Finance news
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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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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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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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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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NewsStrong demand from emerging markets keeps gold prices up
Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal, a market participant said Monday. Demand from emerging markets in particular is strong as currencies such as the Indonesian rupiah, the Malaysian ringgit and the Vietnamese dong has fallen sharply in ...
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Energy shares boost stocks
Six of the S&P’s 10 sectors advanced in an abbreviated session ahead of the Independence Day holiday as oil prices rallied on revived tensions over the Iranian nuclear program.
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Producer-price inflation slows
Euro-zone producer-price inflation slowed to its weakest rate in more than two years in May, pointing to a slowdown in consumer prices that would give the European Central Bank more room to cut its key interest rate.
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Irish auction marks progress
Ireland will make a tentative step toward regaining the trust of bond investors Thursday when it sells €500 million of Treasury bills, marking its first auction since it was locked out of international capital markets in September 2010.
