United States
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High yield bond issuance in Europe is perking up, with several deals being marketed or just about to be launched. Beginning its roadshow on Monday was Sappi, the South African paper company, which wants to issue €450m to replace an older bond; starting on Tuesday is French car parts group Faurecia, seeking €500m.
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Pepsico took one of its rare sips at the euro bond market on Monday, and was rewarded with two bonds, seen as priced flat to and through its curve. After the European corporate bond market was clouded by weak secondary trading last week, it was back on form on Monday.
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In this round-up, both exports and imports slowed in February, the US and China have not started preparing for a deal-signing summit and the People’s Bank of China (PBoC) has released its February financial data.
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In this round-up, Huawei filed a lawsuit against the US government, China’s foreign reserves rose for the fourth month, and the International Monetary Fund can now invest in Chinese domestic bonds and stocks
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Markets have rallied in Europe and the US so far this year across equities and credit, but participants are feeling gloomy about the prospects for investment banks' revenues in the forthcoming first quarter results.
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Firms can rake in more profit and investment through having more gender diversity in their workforce, according to two separate studies from the IFC, a member of the World Bank Group, and fintech firm Broadridge Financial Solutions.
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The dollar bond market enjoyed another bumper week with tight pricing and heavy supply, but questions remain over how long a dovish Federal Reserve can stave off a downturn.
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Futu Holdings, the parent of Hong Kong-based Futu Securities, has pulled off the first IPO by a Chinese online brokerage. The company was on track to raise $160m on Thursday after making a late change to the deal, cutting the size of its float and adding a private placement to an international fund. Jonathan Breen reports.
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Singapore-based internet company Sea has raised $1.35bn after boosting the size of a follow-on offering of American Depository Shares (ADS).
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Chinese internet company Ruhnn Holdings is planning to list American Depository Shares (ADS) on the Nasdaq.
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Hong Kong-based online brokerage Futu Securities is on track to raise $160m after cutting the size of its IPO and signing up international investment fund General Atlantic for a private placement.
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There is a fantastic case for owning Tesla shares, but investors cannot realistically asses its merits when the price is prone to huge daily moves, often driven by the whim of its errant leader. The Securities and Exchange Commission (SEC) needs to muzzle Musk.