Markets pm: Bid activity helps Europe advance, ‘Cov-lite’ loans ...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/XYEWFF/NRZ949/XEQHS2/6VRT5E/   Markets afternoon briefing Monday May 27 2013 Markets   Bid activity helps Europe advance Club Med shares jump on buyout offer and financial stocks recover some poise, but volumes are low with UK investors absent due to a public holiday http://link.ft.com/r/XYEWFF/NR6DOI/18E32X/KQD1WX/K9VQ2D/ID/h?a1=2013&a2=5&a3=27   'Cov-lite' loans soar in dash for yield Proportion of loans without covenants soars to more than half of all leveraged loan issuance this year, twice the level during the 2007 credit boom http://link.ft.com/r/XYEWFF/NR6DOI/18E32X/KQD1WX/MJASZE/ID/h?a1=2013&a2=5&a3=27   Investors pour big sums into US biotech The resurgent mood in the US equity market has proved a boon for biotech groups as at least are said to be preparing a float in the coming months http://link.ft.com/r/XYEWFF/NR6DOI/18E32X/KQD1WX/4VFC30/ID/h?a1=2013&a2=5&a3=27   Banks issue renminbi bonds in Singapore Singapore is to become an offshore centre for the use of the renminbi as HSBC and StanChart issue bonds denominated in the Chinese currency http://link.ft.com/r/XYEWFF/NR6DOI/18E32X/KQD1WX/EKGX87/ID/h?a1=2013&a2=5&a3=27   Yen climbs as Japanese stocks tumble The yen gains as investors flee to safety in the wake of sharp losses for Japanese equities as the Nikkei index falls 10 per cent in three days http://link.ft.com/r/XYEWFF/NR6DOI/18E32X/KQD1WX/HIOYCK/ID/h?a1=2013&a2=5&a3=27   In depth - FT.com Great tax race Austerity Europe Libor scandal Bank bonuses Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..