North America

While the US Federal Reserve surprised nobody with its 25bp rate hike, an aggressive timeline for future increases has driven 10 year US Treasury yields to exceed their 2016 record.

Deutsche Bank, Goldman Sachs and JP Morgan are joint lead arrangers and bookrunners for a bridge loan of up to £12.2bn ($15.18bn) which 21st Century Fox will use to buy the remaining shares in Sky it does not own.

Mizuho has hired three technology bankers to join its San Francisco office, part of the firm's new tech operation, launched earlier this year

BlackRock has been awarded the first Renminbi Qualified Institutional Investor (RQFII) licence in the US this week providing further momentum to America's push in RMB internationalisation.

Intercontinental Exchange has obtained approval from the European Securities and Markets Authority (ESMA) for its ICE Clear US business to be recognised as a third country central counterparty under the European Markets Infrastructure Regulation (EMIR).

Bats Europe is to add several benchmark indices spanning French, German, Italian and Swiss markets and expects these to support derivatives products in the future.

Tradeweb Markets, the New York-headquartered fixed income, derivatives and exchange trader fund marketplace provider, has reported a big rise in credit volume for November in both the US and overseas.

US based-Novelis, part of Indian company Aditya Birla Group, has lined up a syndicate of 10 lenders to arrange an Asia loan that refinances a $1.8bn US term loan B from last year.

The Chicago Mercantile Exchange has appointed a president for clearing and post trade services, a newly created title at the firm.

IHS Markit has added CME Clearing to its MarkitSERV netting synchronisation service for cleared over-the-counter derivatives.

Philips is set complete the divestment of its lighting businesses next year, with US private equity firm Apollo Global Management agreeing to acquire its Lumileds LED unit at a $2bn valuation.

Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.