Stephen Williams News
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Acquisition lending in Asia tripled in the first quarter as banks chased higher-yielding assets to offset a slump in other syndicated financing, prompting borrowing costs to fall.
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HSBC Holdings Plc is leading the drive to convert companies to bonds from loans in Asia, helping it enter the global top 10 for junk issuance.
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UBS AG used contacts with China’s richest people to help it climb into the top-five arrangers of G-3 bonds in Asia for the first time since 2011.
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American Electric Power Co., Southern Co. and seven other power companies lost a court challenge to U.S. rules setting rates telephone and cable providers must pay to attach lines to electric utility poles.
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Investment banks in Australia may have to cut jobs by the end of the year as a slowdown in deals crimps revenue by as much as 40 percent, said Royal Bank of Scotland Group Plc’s top local executive.
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Royal Bank of Scotland Group Plc’s Australian head, Stephen Williams, will leave in the next three to six months, according to a memo obtained by Bloomberg News.
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Asian infrastructure companies may sell dollar bonds to finance projects as bank regulations and tightening liquidity complicate loans that dominated funding for the past 15 years, according to HSBC Holdings Plc.
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Fate bequeathed a delusional legacy to the small French suburb of Pessac.
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Chateau Petrus 1988 Pomerol and Latour 2000 Pauillac both beat estimates at a Sotheby’s auction in a sign that Bordeaux prices are rallying and demand continues for rarer Burgundies.
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A proposal to give every British voter shares in the part-nationalized Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc is one of a number of ideas under consideration, Prime Minister David Cameron’s office said.
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