Chemicals company shifts refinancing; Investors give up restrictive covenants

Expects to build a strong niche position; Courting international investors

Eased IPO rules might boost dual listings; Attractive opportunities for retail investors

Bank regains market share; Benefits arise from bespoke research

Volatile market blamed for failure; Liquidity issue addressed

Institutional investors tell us which analysts have made the best calls in the past 12 months. An invaluable guide to investors looking to diversify their European portfolios.

QInvest to inject $250 million; Eyes expansion in Africa, Asia

Deep sector coverage wins key mandate from Novartis; Firm to benefit as universal banks retreat

Geographic retrenchment to focus business; Commercial banking to drive growth

€60bln war chest for bank assets amassed; Sales to peak in 2013

A new $10 billion state private equity fund in Russia completed its first deal alongside private-sector investors last month, in the biggest of a string of M&A transactions in the Russian power sector. In addition to private-sector money, the deal included the largest-ever private equity investment in Russia by a Middle East fund, in this case one backed by sovereign wealth.

Find out who funding officials at borrowers in the global debt capital markets think are the best at servicing their clients across various service categories, by major currency sectors and by product types.

Assumption is that central bank liquidity will keep on coming.

An end to the proliferation of bookrunners will be a vital aspect of the resurgence of Asian IPOs.

Secondary market illiquidity is taking its toll in Europe.

Lucrative stakes in Turkey’s Akbank and Finansbank have been added to the for-sale list, while Dexia approaches a deal with Russia’s Sberbank to sell Denizbank. With EFG Eurobank leaving the Turkish market to Kuwait’s Burgan Bank and Lebanon’s Bank Audi establishing a unit in Turkey, the trend is hard to ignore: Arab investors have discovered Turkish banking.

New regulation of M&A in Brazil will add uncertainty to an already weakening merger market.

Turmoil in the Spanish banking sector raises the threat of substantial losses for subordinated bondholders.

The JPMorgan credit derivatives trading farce is set to extend its run. Rival market players will have plenty of tactical opportunities for profits, but a bigger question for peer-group banks is whether they will be able to win back investment banking market share that was lost to JPMorgan after 2008.

Italian banks may have no choice but to consolidate.

Corporates used to be at the risky end of the credit spectrum, with governments supposedly risk-free and banks benefiting from implicit sovereign support. That order is now inverted.

The effects of Standard & Poor’s reduction of outlook on Turkey have been muted, while some sectors of the country’s debt capital markets hobble along at their own pace.

Grexit or not, the selective default of Greece has already changed everything for both bond and equity investors in Europe.

There are too many banks for sale in emerging Europe, and not enough buyers.

None of the policy responses, monetary or fiscal, addresses the real global sickness: debt.

Jamie Dimon’s failure to control the traders gone wild in JPMorgan’s chief investment office has dealt a serious blow to the standing of group CFO Doug Braunstein and investment bank head Jes Staley.

Graff pulled on verge of float; Alibaba ultimate test of appetite

Preparations for Greek banks’ withdrawal; Romanian and Serbian currencies at record lows

As the one bright spot in dark markets, DCM is the business that everyone wants to be in this year. But a distinction is emerging between those banks that are crowding into the space and those that are able to make money from it. To be one of the latter takes more than just a strong league table showing; it takes a global franchise and a sharp eye for opportunity.