Friday, 15 December 2017

Top News

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  • Piggy Bank

    Looming maturities threaten Greece's bailout exit

    Greece and its creditors were quick to hail the country’s triumphant return to the sovereign bond market as an important milestone as it prepares for financial independence once its current bailout ends just over a year from now.

  • China Banking Regulatory Commission

    Pressure builds on Chinese borrowers

    By Prakash Chakravarti, Carol Zhong, Yan Jiang, Yan Jiang

    HNA Group, Fosun International, Dalian Wanda Group and other privately owned Chinese companies that have been on a multi-year, loan-fuelled overseas acquisition spree are coming under pressure as increased regulatory scrutiny threatens to cut off bank lending.

  • Rupee

    Asian HY suffers triple whammy

    Three high-yield issuers failed to go ahead with planned bond offerings last week in Asia in a clear sign that investors have become selective amid a spike in low-rated supply.

  • Minsheng’s AMTD targets investment banking

    AMTD unit 'named and shamed'

    The Hong Kong stock exchange has blocked the listing of AMTD Strategic Capital Group, a corporate insurance brokerage backed by Morgan Stanley’s private-equity arm, in a further sign of tighter scrutiny over IPO applications.

  • The headquarter building of China Investment Corporation (CIC) is pictured in Beijing

    CIC seeks €6.8bn for Logicor buy

    Sovereign wealth fund China Investment Corp is seeking a €6.8bn (US$7.9bn) borrowing to fund its acquisition of European logistics company Logicor, in its first foray in the syndicated loan markets.

  • An employee holds the largest D colour internally flawless diamond for auction offered by Sotheby's

    Thom Europe loses its sparkle

    By Claire Ruckin, Hannah Brenton

    French jewellery retailer Thom Europe became the latest casualty of investor pushback in the European leveraged loan market last week when it was forced to make a series of changes, including scrapping a €140m dividend, to help its refinancing clear a congested market.

  • A Staples in Burbank, California

    Staples LBO to test appetite for retail risk

    Banks are preparing a multi-billion debt sale to finance the US$6.9bn takeover of Staples by private equity firm Sycamore Partners in the largest leveraged buyout of the year so far.

  • Venezuela’s President Nicola Maduro

    Make-or-break moment for Venezuela

    Venezuela looks likely to be headed toward a credit event, no matter what happens with President Nicolas Maduro’s vote on Sunday to elect a new assembly to rewrite the constitution.

  • A woman cycles past the logo of U.S. chemical company Huntsman

    TiO2 prices spur Venator IPO

    Chemicals maker Huntsman is hoping a recent sharp recovery in the price of titanium dioxide and the prospect of further gains will resonate with investors as it seeks to price the US$500m NYSE IPO of its pigments arm, Venator Materials.

  • Financial Conduct Authority (FCA) logo

    Libor set for scrapheap by end-2021

    The UK’s financial regulator plans to scrap the widely used Libor interest rate benchmark by the end of 2021, when it wants a substitute rate based on actual transactions to be in place.