United States

Smart wearables manufacturer Huami Corp has launched book building for its $ 114m follow on American Depository Shares (ADS) offering.

Ray Dalio’s missive on reforming capitalism proposes making the US more egalitarian: this might be needed to avoid slowing the economy and even to avert a collapse in the economic system itself. But investors such as Dalio are not so keen on putting capital into the one region in the world where capitalism and equality have found an easier marriage.

As Uber prepares to ride a wave of hype to a valuation that could be $100bn at IPO, potential buyers should make sure they're not relying on market momentum alone to carry these loss-making juggernauts higher.

Chinese plastic surgery online social network So-Young International has commenced its Nasdaq IPO of up to $179.4m.

JP Morgan has appointed Jennifer Piepszak as its chief financial officer, replacing Marianne Lake, who will now run consumer lending.

Chinese company Hollysys Automation Technologies withdrew its planned follow-on share offering on Wednesday.

Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.

US banks tapped the market this week on the back of a strong earnings season, exploiting favourable market conditions going into the Easter holiday weekend.

High grade dollar bond issuance in the US slowed to a trickle this week ahead of the Easter holiday weekend, even though companies are beginning to emerge from earnings blackouts.

Former senior executives at the World Bank have warned incoming president David Malpass that he must use his first 100 days to make clear to staff he is prepared to distance himself from the agenda of Donald Trump.

Wells Fargo attracted plenty of interest in a new five year senior bond in euros on Wednesday and was able to squeeze all of the new issue premium out of the transaction, its first in euros for two years.

A surge in shareholder activism is providing banks with a lucrative new source of revenue, but they have to tread carefully or risk losing treasured corporate relationships, writes David Rothnie.