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The Daily Capital Markets Digest
(Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary.
(Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world’s second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century.
Alibaba wowed the markets Thursday with its ground-breaking US$8bn debut dollar bond, pricing it at levels in line with and even tighter than some of the world’s best-known companies.
MGM Resorts International was the only benchmark deal to price in the US high-yield market on Thursday as the market awaits another big deal for the highly leveraged buyout of software firm Tibco that looks to be struggling.
Keith Mullin finds the continued focus on remuneration astounding.
Canada can gain from a new renminbi licence, but things haven’t always gone well.
Who’s the next target for revenue-generating fines?
Alibaba’s massive debt deal performed more like US credit.
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