North America

Chinese automotive marketplace TuanChe is planning to float on the Nasdaq for up to $150m, filing a draft prospectus with the US regulator on Tuesday.

Netflix has returned to the high yield market once again this week with a $2bn offering to fund its ever-increasing spend on its original films and TV shows. But instead of issuing high coupon debt, the company would have done better to look at a convert.

BlackRock has launched a suite of new investment products designed to allow investors to build a portfolio of ESG investments with six new exchange-traded funds.

Multilateral development banks are increasingly seeking creative ways to strengthen their arms by getting private capital to invest alongside them, magnifying their efforts. The International Finance Corp has long been one of the most active in this field, and thanks to a fund it launched five years ago, it last year achieved a co-investment ratio of over 100%.

The US Treasury declined to name China a currency manipulator in its latest report this week, contrary to expectations. But the last minute save did not prevent the renminbi from moving closer to the line in the sand with an exchange rate of seven per dollar.

Niu Technologies, China's leading maker of electric scooters, dragged its Nasdaq IPO over the line on Thursday after cutting the number of shares on offer and pricing almost 30% below the original marketing range.

Stablecoins are a curiosity unique to the cryptocurrency market and, despite the placid sounding name, have been embroiled in some of the hairiest controversies in the market. And they aren’t even stable.

Ride-share firm Uber saw sufficient demand from investors this week to increase the size of its debut private high yield bond from an initial $1.5bn to $2bn across two tenors.

It was a good week for Netflix as its stock jumped by almost 10% after it released its third quarter results, but the company’s business model and overvalued stock makes it seem like a bubble trade.

Conagra Brands tucked away a $7bn bond deal just days after market volatility forced it to postpone the trade.

The Basel Committee for Banking Supervision (BCBS) on Thursday launched a consultation to address a quirk of Basel capital rules reviled by many derivatives clearers.

Studio City International Holdings priced its debut on the New York Stock Exchange (NYSE) at the top of its marketing range on Thursday, raising $359.4m.