The View

  • US banks face impossible questions on China

    US banks face impossible questions on China

    The relationship between the US and China, which has faced immense strain during Donald Trump’s presidency, is unlikely to get too much relief under the Biden administration. The biggest losers will be US banks and their capital markets business in Asia.

  • Eurostar's begging letter shows tunnel vision

    Eurostar's begging letter shows tunnel vision

    Eurostar, the company which runs trains through the Channel Tunnel between London and Europe, is angling for a UK government-backed bailout loan. It is a ruse that can most generously be described as cheeky. If the company really needs cash to survive, there are many more appropriate ways of raising it in the capital markets.

  • YPF battle is a bad omen for Argentina bondholders

    YPF battle is a bad omen for Argentina bondholders

    Creditors of Argentine state-owned oil and gas company YPF are fighting for their rights after being asked to participate in a debt exchange that would cause them material losses. But even if bondholders rebuff what appears to be an opportunistic offer, the attempted deal is another bad omen for investors in Argentina.

  • Sustainability-linked bonds: a win on several counts

    Sustainability-linked bonds: a win on several counts

    With Asia’s sustainability-linked bond (SLB) market thrown wide open with the first transaction, there is a case to be made for the opportunities offered to both issuers and investors by this nascent asset class.

  • Investor activism: three kinds of impact

    Investor activism: three kinds of impact

    Big firms like HSBC, BlackRock and JP Morgan are always being criticised for environmental, social and governance failings. The remedy lies in their hands.

  • Indian loans: some good news after a bad year

    Indian loans: some good news after a bad year

    Asian loans bankers are expressing guarded optimism about their prospects this year. Most of their hopes are so far concentrated on India, where a mix of public and private sector deals — as well as the occasional sponsor financing — should bring some welcome supply.

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