Arch-rivals Uber Technologies and Lyft are racing to beat each other to public markets next year, and the winner could gain a significant strategic advantage in their pitched battle to dominate the US$200bn ride-hailing industry, bankers and analysts say.
Cerberus has hired advisers for a potential refinancing of its £6.2bn securitisation of legacy Northern Rock mortgages, but may find the 2019 marketplace looks remarkably similar to 2016.
Venezuela bondholders have taken further steps to position themselves for a possible debt restructuring should the ailing Latin American country’s president Nicolas Maduro step down.
Indian markets recovered last week after a brief wobble following the resignation of the central bank governor, on hopes that the new head will ease financial conditions and bolster growth ahead of general elections next year.
Tencent Music Entertainment’s somewhat muted debut last week left investors with a positive mark heading into year-end, continuing a run of major Chinese listings that have struck a chord with US buyers.
Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres such as Paris, Frankfurt and Dublin.
Fixed-income investors are reviewing their exposure to the Chinese life insurance sector after some offshore bonds dropped sharply in recent weeks.
Fear is dominating sentiment in credit markets on both sides of the Atlantic with only one meaningful deal priced in US dollars or euros since December 3.
Lenders are looking at 2019 as the year that home equity securitisations stage a comeback after years of rock-bottom interest rates and depressed home prices kept exotic types of RMBS on ice.
Canada’s government could save tens of millions of dollars by changing the way it manages or issues bonds, and staff at its central bank have put forward four radical ideas to do so.
If 2018 was not a stellar year for IPOs, with total issuance in EMEA of US$44.2bn across 176 deals versus US$49bn and 218 in 2017, the drop in IPO issuance was small compared with the fall in total ECM activity across the region.