North America

Chinese online consumer lender 360 Finance is preparing to launch its New York Stock Exchange IPO on Wednesday, targeting around $100m, according to a source close to the deal.

Tencent Music Entertainment Group has begun bookbuilding for its long-awaited $1.23bn IPO in the US, around two months after first gauging investor appetite.

Calvert Impact Capital, the US impact investing firm, has published a study, the first of its kind, that aims to show the benefit of investing with a consciousness of gender in the context of private impact investments.

In this round-up, Donald Trump and Xi Jinping agreed to hold back from new tariffs for 90 days, Bloomberg received the green light from China Foreign Exchange Trade System (Cfets) to become the new trading platform for Bond Connect and CIBM Direct, and UBS obtained approval to acquire a majority share of onshore joint venture UBS Securities.

JP Morgan blew open the dollar market with the first big US bank trade in more than an month and its first since reporting third quarter earnings on October 12.

Baidu’s video streaming platform iQiyi has raised $650m after pricing its bigger convertible bond at the investor friendly end of guidance.

After months of work to reach a trade deal, analysts say that the best one can hope for is a truce rather than an end to the confrontation. Meanwhile, China is tightening trade ties with potential allies as an antidote to a possible escalation.

In this round-up, Bond Connect has chosen Bloomberg to become its second electronic trading platform, the renminbi dropped one place in Swift’s payment rankings, and onshore banks are adding assets at decreasing speed.

US medical technology company Stryker had to wait longer than it planned for its debut in the European corporate bond market, but when the chance to launch the deal came on Tuesday, it achieved the hat-trick of tranches it was aiming for with an extra one added for good measure.

Four borrowers piled into the dollar bond market on Thursday, adding to one of the busiest weeks of the year despite tough market conditions. UK telecoms company BT led the charge with a $1.35bn two-part deal.

It was never going to last. Bitcoin has ended its three month holiday from volatility and begun to crash once more. The cryptocurrency market is looking for a new floor.

Baidu-backed video streaming platform iQiyi opened bookbuilding for a $500m convertible bond on Wednesday after US markets closed.