Bankers Doing Bond Deals Caught Out by New Era of Issuer Clauses
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Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Industrial & Commercial Bank of China Ltd., the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract.
The recent surge in immigration to the US has led many economists to boost their forecasts. Now they’re looking for more signs of its impact in the data.
Distressed developer CIFI Holdings Group Co. said it has reached an agreement with a key creditor group on some terms of a restructuring plan that could cut the principal on its debt by as much as 85%, a reversal from the company’s expectations of “no haircut” a year ago.
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
Dec 14, 2017
Reuters
,Canadian new home prices edged up by 0.1 per cent in October on strength in the capital, Ottawa, while prices in Toronto rose for the first time in five months, Statistics Canada said on Thursday.
Analysts in a Reuters poll had forecast a 0.2 per cent increase from September. Prices increased by 3.5 per cent compared to October 2016.
Ottawa recorded a 1.0 per cent gain on improved market conditions and new developments. Prices were unchanged in 15 of the country's 27 metropolitan areas.
Toronto and Vancouver, Canada's hottest markets for the past few years, posted modest increases of 0.1 per cent and 0.3 per cent respectively. Provincial governments in Ontario and British Columbia have both taken measures to clamp down on foreign buyers blamed for soaring prices.
The new housing price index excludes apartments and condominiums, which the government says are a particular cause for concern and which account for one-third of new housing.