Search results for

The economies of China and the Middle East are expanding at breakneck speed. Over the past 18 months, they have woken up to the importance of investing in each other’s growth. But as Chinese and Middle East investors still find it difficult to cooperate, what can be done to help? Dominic O’Neill reports.

China’s mergers and acquisitions market is gathering steam after a couple of relatively quiet years. Elliot Wilson reports.

"They danced with some good-looking girls but they danced with some ugly ones as well"

Many economic indicators in Turkey remain strongly positive despite internal political crises and flashpoints on the country’s borders. David Judson reports.

Debt trading poll: A year to separate the men from the boys

The contrast with US regulation could hardly be more stark, writes Neil Wilson.

The high quality of its mortgage assets might not be enough to save Northern Rock’s Granite master trust.

For much of the past couple of years, ECM bankers have had to sit on the sidelines as IPO mandates slipped through their fingers as companies opted instead for sales to private equity buyers. The current weakness in the credit markets, which is making life difficult for leveraged buyouts, has, however, turned the tables. In October, Cadbury Schweppes announced that it planned to spin off its US beverage unit, the maker of Dr Pepper and 7 UP, after a seven-month search for a buyer was derailed by the credit market crunch.

Deutsche Bank has appointed Marzio Keiling and Mark Graham as co-heads of the European securitized products group (SPG). Keiling and Graham will report jointly to Erik Falk and Frank Byrne, co-heads of global SPG. The two are responsible for the origination and distribution of securitization products and services in Europe. Graham was a senior member of the Morgan Stanley real estate securitization team behind the Eloc programme. At Deutsche, he previously ran the European special situations group within SPG, focusing on illiquid securitized financings and whole-business securitization. Keiling was head of institutional client coverage for Europe. They replace Jeff Stolz, who joined Goldman Sachs in mid-August.

Saybrook’s Tax-Exempt Opportunity Funds are making money by investing in distressed and defaulted municipal bonds. CIO Jon Schotz talks to Helen Avery about the growth of opportunities in the sector.

Citi announced on October 2 that it would acquire the remaining shares in broker Nikko Cordial that it does not already own to make the company a wholly owned subsidiary. The move marks the first usage by a foreign firm of the new triangular merger legislation, which allows firms to use their shares rather than cash to make acquisitions and which has been available since May after a ban on the practice was rescinded.

Scotiabank has long had an interest in Latin America, with assets throughout the Caribbean and Mexico. Recently Canada’s number two bank has stepped up its presence by buying a bank in Chile, expanding in the Caribbean and announcing plans to open 100 branches in Mexico. Along with this push, the CEO announced the appointment of Anatol von Hahn, who will take over as head of Latin America in January. Chloe Hayward talks to Peter Cardinal, the head of Latin America at Scotiabank, about its plans for the future before he bows out.