Markets have rallied after a weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies, markets, and the US dollar; however, pharmaceutical stocks are in focus as US president Donald Trump tries to reduce drug prices.
Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.
Cristina Chang will lead Citi ANZ’s markets business while retaining her role as head of asset backed financing, spread products, Asia North, Australia and South Asia.
The Australasian bank has announced that Anshul Sidher will step up as managing director of its Markets business. He will oversee recent recruit, Viacheslav (Slava) Shilin, who has joined the bank from Citi to lead its credit strategy.
Recently appointed Dechert partner, Daniel Margulies, spoke to FinanceAsia about setting up the firm’s first financial restructuring practice in Asia, and what sectors are likely to drive business in light of current macro events.