News and opinion on finance

Rameda to breathe life into Egyptian IPO market

Cairo-based Rameda Pharmaceuticals is set to price Egypt’s second private-sector initial public offering (IPO) of the year, revitalizing the country’s lacklustre IPO market, which has struggled to recover to pre-revolution levels, despite ...
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Left-wing coalition sends jitters through Spanish banking

Podemos’s Pablo Iglesias embraces PSOE's Pedro Sánchez after signing the coalition agreementBanks in Spain are bracing themselves for yet another big blow to their profits, thanks to the anti-establishment Podemos party’s moves ...
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India reverses course on Essar Steel decision

The Supreme Court in New DelhiIndia’s Supreme Court has set aside a controversial judgement that had threatened to kill India’s distressed debt market before it started.As Euromoney reported in July, the National ...
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Origin seeks new funding to promote adoption of digital DCM

Two very different debt capital markets deals – one recently completed in Asia, the other earlier this summer in Europe – show how new financial technology is set to transform the primary ...
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What’s behind UBS’s joint venture with Banco do Brasil?

Banco do Brasil CEO Rubem Novaes talks with Sylvia Coutinho, country head of UBS Brazil, before a news conference in São Paulo on ThursdayThe logic behind the announcement of an investment banking ...
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Q3 earnings results show credit risk appetite among Brazil’s banks

Brazil’s private sector banks are firmly in ‘risk-on’ mode, after the third-quarter reporting season.The economy is expected to grow GDP a little under 1% this year, but the banks are anticipating stronger ...
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Green finance: Calls for transition bonds gain traction

A growing number of bankers and investment managers are trying to develop a transition bond market that will allow carbon-intensive companies and industries to finance their gradual shift away from fossil fuels ...
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Crédit Agricole plan flaunts modern mutualism

There are hard political reasons why Crédit Agricole formally set out the rationale for its existence – for the first time, it said – in its new medium-term plan on Thursday. Not ...
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Banking: The world’s unlikely hero in sustainable finance

“It’s an amazing time to be inbanking,” a senior banker told me in late May. He seemed shocked and a bit embarrassed to have said it out loud but continued: “This generation ...
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Facebook’s Libra isn’t finished yet

No fintech initiative has ever had such an extraordinary impact as that of Facebook’s Libra. The mere announcement of a plan to launch a reserve-backed, blockchain-based stablecoin representing a new world currency ...
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Country risk: Economics is not the only factor putting Asia in a quandary

Asia is sound, superficially. The region is, after all, one of several showing improvement in Euromoney’s country risk survey this year along with the Caribbean, CIS and sub-Saharan Africa.Among the investor locations ...
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Dire financial results bode badly for Uber’s push into payments

Uber’s second-quarter results showed a net loss of to $5.2 billion up from $878 million the year before. On the back of the news in August, its shares plummeted and have remained ...
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