Pre-migration untagged articles

Both the European Central Bank and the Bank of England did as expected yesterday (Thursday) and held interest rates steady, although the ECB's use of the word "vigilance" all but assures a rate hike next month.

Both the European Central Bank and the Bank of England did as expected yesterday (Thursday) and held interest rates steady, although the ECB's use of the word "vigilance" all but assures a rate hike next month.

Equity investors this week gave Russian companies and their investment banks a "reality check", in the words of one banker, by compelling IT company Sitronics and precious metal producer Polymetal to accept lower prices for their IPOs than they had aimed for.

Dollar swap spreads were marked considerably narrower this week as a maelstrom of new debt hit the market and Treasuries rallied back from the recent high yields.

Deutsche Bank is well aware that markets are hard to please. For almost two years the bank was pulled slowly through a public wringer, while there was a hue and cry in Germany to oust its chief executive, Josef Ackermann, and a domestic press campaign was mounted whose outright hostility bordered on a vendetta.

HSBC this week jumped to the top of the private placement table which includes self-led issuance, and to second behind Barclays Capital on the table showing only third party placements, as around $1bn of its deals settled this week.

The US Court of Appeals for the Second Circuit this week overturned a 2006 district court ruling on a case involving credit default swaps between Aon and Societe Generale.

Venezuela is gearing up for a $5bn onslaught of bond issuance in its local markets through the Treasury and the national oil company, PDVSA.

The Swiss franc market passed another sedentary week, but there are signs it is reviving.

The European Investment Bank launched its largest New Zealand dollar bond outside the Uridashi market this week, when it sold a NZ$400m three year note due 2010, underwritten by Deutsche Bank.