United States

Singapore-based Ivanhoe Capital listed a special purpose acquisition company (Spac) on the New York Stock Exchange this week, raising $240m after increasing the size of the float.

Singapore-based Ivanhoe Capital, led by mining billionaire Robert Friedland, is floating a special purpose acquisition company (Spac) on the New York Stock Exchange.

Craig Meisner, the former head of loan markets for Lloyds Banking Group for North America, has landed a new job at ING Capital.

Cancelling debt, dual interest rates, helicopter money: if the recovery from the coronavirus crisis stalls in the developed world, we will see calls for more radical central bank action.

Political turmoil in the US led to the country's stock markets falling on the first trading day of 2021 on Monday. For Europe’s equity bankers the US markets are an important marker of global investor sentiment, meaning the next few days in US politics will determine what accelerated placements they can bring to market in Europe.

The New York Stock Exchange has dropped plans to delist the stocks of China Mobile, China Telecom Corp and China Unicom (Hong Kong).

Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

Growth stocks are overvalued relative to value stocks, according to Ben Inker, head of asset allocation at GMO. But in fixed income markets he is less convinced of a bubble, with central banks compressing yields.

The US stimulus package seemed all but a done deal until Tuesday night. The $900bn, 5,593 page bill was passed by both houses and requires only President Donald Trump’s signature to become law. Though this seemed a foregone conclusion, Trump is threatening to withhold his signature unless the size of the relief is increased, not that bond markets seemed fazed by the late upset.

This week in Keeping Tabs: Republicans battle over Federal Reserve support, a look back at the "Spanish" flu, and a quiz from the Bank of England.

Governments have had little choice but to load up on debt to save their economies. With the crucial support of low interest rates and vast quantitative easing programmes, there is little immediate threat to debt sustainability. But as Jasper Cox reports, nothing lasts forever.

An extraordinary year for the US corporate bond market ended on a high this week, as Jerome Powell gave a dovish statement at the end of the Federal Open Market Committee's meeting which left participants certain the Fed had the market's back.