Markets news
US high yield seesaws but keeps its nerve
Precarious high-yield refinancings show the strain
Contingent capital: Basle and FSB decisions not death knell for CoCos
Bank research: Research now a key differentiator for banks
Foreign exchange: Offshore renminbi celebrates first anniversary
Market leaders
Emerging-market slowdown could be serious for global economy
US regulators seek Chinese help to counter stock scandals
Banks reluctant to increase lending to SMEs
Europe scores surprisingly well on leveraged loan recoveries
Rating agencies face credibility crunch
Columns
Macaskill on markets: Goldman premium eroded by fixed-income trading setbacks
Macaskill on markets: Goldman’s poor performance stokes succession speculation
Against the tide: Slow deleveraging is most likely outcome for global economy
Book review: The euro, alive but not kicking
Euro: Europe loses the benefits of the single currency
