Deal is a textbook example of how not to create price tension in a capital markets offering
Innovations around EM indices are required with more thematic benchmarks
Apart from top earners, the spending of Generation Z and millennials is defying pressure elsewhere — helped by parental subsidies
Bond investors could easily be caught off guard if liquidity conditions fail to loosen significantly
Bourses hope to draw listings with pitches that draw on corporate aspirations, strategy or identity
The central bank needs to maintain a moderately restrictive stance on monetary policy to make further progress on inflation
High yield debt is becoming more investment grade
The Fed is unlikely to save the day as economic conditions deteriorate
Changes to disclosure rules on share buybacks would make a big difference to returns
The onus is on the central bank to forestall a weakening in the US labour market
Crypto promotion by the White House would chip away at the dollar’s reserve currency status
We are entering a new regime where bonds offer greater value than equities
Beijing needs to adopt more ambitious measures to improve consumption
Bank of Japan’s moves to shore up yen indicate consensus on such actions needs to be updated
Ironically, Jay Powell’s speech has encouraged markets to run even faster and with more confidence
Despite distortions by the pandemic and the rise of China, cross-border trade looks healthy
The Singaporean model could serve as a valuable template for many countries
The fixation with balanced budgets over everything else will be overcome
The central bank needs to look at areas such as shadow institutions, the risks of sudden capital outflows and communication
The bigger challenge the country faces is a policy-driven debt-deflation loop
Industry lobby groups are seeking the lighter touch of the CFTC regulation rather than SEC oversight
Four reasons why the ‘rope-a-dope’ strategy should narrow a valuation gap with a growth-orientated approach
Actively unwinding the balance sheet could push the economy back into deflation
The interests of investors and asset managers are difficult to align
Diversifying exposure away from an employer makes cold financial sense
