Latest articles from Capital Mkts

Losing streak: the value of the yen (pictured) has fallen sharply since October 2012, but the worst-performing currency in 2013 is sterling

Currency managers put faith in volatility

April 2, 2013

The foreign exchange markets have been tough of late, amid relentlessly declining volatility and persistently low returns. However, a shift in the economic landscape may give managers a chance to shine in the coming year and take advantage of new relationships with the banking community.

Spain’s prime minister Mariano Rajoy and Hungary’s prime minister Viktor Orban

Transformation continues for European sovereign-linked issuers

April 2, 2013

The European Central Bank has helped assuage fears of an imminent eurozone breakup, but sovereign, supranational and agency debt management officials must still contend with ratings downgrades and difficult political and fiscal situations in a number of countries. The Banker hears from a range of EU issuers both inside and outside the eurozone.

Ina De, JPMorgan

The long view suits JPMorgan as equity market revives

April 2, 2013

JPMorgan has sought to maintain hard-won expertise even during the near closure of European equity capital markets in late 2011 and early 2012. Its regional co-head of equity capital markets explains how continuity has set it up well to capture a nascent revival of new issues.

African debt markets come of age

March 1, 2013

Eurobond issuance from sub-Saharan Africa is still dwarfed by that from elsewhere in the world. But more and more African sovereigns are tapping the market as investors clamour for exposure to the rapidly growing region, where local bond markets are also developing quickly.

Bonds come in from the cold in eastern Europe

Bonds come in from the cold in eastern Europe

March 1, 2013

Although foreign banks may be reining in finance for their subsidiaries in central and eastern Europe, any transition to local currency bond financing looks likely to be gradual.

Ireland climbs out of periphery pit

Ireland climbs out of periphery pit

March 1, 2013

Renewed access to capital markets for both the sovereign and the two largest banks has prompted hopes that Ireland will be able to exit multilateral support programmes successfully by the end of 2013.

cover story March 2013

Collateral: the hunt is on

March 1, 2013

More people need it, there might not be enough of it, and much of it is locked up and cannot get to where it needs to go. Collateral is in demand and the hunt is on.

US and China reach stalemate

US and China reach stalemate over accounting practices

February 1, 2013

US authorities require Chinese companies listed in the US to abide by certain accounting standards. Many of these Chinese companies are unable to meet such demands because the information contained within their accounts is deemed to be a state secret. Recent fraud accusations involving Chinese companies have only served to highlight this problem, but any sort of resolution appears to be some way off.

Latin America moves on while Brazil falters

Beyond Brazil: Latin America's capital markets gather momentum

February 1, 2013

For years, activity in the Latin American equity capital markets had been largely limited to Brazil. However, this changed in 2012 when big deals in Mexico and Chile brought the countries to the fore. Is Brazil's dominance over for good?

Could equities be the 2013 hotspot

Could equities be the 2013 hotspot?

February 1, 2013

Despite 2012 being a poor year for equity capital markets, 2013 has started positively and emerging markets are likely to be a rich source of initial public offerings if eurozone jitters remain under control.

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