United States
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General Electric has terminated an agreement to sell its appliance business to Swedish household appliance producer Electrolux, toasting bankers' plans to provide bridge financing. -
European regulators have ditched a long-running investigation of 13 major banks on charges of collusion in the credit default swap market, citing insufficient evidence.
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Tradition and Intercontinental Exchange are both making advances in power and energy derivatives, after unveiling initiatives this week.
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A trio of Wall Street’s biggest banks led a dash for dollars this week as a positive market backdrop drew a flood of issuance ahead of the year-end slowdown.
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McDonald's led a headlong rush by high grade US dollar debt issuers to grab investors’ attention before the year-end shutdown and a likely interest rate hike by the US Federal Reserve.
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Puerto Rico’s development bank made a $354m debt payment this week, narrowly staving off default.
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Standard Chartered (StanChart) has cut its Americas and Europe RMB solutions teams in recent months, according to a source. The bank has recently begun a global restructuring process.
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A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.
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Export Development Canada (EDC) printed its long awaited green bond on Tuesday. While it did not move on pricing, bankers on the deal said it was a strong trade for a sub-benchmark size.
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Ball Corp, the US metal packaging manufacturer, wants to issue its first euro bond as part of a €1.5bn-equivalent deal to support the purchase of UK can maker Rexam.
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Intercontinental Exchange will introduce 81 energy futures and options contracts in December through its US and European exchanges.
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Chinese authorities are expected to allow the renminbi to depreciate following the decision on the IMF Special Drawing Rights (SDR) basket, though there is a debate about how severe that fall will be. Either way, it is likely a hike in rates by the Federal Reserves (Fed) could hold more sway on the RMB's future than SDR inclusion.
