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Paul Krugman fills me with a sense of despair. The professor of Economics at Princeton University and Nobel-prize winner doesn't seem to understand structured finance. Yet he persists in shouting about it from his (very prominent) platform in The New York Times.

Though there are very few unsolicited takeovers in Hong Kong, the time for them is now ripe. Here's how to manage the hurdles

A warrant, in its general sense, is a security that entitles the holder to purchase or sell a specific number of shares from a company at a particular price, the so-called exercise price, within a certain term according to the terms of the issue. Warrants are often attached to bonds or stocks as sweeteners, issued by companies when they make a new issue of shares, in order to attract potential buyers. As they comprise only a fraction of the price of the share itself, investors may potentially benefit from the growth of a much larger shareholding.

Shearman & Sterling has represented HTM Sport- und Freitzeitgeräte, a subsidiary of sports-equipment manufacturer Head, on its offer to exchange €135 million of its bondholders 8.5% secured notes for new 10% senior secured notes with the same maturity. Cerha Hempel Spiegelfeld Hlawati advised HTM on Austrian law, with Cahill Gordon & Reindel counselled the dealer manager on US law.

The prescriptive EU directive on Credit Rating Agencies just made coordinating a global response to regulation more difficult

After US Federal Reserve stress tests are revealed, the government could own a voting stake in 19 of the country’s largest banks.

When Pipes return to prominence in India, investors will need to know the restrictions affecting them, explain Preeti Mehta and Chetan Thakkar of Kanga and Company

Birds do it, fish do it, and even investment bankers have started to do it. We're talking about migrating.

Chinese companies may become more competitive in foreign M&A, as a result of Mofcom reforms to the approval process

Japan has rules that make nominating independent directors easy, but no one uses them. Someone must set up a Governance Improvement Fund