The recent stumble of Asia’s high-yield bond market has prompted me to revisit that issue which is always thorny when it comes to high-yield credit: cash leakage.
As your average Luddite of a certain age I confess that rather a few aspects of the technology revolution scare me. It’s not necessarily someone having an apparently superior holiday to my own which is splashed all over Facebook, Instagram, Snapchat, etc. I don’t post that stuff anyway so I’m thankfully out of the pictorial comparison game with regard to R&R.
The shipping industry is back in business after a prolonged and devastating slump. This is according to a friend of mine who has worked in the industry for decades and is well placed to call a turn in the market.
IFR Asia’s editor forewarned me last week that this would be the 1000th edition of the publication and I naturally volunteered to write something that would hopefully chime with this auspicious landmark. So here goes.
I find it rather peculiar that the ASEAN Economic Community, which envisages a European Union-style single market in Asia, was launched officially in late 2015.
The head of China’s largest bank sees credit risks, interest rate liberalisation and fintech as the biggest challenges for the country’s banking sector.
I gave fintech something of a mauling in this column a year ago, or at least in its application to the bond markets. I wrote that it was unlikely to supplant the old fashioned face-to-face or voice-to-voice modus operandi which continues to prevail in the primary markets and a large swathe of the secondary market.