HONG KONG Kaisa Group Holdings Ltd (1638.HK) shares leapt as much as 87 percent on Monday as trading resumed after a 2-year suspension, as the first Chinese property developer to default on offshore bonds hinted at recovery with its first earnings report in 2-1/2 years. Kaisa's stock has been on hold since being unable to report 2014 earnings after local authorities blocked the sale of some of its properties, rendering the developer incapable of repaying creditors. In its last report for the...

French lender BNP Paribas is merging two research teams in a development that could see the bank cut around a dozen jobs globally as it looks to comply with new European regulations, two sources told Reuters. The move is the latest sign that global investment banks are starting to radically rethink their research franchises ahead of the January 2018 implementation of the so-called "MiFID II" rules which some analysts say could result in a 30 percent decline in global research spend. BNP is...

French lender BNP Paribas (BNPP.PA) is merging two research teams in a development that could see the bank cut around a dozen jobs globally as it looks to comply with new European regulations, two sources told Reuters. The move is the latest sign that global investment banks are starting to radically rethink their research franchises ahead of the January 2018 implementation of the so-called "MiFID II" rules which some analysts say could result in a 30 percent decline in global research...

HONG KONG (Reuters) - Chinese companies are facing a credit crunch over the coming months as a shrinking domestic bond market and pressure on banks to clean up leave firms grappling to refinance $130 billion of debt that comes due this year, and $248 billion more in 2018. China’s onshore bond market boomed last year, growing by a third in volume. But in the first four months of this year, with tighter rules and rising yields, bond issuance volumes have slumped to less than a fifth of last...

China's policymakers plan to open the doors wider than ever to foreign investment in the country's $3 trillion bond market, in part to help shore up the struggling yuan. But the currency is also proving to be a major barrier to the success of their plan. Foreigners own less than 2 percent of China's $3.3 trillion in outstanding bonds and say getting their cash out of China and recent weakness of the closely controlled currency are obstacles to investment. Foreign investors are also skeptical...