2005

Emerging Markets : Lula Struggles To Balance Promises With Stability

Brazil Brazilian finance minister Antonio Palocci President Luis Inacio Lula da Silva’s approval rating has dropped by six points since February of this year. Conducted by the Sensus polling firm and released by the National Transport Confederation late last month, ...

Features : Costly Compliance: Companies Appeal For Help

As the full demands of complying with Sarbanes-Oxley become clear, companies are increasingly calling for help to rein in the costs. Thomas Bergqvist, Trema Group It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act—that sweeping ...

Features : Branching Out

Kazakhstan has immense energy reserves, but its government is determined to diversify the country’s economy. Its efforts are bearing fruit—slowly. With enormous untapped fossil fuel reserves and several major oil and gas projects set to begin operation over the next ...

Features : Country Report: Kazakhstan

Branching Out Kazakhstan has immense energy reserves, but its government is determined to diversify the country’s economy. Its efforts are bearing fruit—slowly. With enormous untapped fossil fuel reserves and several major oil and gas projects set to begin operation over ...

Features : Costly Compliance

As the full demands of complying with Sarbanes-Oxley become clear, companies are increasingly calling for help to rein in the costs. Thomas Bergqvist, Trema Group It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act—that sweeping ...

Features : Corporate Governance Focus: Financial Services

Where The Buck Stops The pressure on financial services companies is growing as regulators around the world tighten the rules. Daniel Oakley, director, knowledge management for Ernst & Young’s financial services practice In a world where corporate governance regulations are ...

Features : Anemic Plans Drag On Corporate Profits

Stronger equity valuations fail to float many US pension plans that had found themselves under water. Corporate pension plans will no doubt be handing their chief financial officers some sleepless nights this year as the financially troubled plans start to ...

2004

Features : Midwest Report

The Great Lakes region of America’s Midwest is remodeling itself as a hightech powerhouse in an effort to draw much-needed investment. In the first of a quarterly series that will look at regional economies across the United States, Global Finance ...

Newsmakers : Ngos Boycott Ifc Policy Review

UNITED KINGDOM The IFC refutes claims that its review of environmental and social safeguard policies constitutes a watering down of current standards and that the consultation process is “deeply flawed.” In an effort to make its current safeguard policies, which ...

Newsmakers : Firm Fails to Keep it in the Family

United States One wonders what Frenchman Michel David-Weill is thinking these days as Lazard, the closely held investment bank that his immigrant family founded in 1848 as a New Orleans dry goods store, may soon be on the auction block. ...

Newsmakers : Shell Pours Oil On Troubled Waters

NIGERIA Omiyi: Hopes to heal rifts It remains to be seen whether Royal Dutch/Shell’s move to appoint a Nigerian as head of its largest African subsidiary will soothe the labor and ethnic groups who regularly threaten oil production in the ...

Newsmakers : Pro-reform Minister Performs Delicate Balancing Act

INDIA He is extremely capable, politically savvy and known for his ability to package complex financial information into the 60-second sound bites demanded by today’s global and local media. And Palaniappan Chidambaram—India’s new finance minister—even has the extra edge that ...

Newsmakers : New Leaders Pull Back From Privatization Program

SRI LANKA Mahinda Rajapakse Sri Lanka’s newly appointed finance minister Sarath Amunugama and Prime Minister Mahinda Rajapakse have already gone on record saying the month-old government of the United People’s Freedom Alliance does not see privatization as the way to ...

Features : Bringing Brazil to Wall Street

In late November a group of executives from the top Brazilian companies visited New York City in order to bring their message direct to Wall Street. They wanted to show investors that Brazil has great potential. Corporate financial executives are ...

Features : To Bail or Not To Bail

Managers of corporate 401(k) plans invested in US mutual funds have been closely watching the emerging scandals. Corporate financial executives responsible for billions of dollars of assets in hundreds of thousands of 401(k) plans have been anxiously watching the latest ...

2003

Features : Trade Brings Brazil Much-needed Hard Currency

Brazil’s burgeoning trade surplus is giving heart to politicians and corporations alike.But the country still has a way to go. The South American nation known for exporting soccer stars and samba music is rack-ing up another multibillion-dollar trade surplus this ...

Features : Lula’s Recipe for Brazil’s Economic Recovery

A Little Bit of Give and Take Brazil’s new leader continues to impress the international financial community with his steadfast commitment to economic reform and his skillful navigation of some difficult political terrain. The politically savvy administration of Brazil’s left-leaning ...

Newsmakers : Spicing Up The Street

UNITED STATES Sex, money and power have always been closely related, and on a recent morning in New York City the three came together in the heart of the financial world. While traders were taking a well-deserved break, the New ...

Features : Companies Weigh the Cost of Pensions Bill

Corporate finance executives in the US are eagerly tracking a piece of federal legislation that could save companies billions of dollars when funding their pension programs.The provision,part of a bill known as the Pension Preservation and Savings Expansion Act of ...

Features : Brazil: Steady As She Goes

Brazil’s new government may still have enough wriggle room to implement reforms while keeping voters happy, but time is not on its side. South America’s largest nation is slowly making its way out of an economic red zone as the ...

Features : Best Bank in Region: National Bank of Kuwait

MIDDLE EAST AND AFRICA Prudent risk management has kept National Bank of Kuwait’s books relatively clear of non-performing loans, but to call NBK conservative would be to ignore the bank’s dynamism in the face of a sluggish operating environment. At ...

Features : Lula: How Long Before the Tears?

Doomsayers predicted financial meltdown when a left-wing candidate won the Brazilian presidency. So far, they are wrong. The tentative honeymoon between the Brazilian government and the international financial community should last at least through the year’s first half as global ...

Features : Rating Agencies On Watch

With a global reach but only three primary players, the powerful credit-rating business may finally be getting an overhaul and some new competitors. By the end of March the US Securities and Exchange Commission will put out a ‘concept release’ ...

Features : The Other US Deficit

It’s not uncommon for corporate financial officers to cut billion-dollar checks these days as they shore up the sagging balances of their company pension funds. Three years of plummeting equity returns and some of the lowest interest rates in four ...

Features : Global Banking Critical Issues

The Way Forward in 2003 Bank CEOs and senior executives from among the winners of Global Finance’s Best and Safest Banks awards offer their views on the challenges and opportunities facing banks in 2003. Chief executive officer of national bank ...