United States
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Charles Scharf will take over as chief executive and president of Wells Fargo next month, ending a six month period when an interim boss was in charge. Scharf comes from Bank of New York Mellon. -
In this round-up, China and the US upped the ante on the rhetorical trade war, the Ministry of Finance transferred its shares in two state-owned banks to a national social security fund and the Hangzhou city government is sending 100 of its staff to private companies.
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Kristalina Georgieva, who is the new managing director of the International Monetary Fund from Tuesday, plans to expand the use of precautionary instruments, such as credit lines, to more countries.
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US investment grade corporate bond supply slowed this week, but the pace of prints so far in September has been sufficient to rack up the all time sixth busiest month for supply
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The postponed listing of the We Company, owner of office provider WeWork, shows that IPO investors are disciplined in their search for growth stories. Banks should recalibrate their relationships with private capital providers, says David Rothnie.
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Nasdaq-listed Pinduoduo became the latest in a growing line of Chinese companies to tap the US convertible bond market, pocketing $875m after pricing its debut issuance at the tight end of guidance.
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Deals set to be issued by the Province of Ontario and Development Bank of Japan on Wednesday attracted good demand, reflecting their higher yield relative to other dollar supra and agency bonds.
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US Commodity Futures Trading Commission chairman Heath Tarbert has followed in the footsteps of his predecessor, Christopher Giancarlo, in issuing a strong warning on the European Union’s EMIR 2.2 rules.
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Nasdaq-listed Chinese company Pinduoduo has printed its debut convertible bond at the tight end of price guidance, pocketing $875m.
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Chinese e-commerce platform Pinduoduo has opened books for a convertible bond backed by its American Depository Shares, in what has become an increasingly popular corner of the equity-linked market.
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In this round-up, the US exempted 400 Chinese goods from import tariffs while China cancelled trips to US farms, two top Chinese regulators jointly addressed funding difficulties facing smaller corporations and custom authorities detained a FedEx pilot on suspicion of carrying ammunition.
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In this round-up, deputy-level trade negotiators from China and the US have met, the People’s Bank of China left the medium-term lending facility rate unchanged and the Shanghai government issued more measures to attract foreign investment.
