North America

Cancer drugs maker BeyondSpring has filed to list on Nasdaq to raise $100m, according to a Securities and Exchange Commission filing.

The deal the equity-linked bond market has been awaiting for months has arrived this evening. Bayer, the German life sciences group, has launched a €4bn mandatorily convertible issue as the first part of its $19bn equity financing for its takeover of Monsanto.

Rather than wailing about a regulatory Trumpocalypse, those who care about the health of financial markets should seize upon last week’s shock US presidential result to help bring about meaningful and beneficial changes.

Mylan, the US pharmaceutical company, rode its industry’s wave of post-Donald Trump euphoria on Tuesday as it revived a multi-tranche euro bond issue that it had delayed amid political noise in September.

Public sector borrower supply is beginning to trickle through after a volatile Monday, but bankers are warning that market conditions are far from perfect — and some issuers are still unwilling to take a chance on a deal.

The United States has elected a president who wants to tear up the country’s climate commitments, and burn coal like there’s no tomorrow. But financial institutions don’t need to follow the path of collective insanity. Many banks have already committed to stop or reduce their lending to coal. Even if the US government gets back into this obsolete, dirty fuel, banks should not follow.

The shock victory of Donald Trump in the US presidential elections on November 9 is already having an impact on the RMB, with the currency weakening to new record lows. We gathered some of the key views from top bank analysts in the days since which draw a picture that is far from pretty (but not hopeless) for China.

The Chicago Mercantile Exchange has introduced a new method of trading six FX option products, by using volatility-quoted prices.

US pharmaceutical company Abbvie hit the corporate new issue market on Monday, making its euro debut as a volatile backdrop in government bonds began to filter into the corporate bond market.

Symbiont, a start-up firm specialising in smart contracts and distributed ledger technology, has appointed a former SEC commissioner and a former investment manager chief executive to its board of directors.

Greencore Group, the Irish convenience food supplier, has announced plans for a £439m rights issue to partly finance its takeover of Peacock Foods, a US competitor, alongside its preliminary full year results on Monday.

US based-Novelis, part of Indian company Aditya Birla Group, has decided to access the Asian syndicated loan market following discussions lasting several months.