global

The oil and gas group agrees to pay $3 billion to acquire a majority stake in the independent power producer from France’s Engie, potentially rising to $4.3 billion.

China is pushing for the renminbi to be included in the IMF’s accounting mechanism, but some suggest more financial reform is needed to raise confidence in the currency.

Global DCM realm continues to diversify, with debut dollar deals dwindling and maiden renminbi and euro offerings rising to record levels, according to Dealogic data.

Cristian Jonsson succeeds Philip Cracknell as global head of loan syndications, while Aaron Russell-Davison becomes the new global head of syndicate.

Global leaders, led by Gordon Brown and Nicolas Sarkozy, are pushing for a reform of the international financial system.

Joint efforts made by governments all over the world may help in reviving the wounded debt markets.

Morgan Stanley's Gregory Peters warns that Asian economies are not immune as the global economy slides into recession.

The US government's fiscal stimulus package is unlikely to work, which means it is up to the Fed to stablise the US economy - and the financial markets.

Financial deepening, a strong macro-economic environment and diversified trade are making the region more resilient.