2013

M&A: Energy, Resources Deals Heat Up

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Pipeline deals, shale-energy plays and natural resources transactions—often involving Asian buyers—provided an energetic start to mergers and acquisitions in 2013.   The overall January deal totals for the Americas ...

FX: Economic Woes To Constrain Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro was the star of the major currencies in January, as it soared to a 14-month high against the dollar and a 33-month high against the Japanese yen. Its strength reflects ...

Trade Finance: Global Winners

By Gordon Platt GLOBAL WINNERS BEST TRADE FINANCE PROGRAM International Finance Corporation (IFC) IFC, a member of the World Bank Group, offers programs that focus on supporting trade in areas that have the greatest impact on the poor. Georgina Baker, ...

Awards: Trade Finance

EMBRACING THE MODERN ERA   By Gordon Platt   Global Finance presents the winners of its annual trade finance providers awards, incorporating the results of our first-ever trade finance readers’ survey.   The ancient business of financing trade is now ...

Trade Finance: Regional Winners

By Gordon Platt REGIONAL WINNERS AMERICAS Citi With its extensive presence in the US, Canada and Latin America, Citi is the largest service provider for private-labeled letters of credit and open account transactions. The bank’s global footprint enables it to ...

Debt: Companies Rush To Issue Bonds

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Those investors reaching for higher yields in a low-interest-rate environment propelled bond markets around the world to new highs in 2012, but analysts don’t expect the party to continue forever. ...

Best FX Providers: Regional Winners

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: REGIONAL WINNER NORTH AMERICA Citi Citi’s foreign exchange operations, CitiFX, had a very good year in 2012, which marked the bank’s 200th anniversary. Its FX volume continued to expand rapidly, and it gained ...

Best FX Providers: Research & Analysis

By Gordon Platt Best Foreign Exchange Research & Analysis RESEARCH BNY Mellon BNY Mellon, one of the largest foreign exchange dealers in the US, trades more than $42 billion in the FX market on an average day. The bank’s 10 ...

Annual Awards: Best FX Providers 2013

THE BIG GET BIGGER   By Gordon Platt   The biggest FX banks are increasing their share of a shrinking market, amid low volatility and despite a speed bump for high-frequency traders.   As global interest rates converge at a ...

Best FX Providers: Global Winners

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: GLOBAL WINNER Deutsche Bank Deutsche Bank increased its market-leading FX volume in 2012, at the same time that it reduced value-at-risk and headcount. Crucial to this development has been its investment in technology, ...

2012

FX: Positive US Economy Boosts Dollar

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   A batch of better-than-expected US economic data, including nonfarm payrolls and housing prices, gave the dollar a lift last month.   Analysts said the signs of strength diminished the need ...

Debt: AbbVie Launches Big Bond Deal

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt   Pent-up demand following a shutdown for Hurricane Sandy combined with near-record-low interest rates to release a torrent of new corporate bond issues in early November. AbbVie, the pharmaceutical unit of Abbott ...

Emerging Markets Roundup: Middle East

BEARING GIFTS, QATAR’S EMIR VISITS GAZA   By Gordon Platt   Qatar’s emir pledged $400 million to rebuild and modernize the Gaza Strip, in the first visit by a head of state to the Palestinian enclave since a military offensive by ...

Reader’s Comments

A WORD FROM THE EDITOR We received the following letter from the Bank of Korea press office. We are not surprised that some of our features generate controversy. We affirm our right to express an editorial stance based on our ...

Polls and Stats: Emerging Markets Lead Higher Education Grads

Tertiary Degree Graduates Aged 25-34 (in millions) Tertiary Degrees By Percentage of OECD And G20 Total   *   OECD estimate based on the same average annual growth rate as that observed between 2000 and 2009 + Germany and ...

FX Supplement: FX Market Overview

FX EXCELS WHILE OTHER ASSETS FALTER   By Gordon Platt   The FX markets are evolving: Trade and currency internationalization, and the shift toward exchanges, will further this process.   Foreign exchange has proven itself as a separate asset class ...

FX Supplement: Introduction: Uncertainty Reigns

UNCERTAINTY REIGNS   The foreign exchange market is going through a period of significant change on multiple fronts. New regulations introduced in the wake of the financial crisis will redefine users of foreign exchange services and divide the market into ...

World’s Best Banks 2012: Regional Winners

By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Regional Winners BEST BANK IN NORTH AMERICA JPMorgan Chase   JPMorgan Chase is the top US bank by assets. “For America’s largest companies, we raised or lent over $720 billion ...

FX: Euro Supported By ECB Plan To Buy Bonds

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro rebounded to a two-month high in early September, as European policymakers approved a plan to lower borrowing costs for debt-laden members of the euro area through open-ended purchases of bonds ...

Emerging Markets Roundup: Middle East

FOREIGN AID PACKAGES BOOST EGYPT'S PROSPECTS   By Gordon Platt   Financial aid packages from the US, China, Saudi Arabia and Qatar, among others, will provide much-needed support for the Egyptian economy at a time when the country's FX reserves ...

World’s Best Banks 2012: Country Winners

By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Country Winners   World’s Best Banks 2012 Back To Main Article World’s Best Banks 2012: Global Winners World’s Best Banks 2012: Regional Winners

Stats: Commodity Prices Hit Emerging Markets Hardest

Commodity Prices And Emerging Markets Rising commodity prices have a much bigger effect on the performance of emerging markets economies than they do in developed markets.   “This chart is important because it shows how sensitive emerging markets are to ...