2010 2009 2008
12 Mar 2010 Nations & economies, Loans, Foreign exchange China will allow interest rates to rise and the renminbi to appreciate as it seeks to rein in its overheating economy, notes RBC Capital Markets. It is forecasting 108 basis points of hikes in the benchmark lending rate over 2010.
09 Mar 2010 Hedge funds, Bonds, Loans, Market move The bank has appointed John Liptak as head of its Asia-Pacific distressed and special situations group, according to an internal memo. He came from Hong Kong hedge fund Tribridge Capital, and Bank of America before that.
04 Mar 2010 Bonds, Loans, Market move Bank of America-Merrill Lynch has hired Michael Luk from Deutsche to be head of Asia-Pacific debt capital markets. He quit the German bank last week. Rick Stoddard is rumoured to be taking a senior financing role within BoA-ML.
02 Mar 2010 Investment banking, Bonds, Loans, Foreign exchange, Market move The firm named Nipun Goel head of investment banking for India and Nitin Jain co-head of fixed income for India. Goel joins from BoA-ML in India, while Jain was most recently CEO of the primary dealership at ICICI Securities.
25 Feb 2010 Nations & economies, Bonds, Loans The region’s credit markets have remained resilient despite fears about Greece’s fiscal deficits, with markets reacting positively to the US Fed’s discount rate hike. But Nomura’s Dong Nam believes they will give up some of their recent gains.
24 Feb 2010 Loans, Polls & awards Mizuho Corporate Bank's willingness to support Japanese companies during trying times over the past year earned it Asiamoney's 2009 loans arranger of the year award.
23 Feb 2010 Stock & exchange, Investment banking, Nations & economies, Loans Todd Dunivant, head of bank research for Asia-Pacific at HSBC, notes that Hong Kong’s banking sector will continue to underperform as long as western economies remain weak.
22 Feb 2010 Investment banking, Bonds, Loans, Market move Observers say the bank’s move to unite debt origination businesses in Asia is smart and will boost revenues. UBS has made a number of DCM appointments in the region, according to an internal memo seen by asiamoney.com.
11 Feb 2010 Bonds, Loans, Asset management Income Partners and Deutsche Bank estimate that there are US$40 billion to US$50 billion of potentially distressed assets in Asia and Australia, with many companies avoiding default only because of the low interest rate environment.
11 Feb 2010 Loans ANZ impressed with its arranging of some of Australia's largest loans, in both US dollars and Australian dollars. It rightfully takes Asiamoney's best loans arranger award.
08 Feb 2010 Loans, Project finance, Polls & awards Woodside Petroleum’s ability to raise over US$1 billion in a dual-tranche loan, particularly in March last year, was a notable effort. It wins Asiamoney's award for best syndicated loan over the past year.
08 Feb 2010 Loans, Project finance, Polls & awards Aquasure Finance's dual-tranche project financing was the largest public-private partnership loan of its kind to be syndicated since the start of credit crisis. It earns our prize as best project finance in Australia for the past year.
01 Feb 2010 Nations & economies, Loans Industrial activity accelerated at record pace in China last month, but rising input and output prices highlight mounting inflationary pressures and raise the likelihood of further fiscal tightening measures.
26 Jan 2010 Bonds, Loans The bank urges investors to target credits from financial institutions, with valuations compelling in some cases, as well as high-yield bonds, which are increasingly attractive because of improving credit conditions.
14 Jan 2010 Nations & economies, Loans The nation’s lending splurge over the past year will have ramifications later this year, with interest rates and the renminbi set to rise. That, in turn, could impact the pace of the country’s economic expansion.
14 Jan 2010 Bonds, Loans Ferrier Hodgson, an accountancy firm specialising in insolvency, notes some investors have wrongly assumed they are senior creditors, and have paid the price. The firm urges them to look beyond standard due diligence.
13 Jan 2010 Stock & exchange, Nations & economies, Loans, Foreign exchange Beijing’s decision to raise banks’ reserve requirement ratio 50 basis points to 16% is likely to have a negative impact on Chinese equities, note analysts. It also raises expectations about interest rate hikes and adds to speculation that Beijing will relax the dollar peg.
13 Jan 2010 Stock & exchange, Nations & economies, Bonds, Loans, Foreign exchange By increasing the reserve requirement ratio, the People’s Bank of China has sent out a strong message, and further hikes are expected. Some believe it was motivated to rein in credit growth and to suck liquidity out of the system, with billions in PBoC bills set to mature.
05 Jan 2010 Loans The region saw the smallest drop in volume of any region globally in 2009 to US$484.8 billion, according to Dealogic figures. But exclude Japan, and US dollar-denominated loans accounted for their lowest proportion on record.