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Dutch bank is eyeing opportunities in credit-driven trades.

Wall Street is praying that the US economy will land softly now that the Federal Reserve has pricked the housing market bubble, because it will be bad news for mortgage origination if house prices stall for long or, even worse, fall. Already there are early signs of credit deterioration in some of the riskier mortgage securitizations. It can only be a matter of time before subordinated CDO tranches start to take a hit. Alex Chambers reports from New York.

CVRD’s massive financing programme for its takeover of Inco is the most prominent example of a boom in capital markets activity by Latin American minerals producers. Leticia Lozano reports.

In many ways Temasek, the investment arm of the Singapore government, looks very much like the US and European private equity powerhouses it competes with for Asian assets. Its business strategy, as defined on its website, is “to invest in companies with high regional or global potential and build them into successful enterprises.” It calls itself a “proactive, long-term shareholder”, which “drives performance and acts as a catalyst for wealth creation and delivery of value”. Spoken like a KKR or Carlyle. But there’s a big difference:

YoursMineShag destroyed the opposition at ACI’s annual quiz.

The saga of the PCCW takeover does little good for Hong Kong’s reputation as a financial centre.

Merger arbitrage has been one of the top-performing strategies of 2006. Paulson & Company is a leading light in merger arbitrage, with well-honed skills in both long and short strategic approaches to deals. Helen Avery reports.

Investment banks are paying fancy prices to participate in the hedge fund boom. Is there method in this or is it madness?

The weight of specialized fund and private equity money now chasing infrastructure assets means that everything and anything is up for grabs. Louise Bowman reports.

Wall Street is praying that the US economy will land softly now that the Federal Reserve has pricked the housing market bubble, because it will be bad news for mortgage origination if house prices stall for long or, even worse, fall. Already there are early signs of credit deterioration in some of the riskier mortgage securitizations. It can only be a matter of time before subordinated CDO tranches start to take a hit. Alex Chambers reports from New York.

Distressed debt used to be a secondary-market play. Today, it’s a primary-market business. Distressed or stressed companies don’t avoid default by restructuring old debts. They put on new ones supplied by myriad new forced buyers of credit. The product’s already distressed when it goes on the shelf.

The Saudi Arabian banking sector is waking up from its regulation-induced slumber.