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NewsInvestors embrace Tesla's debut in ABS market
Name recognition and a robust primary US structured finance market helped ensure an overwhelming reception Thursday for investor darling Tesla’s debut auto-loan ABS.
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NewsGreece to test appetite with longest comeback deal
Greece will face its biggest bond market test soon as it looks to syndicate its longest trade since it returned from market exile last year.
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NewsHedge fund seeks damages over CDS 'fraud'
Hedge fund Solus vowed to keep up its battle against Hovnanian’s controversial debt swap and is seeking damages after a judge last week allowed the transaction to go through.
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NewsNoble reveals workout plan
Noble Group revealed the terms of its proposed restructuring last Monday, confirming that creditors are in line for heavy losses on more than US$3bn of outstanding debt.
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NewsBanks line up US$14bn debt for TR buy
Banks are lining up a jumbo leveraged financing of around US$14bn to back US private equity firm Blackstone Group’s acquisition of a 55% stake in the financial and risk business of Thomson Reuters.
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NewsEvergrande risks Asia's equity-linked party
China Evergrande Group knocked the wind out of Asia’s equity-linked capital markets with an opportunistic HK$18bn (US$2.3bn) convertible bond issue, which had to be hastily restructured to get over the line. Evergrande founder Xu Jiayin
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NewsItalian banking shares poised for worst year since 2011 after referendum defeat
Italian banking shares suffered hefty losses after Matteo Renzi’s heavy constitutional referendum defeat revived fresh concerns about the fragility of the country’s financial system. In tumultuous trading, Italy’s banks index fell by as much as 4.8pc in early trade as investors feared efforts to raise capital for beleaguered ...
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AwardsBrand Management and Reputation Awards.
Over decades brands have created fame and fortune like those of the Rothschild family and similarly been dashed overnight and caused infamy in the case of others like Lehman Brothers. We also see established brands like Rolls Royce spend millions on their profile but then brands can jump from nowhere like Uber and lure consumers to spend.
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Opinion
When Saudi Arabia ruled OPEC
This weekend’s OPEC fiasco in Doha underscores Saudi Arabia’s lack of wiggle room in production. Saudi has its back to the wall, financially speaking, caught in the cold and it cannot afford to rein in its output.
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Opinion
Japanese market takes a leap of faith
I’ve seen some pretty rum things in my time and I can assure you that the behaviour of the Japanese stock markets over the past two days is right up there. A 3.5% bungee jump does nobody any credit, least of all those who might have sold at the bottom ...
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Opinion
China’s credit-fueled growth gives reason to doubt market recovery
A look at China’s debt-fuelled growth figures shows we should be a lot less confident about the rest of the global economy and financial markets.
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Opinion
Intel goes from hero to zero
The announcement that Intel Corp is going into serious retrenchment mode should come as no surprise but it still feels like the cage in which we have lived for the past 30 or so years is being rattled.
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NewsFord to extend US$13.4bn loans
Ford Motor is in the market for support to extend US$13.4bn of loans by a further one year period.
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News
Indian banks hold out on IPO fees
India’s privatisation programme hit another snag last week after banks declined to work on the Rs10bn–Rs12bn (US$145m–$175m) IPO of Cochin Shipyard due to the low fees on offer.
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News
Shareholders back Banca Popolare di Vicenza IPO
Trapped between a rock and a very hard place, shareholders in Italy’s Banca Popolare di Vicenza backed the bank’s critical €1.75bn share issue at an EGM on March 5.
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News
Sponsors score US$391.3m from TransUnion sale
TransUnion’s stock price showed signs of indigestion in the wake of last week’s US$391.3m sell-down by sponsors Advent International and Goldman Sachs.
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News
Oil price relief fails to slow E&P recap wave
Renewed prospects for production cuts abroad and promises by domestic exploration and production companies of cashflow neutral operations continues to provide a positive backdrop for oil. WTI oil gained US$2.70 on the week to US$38.62, up from a low of US$26.21 a month ago, in part on short-covering and risk ...
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News
Manulife REIT eyes IPO relaunch
Canadian insurer Manulife Financial is preparing for a second attempt at a US$500m Singapore listing of its US commercial property trust.
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News
Australia: Wisetech meets IPO investors
Wisetech Global is meeting investors on its planned IPO of A$150m (US$111m) for a listing on the Australian Stock Exchange, according to a person close to the plan.
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News
Italy: Saipem banks bailed out by rising market
Goldman Sachs and JP Morgan choreographed a sale of unsold shares from the Saipem capital increase on behalf of 10 banks on Monday evening at €0.39, achieving a price that seemed improbable when the unsubscribed rights went unsold on February 19.
