2012

Treasury & Cash Management Supplement

RISK CONVERGENCE Unsurprisingly, risk is a key theme for our Seventh Annual Treasury & Cash Management supplement. 'Hurry up and wait' has been the prevailing message from global markets, and treasurers are responding in myriad ways to the changing environment ...

Cross-border M&A Deals Over US$3 Billion - 2011

Cross-border M&A deals involve companies based in two different countries. According to Thompson Reuters, these transactions had a worldwide value of US$908.4 billion in 2011 and comprised 35.3% of overall M&A activity . This means that they stayed flat compared ...

The Happiest Countries in the World

The Happiest Countries in the World

There are a variety of different methodologies being used to study the relatively new field of Happiness Economics. Global Finance presents here results from the 2012 Happy Planet Index and the 2012 OECD Better Life Index with particular reference to ...

The Best Cities in the World to Live

The Best Cities in the World to Live

The "best cities to live" are those that offer the best quality of life. European cities have dominated this ranking in the past and continue to do so in the 2011 Mercer Consulting Quality of Living Survey, occupying eight of ...

Internet Users By Country

Internet Users By Country

In 2011, the percentage of people using the Internet around the world continued to grow. The International Telecommunication Union calculated that, by the end of the year, approximately 2.3 billion people were online. Penetration in Europe, already the highest in ...

World’s Largest Companies

There are many different ways to measure the size of a company, each of which creates a different ranking of the world's largest companies. Global Finance presents three of the most renown, the Fortune Global 500 , the FT Global ...

Global Broadband Penetration Rates

Global Broadband Penetration Rates

According to the OECD, broadband penetration is measured by the number of broadband subscribers per 100 inhabitants. Broadband connections comprise both fixed and wireless services offering connectivity with download speeds greater than 256kbit/seconds. Fixed services include DSL, Cable and Fibre. ...

The Most Peaceful Countries in The World

The Most Peaceful Countries in The World

The concept of peace is difficult to define – and even more difficult to measure. However, since 2006 the Global Peace Index has defined peace as the "absence of violence" and has sought to determine what cultural attributes and institutions ...

Value of Cross-border M&A by Sector and Industry

M&A activity in 2011 was driven by the Energy and Power sector, according to Thompson Reuters. This accounted for 19.8% of announced deals, both cross-border and not. The Financial and Materials sectors followed in second and third position, with 13.6% ...

Distribution of Population and Mortality

Distribution of Population and Mortality

Data on population size, population growth, life expectancy, fertility and child mortality rates offers insights into the health of countries around the world and, as such, into their people's chances and ability to prosper. Over the years, it can also ...

Income Inequality and Wealth Distribution by Country

Income inequality and wealth distribution are two different concepts, in that income inequality focuses exclusively on the income side of the equation while wealth distribution looks at how the ownership of assets in a given society is shared among its ...

Value of Cross-border M&A by Region and Country

Data from Thompson Reuters show that cross-border M&A activity was valued at US$908.4 billion during full year 2011, accounting for 35.5% of total volume , approximately the same level as in 2010. Emerging markets comprised 25% of announced deals worldwide ...

Words Of Wisdom: Gerald Hassell, Bank Of New York Mellon

RESILIENCE UNDER PRESSURE By Denise Bedell Gerald Hassell is chairman, president and CEO of the Bank of New York Mellon. The bank, which focuses on investment management and investment services, has $26.6 trillion in assets under custody and administration, and ...

Annual Supplement: Technology & Treasury Management 2012

ENGINES OF GROWTH The world of corporate treasury is changing. Increasing international growth among developing-markets companies is causing a revolution in how companies manage cash and liquidity—and thus how banks market their transaction products and services. While global banks continue ...

Regional Focus: Southeast Asia

ASIAN PEARLS By Denise Bedell Three pearls of Southeast Asia are beginning to glow with their own unique luminescence. Malaysia, Thailand and the Philippines are increasingly on the radar of international investors and corporations. Red Hook, Brooklyn, is home to ...

Roundtable: Philippines

UPWARD TRAJECTORY Moderated By Denise Bedell At a roundtable in Makati City, Manila, Global Finance brought together key banking and corporate figures in the Philippines to discuss how they are responding to the challenges they face in attracting global investment ...

TCM Focus: Corporate Payments

CARD TRICKS By Denise Bedell Advanced card solutions are helping companies extend working capital cycles while improving suppliers' cash flow. The drive to automate payments has been a long-term trend, pushed further by the global financial crisis and the need ...

2011

FX Supplement: Dollar Reserve Currency Still Reigns

SAME OLD, SAME OLD By Denise Bedell The US dollar will remain the world’s reserve currency of choice as long as there is no credible alternative. There have long been calls for a new currency to take the place of ...

Special Report: Sepa

THE JOURNEY BEGINS By Denise Bedell Upcoming end-dates for Sepa migration prompt companies to begin planning projects. Corporates in Europe are facing the inevitability of Sepa compliance in or around 2014—when end-dates for migration from domestic legacy direct debit systems ...

Trade & Supply Chain Finance 2011: Trade Receivables Securitization

BECOMING LIQUID By Denise Bedell Investor interest in trade receivables securitization is growing, and companies are taking note as they search for alternative liquidity sources. Atallah, Deutsche Bank: Volatile credit markets are forcing companies to use new liquidity tools Trade ...

Trade & Supply Chain Finance 2011: Sustainable Supply Chains

GREEN PROFITS By Denise Bedell Companies have long been working on creating sustainable internal operations. With growing recognition of the symbiotic buyer-supplier relationship, they are now moving those efforts into their supply chains—and reducing costs in the process. There has ...

Treasury & Cash Management Supplement: Enterprise Risk Management

ON THE RIGHT PATH By Denise Bedell Enterprise risk management is now a central theme for treasurers at large corporates. Both regulatory changes and business benefits are driving the increased focus. The financial trauma of the past few years has ...

The Trade Revolution

SIBOS 2011— TRADE FINANCE By Denise Bedell Trade finance is in the midst of wrenching changes, and banks must keep pace with them or face loss of market share and a deterioration of their client base. The demands of traders, ...

Regulators In The Driver’s Seat

SIBOS 2011— REGULATION By Denise Bedell Companies—and their banks—are increasingly mindful of how regulatory changes, such as the introduction of Basel III, will affect their corporate banking activities and the cost of banking services. Wholesale banking activities—in particular, straight lending—are ...

Asian Infrastructure Finance Gets International Boost

MILESTONES: ASIA by Denise Bedell Charged up: Investment should enhance power grid Vietnam’s National Power Transmission Corporation (NPT) has launched a $200 million, 13-year infrastructure finance facility that demonstrates the growing enthusiasm among international investors for financing Asian infrastructure projects. ...

Technology And Treasury Management: Working Capital Management

THE WORKING CAPITAL TRANSFORMATION By Denise Bedell Companies are looking to technology to help them delve deeper into their working capital processes. The debate that has long raged over whether enterprise resource planning (ERP) systems can compare on a function-by-function ...

Technology And Treasury Management: Managing FX Exposure

EXPOSING FOREIGN EXCHANGE RISK By Denise Bedell Companies with international operations are looking beyond spreadsheets to get a timelier view of their global FX exposures. Within a few hours of Osama bin Laden’s being killed, global markets had responded. The ...

The World's Best Banks 2011

ANNUAL SURVEY: THE WORLD’S BEST BANKS 2011 By Gordon Platt, Antonio Guerrero, Anita Hawser and Denise Bedell Growth Returns But Questions Linger For Banks Banking systems in Asia and Latin America were among the first to recover from the global ...

Analysis: Latin America Goes To Market

ANALYSIS: LATIN AMERICAN DEBT By Denise Bedell Latin America’s corporations are accessing both domestic and international debt capital markets as never before, and investors are happy to fund growth in the region. Last year was a significant one throughout Latin ...

US: Cash-Poor States Eye Corporate Tax Hikes

MILESTONES: UNITED STATES By Denise Bedell As budget season for US State and municipal authorities pushes into high gear, and as hedge funds and money managers begin touting the potential value of distressed municipal bonds,US-based corporations may find themselves bailing ...

Exchange Deals Dominate M&A Landscape

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Denise Bedell The early months of 2011 have seen a flurry of new M&A; transactions announced across a range of sectors and industries, but it is the announced transactions for stock exchanges that ...

Social Change

TECHNOLOGY: BUSINESS INTELLIGENCE By Denise Bedell Mobile and social networking technologies are helping bring heavy-duty analytical capabilities to every level of a business. Anyone who thought social networking was useful only for catching up with old school friends is in ...

Focus: Mobile Banking

MOBILE BANKING: CUTTING THE TIES THAT BIND By Denise Bedell Mobile technology could forever change the way that companies manage their physical and financial supply chains. After years in development, mobile technology may be finally closing the gap between companies' ...

Debt: High-Yield Credit Quality Rises

CORPORATE FINANCING NEWS: CORPORATE DEBT By Denise Bedell After a record year, and four months hovering at around $30 billon in monthly issuance volumes, US high-yield debt issuance declined in December to $21 billion, according to data from KDP Investment ...

M&A: M&A Funding - Not All Cash

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Denise Bedell While much has been said about the hoards of cash that companies are holding on their balance sheets, companies are likely to use a blend of financing options, according to some ...

DRs: IPOs Smash Quarterly Record

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS By Denise Bedell It was a benchmark year for the global IPO markets, in more ways than one. In the last quarter of 2010, IPOs broke records in terms of issuance volumes, with $122.2 billion ...

FX: Dollar Still Main Reserve Currency

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Denise Bedell Contrary to some analysts' expectations, developing countries continue to view the US dollar as the reserve currency of choice, as evidenced by newly allocated official reserves of developing countries—even in the face ...

China: China Passes US In CleanTech Spend

MILESTONES: CHINA By Denise Bedell High energy: Government targets boost windpower With strong government backing and clear goals for increased capacity development, China is fast surpassing its counterparts in the West, including the US and Germany, in building and supporting ...

2010

Rise Of Integrated Expense Management

TOOLBOX: CORPORATE CREDIT CARDS By Denise Bedell Businesses discover the benefits of linking corporate card programs with other parts of the physical and financial supply chain. As automated expense management solutions become ever more integrated with other systems—both from card ...

Canada: Potash Snub Stirs Protectionist Fears

MILESTONES: CANADA By Denise Bedell Harper: Potash decision prompts concerns When Canada's government blocked Australian mining firm BHP Billiton's $39 billion bid for fertilizer giant Potash of Saskatchewan, it did more than put a dent in the Canadian company's share ...

OTC Foreign Exchange Market Turnover By Instrument, 1998-2010

>Global Foreign Exchange Market Turnover By Instrument (US$ billion) You will need javascript to view this feature. According to the Bank for International Settlements (BIS), the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity is intended “ ...

Latin America Focus: Brazil Elections

A TOUGH ACT TO FOLLOW By Denise Bedell Investors are preparing for post-Lula life after Brazil's drawn-out presidential election. When Luiz Inácio Lula da Silva took over as president of Brazil in January 2003, investors and the financial community feared ...

France: Sarkozy’s Commodities Plans Get Boost From Merkel

NEWSMAKERS: FRANCE By Denise Bedell Smooth move: Sarkozy hopes to rein in price volatility Commodity speculation is once again in the spotlight as Angela Merkel, German chancellor, has announced her support for plans by incoming G20 president Nicolas Sarkozy to ...

OTC Foreign Exchange Market Turnover By Currency, 1998-2010

Currency Distribution Of Global Foreign Exchange Market Turnover You will need javascript to view this feature. Currency distribution of foreign exchange market turnover reflects the share of overall trading volumes of a particular currency. The US dollar continues to decline ...

OTC Foreign Exchange Market Turnover By Country, 1998-2010

Geographical Distribution Of Global Foreign Exchange Market Turnover (US$ billion) You will need javascript to view this feature. 2010 Market Turnover By Country (%) You will need javascript to view this feature. Data is from the Bank for International Settlements ...

OTC Foreign Exchange Market Turnover By Currency Pair, 1998-2010

Global Foreign Exchange Market Turnover By Currency Pair (US$ billion) You will need javascript to view this feature. Data is from the Bank for International Settlements Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, September, 2010. Click ...