Wednesday, 21 March 2018

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  • Steinhoff International logo

    Steinhoff scandal leaves banks gauging exposure

    Banks that financed Steinhoff International’s rapid expansion have been left gauging their exposure – both financial and legal – to the South African retailer after “new information” emerged relating to possible accounting irregularities.

  • Christmas trees await recycling

    Busy Christmas looms for banks' MiFID geeks

    Holiday leave has been cancelled and hundreds of technology and compliance staff are set for a busy holiday period in Europe as banks rush to prepare systems for MiFID II, one of the biggest overhauls of trading ever seen.

  • Alibaba Group Executive Chairman Jack Ma attends a Jumpstarter conference in Hong Kong, China.

    Investors mob Alibaba's return

    Alibaba Group attracted global demand of nearly US$40bn for its second offering of US dollar bonds, as investors ignored tepid market conditions in pursuit of the Chinese e-commerce giant’s sizzling growth and big data ambitions.

  • Pakistan's Prime Minister Shahid Khaqan Abbasi speaks with a Reuters correspondent during an interview at his office in Islamabad, Pakistan.

    Pakistan maintains market access

    The Islamic Republic of Pakistan added to its track record in the international markets last week with a US$2.5bn two-tranche 144a/Reg S offering that drew strong demand, despite recent political and monetary concerns.

  • Anil Ambani, Chairman of India's Reliance Communications, addresses a news conference in Mumbai, India.

    CDB loses patience with RCom

    China Development Bank has thrown Reliance Communications’ slow-moving debt restructuring into disarray with an application to push the telecoms company into insolvency proceedings.

  • Bitcoin sign

    Nasdaq joins bitcoin futures race

    Nasdaq has joined the list of exchanges vying for a leading role in cryptocurrency derivatives trading, as its plans for a bitcoin futures contract emerged alongside new records for the currency.

  • The Millennium BCP flag and the Portugal flag are seen at the bank headquarters in Lisbon

    BCP's Tier 2 cements Portuguese revival

    Banco Comercial Portugues shrugged off an investor boycott to raise new Tier 2 capital last week, an encouraging sign as the Portuguese banking sector ramps up its efforts to rebuild its capital through the institutional debt market.

  • South African flag

    Growthpoint puts SA in spotlight

    A South African real estate company is hoping that investors will look beyond the country’s economic plight and home in on its expansion strategy as it seeks to make a debut bond issue.

  • Carlyle Group logo

    A chance to invest alongside Carlyle

    Want to invest alongside Carlyle Group on a private equity deal? Good luck. Outside of owning its publicly-traded equity – which is a poor proxy for its PE investments – there has been no way to gain access, other than through pension funds or endowments that are among the firm’s limited partners.

  • Brazil

    Brazil's last-minute rush to equity markets

    Brazilian companies could raise up to R$10.6bn (US$3.2bn) through IPOs in December as they rush to sell shares ahead of any potential volatility caused by the general election in October 2018.