What if the Bank of England’s emergency intervention is a foretaste of things to come, not just in the UK but elsewhere?
It was the UK and the Bank of England last week – and it could be the eurozone and the ECB in the firing line over the coming weeks. I’ll be keeping a closer eye on Italian bond spreads.
Moscow and the IFSC: How Russia’s largest private bank built up a $4.3bn bond pile in Dublin
Unlike Russia’s biggest banks, which are state-owned and cut off from western debt markets, Alfa Bank has been using Ireland to raise more and more funds from investors. An investigation by The Currency charts the money trail.
How four Irish high rollers took on Revenue over an elaborate scheme to reduce their tax bills – and won
Four significant media and entertainment investors used a complex Berlin bond tax scheme to essentially wipe massive sums off their tax bills. Now, in a major decision, the High Court has ruled in their favour.
Bondholders bet on 35% rise in Glanbia shares as they lend co-op €250m for Irish de-merger
The farmer-owned co-op is regaining full control of Glanbia’s Irish operations in a €300m deal. This will now be largely funded by debt secured on the group’s listed shares, reducing the need to sell under-valued stock.
Constantin Gurdgiev: The US deficit has topped $1 trillion and investors should be worried
As the Trump administration continues along the path of deficits-financed economic expansion, the question that investors must start asking is at what point will debt supply start exceeding debt demand, even with the Fed continuing to throw more cash on the fiscal policies bonfire?