatives markets looming. But there's been no proper dialogue between the two sides.
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While it is tempting to think of capital markets-friendly President Mauricio Macri as having wiped Argentina’s slate clean, it is not yet time for EM investors to forgive and forget.
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China’s regulators have left DCM bankers, issuers and investors befuddled this year, as they struggle to understand which companies will gain approval to issue offshore bonds and which will be rejected. In this environment it was only natural that sub-one year bonds, which don’t need approval, should become very popular, but a recent deal shows using the loophole comes at a cost.
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President Maduro’s surprise restructuring announcement only makes things murkier for Venezuelan bondholders.
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The People’s Bank of China governor issues warning on growing debt level, Hong Kong and Shenzhen launch Connect link for gold contracts, and the China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS) agree to help Chinese companies list in Singapore.
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In this week's Clawback, columnist Philippe Espinasse writes about how Hong Kong’s ambitious plans to woo international companies to its stock exchange are facing a big setback.
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The Ministry of Commerce (MofCom) completes the first draft of foreign investment law, regulators give BEA Union Investment Management the go-ahead to launch a wholly foreign owned enterprise (WFOE) in Shenzhen, and Renmin University’s vice president claims the renminbi will be fully convertible within five years.
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CME Group, one of the US's premier financial institutions, plans to launch futures on bitcoin. This will give investors a clean way to bet on the price of the cryptocurrency, whose price has soared eightfold this year.
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US President Donald Trump doesn’t normally stick to playing it safe. But by picking Jerome Powell to lead the Federal Reserve he has got the closest thing to Janet Yellen without having to reappoint the incumbent Fed chair to a second term.
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Bitcoin took another big step towards being accepted by the financial establishment when the Chicago Mercantile Exchange announced it would launch a cash-settled futures contract for the digital currency in the fourth quarter of this year.
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Last week was a momentous one for dollar borrowing in the SSA market. The European Stability Mechanism made its long awaited debut in dollars, swiftly followed by a pair of rare 10 year transactions. Read on to see how the BondMarker voters rated the deals.
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