Good news reports from Brazil have been few and far between in recent years. Political instability associated with high-level corruption has shaken investor confidence and ushered in the deepest recession Brazil has seen in decades.
According to Financial Times Lexicon, “CoCo bonds, or contingent convertible notes, are slightly different to regular convertible bonds in that the likelihood of the bonds converting to equity is ‘contingent’ on a specified event, such as the stock price of the company exceeding a particular level for a certain period of time….
The first half of 2017 was a good “vintage” for equity markets. Wall Street peaked at record levels, with the Nasdaq gaining 15.8 percent so far this year and the S&P 500 Index more than 9 percent.
The first half of 2017 was a good “vintage” for equity markets. Wall Street peaked at record levels, with the Nasdaq gaining 15.8 percent and the S&P 500 Index more than 9 percent.
For more than a year, the London Stock Exchange and Deutsche Börse have been working on a merger project, which would place the new entity at first place on European markets, with exceptional strength on derivatives markets and clearinghouses.
On February 22, 2017, the World Trade Organization (WTO) announced the end of a long story with the agreement on trade facilitation, concluded in 2013, finally able to enter into force. Criticized for its paralysis for years, finally the agreement has been ratified by a two-thirds majority of member states;
Geopolitical risk is becoming a major issue of security for businesses and in particular the banking sector. Since his inauguration in January 2017, there remains a lot of uncertainty around Trump’s cybersecurity plans and policies.
Kenya is an important country in Africa. Its gross domestic product (GDP) comprises 40 percent of the East African Community (EAC) region: Kenya, Uganda, Tanzania, Rwanda, South Sudan and Burundi.
The US government has kicked off a process to scuttle a pair of mergers involving four of the nation’s five largest healthcare insurers. If its plan succeeds, it will block transactions worth around $91 billion.
The City of London’s status as the financial capital of Europe is under threat as global banks located in the City may need to relocate to the continent as a result of the Brexit vote.