Data
Head Start On Diversification Eases UAE’s Transition
From financial services to healthcare to tourism, the Emirates is exploring and expanding into new non-oil businesses.
Author: Gordon Platt
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Capital Raising & Corporate Finance
MSCI Tells China To Wait, May Reclassify Nigeria
China’s recent efforts to make it easier for global investors to access its enormous stock markets in Shanghai and Shenzhen were not enough to persuade MSCI to include these “China A shares” in its widely followed Emerging Markets Index just yet.
Capital Raising & Corporate Finance
US Companies Cut Back On Share Repurchases
A squeeze on earnings and a rise in funding costs have persuaded many US companies to commit less cash to buying back their own shares this year.
Data
Will the dollar peg come unglued?
GCC nations are constantly recalculating the cost/benefit ratio of maintaining the dollar peg. Lately, external pressures give the question new urgency.
Award Winners
World’s Best Securities Services: Coming Out Ahead In An Era Of Commoditization
Grappling with new technology and regulatory pressures, securities services must keep pace with rapid change or be swept away.
Capital Raising & Corporate Finance
ECB Corporate Bond Buying Lures US Issuers
<strong>Capital Markets | Fixed Income</strong><br />
US companies are rushing to borrow in European bond markets. They’re taking advantage of low interest rates on euro-denominated issues after the European Central Bank’s decision to start buying investment-grade corporate bonds in June—part of its economic stimulus program. Last year already set a record for corporate borrowing in Europe’s bond markets, where rates are significantly lower than in the US.
Capital Raising & Corporate Finance
From Azerbaijan To Zambia, Country Ratings Slide
<strong>Capital Markets | Sovereign Risk</strong><br />
Low energy and commodity prices and a global economy stuck in low gear have provoked a surge in sovereign ratings downgrades in the first three months of this year. And rating agencies anticipate another wave of downgrades if a wider global economic slowdown materializes.
Capital Raising & Corporate Finance
Market Braces For $2 Trillion In EM Debt
<strong>Trends | Emerging Markets</strong><br />
Emerging markets sovereigns and corporates will need to refinance up to $2 trillion of debt coming due in the next five years, as a result of extravagant borrowing earlier this decade when commodity prices were soaring and cheap financing was readily available.
News
Saudi Prince, “Minister of Everything,” Wields Power Behind Throne
<strong>Saudi Arabia</strong><br />
Known as the Minister of Everything, deputy crown prince Mohammad bin Salman, the favored 30-year-old son of the geriatric king of Saudi Arabia, is a man on a mission.
Capital Raising & Corporate Finance
Weak Dollar Boosts US Companies
<strong>Capital Markets | Foreign Exchange</strong><br />
After years of bemoaning the negative effects of the strong dollar on their revenue and earnings, US-based multinationals are singing a different tune.
Capital Raising & Corporate Finance
China’s Currency Fixings Suggests Move Toward Market Rate
The People’s Bank of China has introduced bigger movements in its daily fixings of the country’s currency against the dollar. If sustained, this subtle change could signal that the central bank is preparing to allow greater flexibility in foreign exchange trading.
Capital Raising & Corporate Finance
Dealmaking Declines Despite China’s Record Overseas Buying
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.