UBS

Straumann Holding, the Swiss maker of dental implants, abandoned a selldown of treasury shares on Thursday night after investors demanded a bigger discount than the company was willing to offer.

Deregulation proposals from the US Treasury Department could be a blessing for foreign banks, which are struggling with trapped capital and costly restructurings in their US units — and falling further behind their thriving US competitors. But reform could be further away than ever, as the Trump White House staggers into self-inflicted crisis.

Chinese live streaming platform YY tapped the US market this week with a block sale of American Depositary Shares (ADS), capitalising on a surging stock price. Bankers are preparing for a raft of similar block sales — as well as a growing list of US IPOs from Chinese companies. Jonathan Breen and John Loh report.

Some banks will emerge from summer with a pressing need to secure new staff, but coverage gaps are taking longer to fill, writes David Rothnie.

Cheung Kong Infrastructure Holdings sold a fixed-for-life hybrid bond denominated in dollars on Wednesday. The deal did not draw an overwhelming response, but market participants said overall demand for the structure is muted.

John Wade resurfaces at Mizuho — MUFG names new co-head of Asia corporate banking — GS loses equities bankers — Credit Suisse Apac head of equity-linked retires

Cheung Kong Infrastructure Holdings hit the market on Wednesday morning local time, marketing a new subordinated perpetual non call five fixed-for-life dollar transaction.

Chinese biopharmaceutical company Zai Lab has appointed a pair of firms to lead its US listing, as a host of other Mainland companies also prepare to float across the Pacific.

UBS has brought one of its most seasoned executives in Asia out of retirement to take up a senior position in the investment banking unit.

LVGEM (China) Real Estate Investment Co grabbed $225m on Tuesday from its debut deal, taking measures to mitigate any fears of failure by securely anchoring the deal.

Indian telecommunications group Bharti Airtel has raised Rp25.7bn ($403.2m) after offloading a stake in its tower unit Bharti Infratel, selling the shares near the bottom of guidance.

LVGEM (China) Real Estate Investment Company and HNA Group company Tianjin Tianhai Investment Co are wooing buy-side accounts. The former opened books for its debut on Tuesday and the latter is understood to be holding investor meetings.