Magazine Cover

Cover Story

Cover Story : After Russia’s Unfinished Revolution

Unprecedented political stability and surging hydrocarbon exports have provided a platform for a remarkable recovery from the depths of Russia’s 1998 crisis, but structural problems linger.

cs0101 On February 11, UK oil giant BP announced it was investing $6.75 ...

Emerging Markets Roundup

Cover Story : After Russia’s Unfinished Revolution

Unprecedented political stability and surging hydrocarbon exports have provided a platform for a remarkable recovery from the depths of Russia’s 1998 crisis, but structural problems linger.

cs0101 On February 11, UK oil giant BP announced it was investing $6.75 ...

Features : Custody Buyer's Guide

The long-awaited next phase in consolidation in the global custody industry has finally arrived. Deutsche Bank finally acknowledged it was not going to achieve the critical mass and profitability that it needed from the business and sold out to State ...

Milestones

Milestones : Accounting Board Puts Options Expensing On Front Burner

UNITED STATES

“Mandatory expensing—using flawed valuation models—will lead to inaccurate and misleading information for investors.” —Ken Wasch, SIIA

ms0101 The norwalk, Connecticut- based Financial Accounting Standards Board agreed unanimously at its meeting in March to add to its agenda ...

Milestones : Dubai Drags

DUBAI

ms0301 Which are braver—bankers or rugby players? The planners behind the Dubai International Financial Center (DIFC) must hope the former. As war loomed in March, not only did lily-livered golfers refuse to visit the emirate, but also the captain ...

Milestones : Nasdaq’s Cold Welcome

GERMANY

ms0201 Almost all stock exchanges are currently listless, but few are listingless. On March 21, however, Nasdaq Deutschland was launched and now shares with the ‘new market’ exchanges of Slovakia, Prague and Istanbul the dubious distinction of hosting no listed ...

Milestones : Rich Pickings

UNITED KINGDOM

ms0401 Troubled UK telecoms group Marconi had its long-term credit rating cut to D in March, warned that its sales may decline further and handed over 99.5% of its equity to creditors. But lawyers and advisers had reason ...

Features

Features : Custody Buyer's Guide

The long-awaited next phase in consolidation in the global custody industry has finally arrived. Deutsche Bank finally acknowledged it was not going to achieve the critical mass and profitability that it needed from the business and sold out to State ...

Features : IAS 39 Raises Accounting Row

It’s a little bundle of letters and numbers, but it’s creating an awfully big stink.


b_1 Those who set accounting standards met with their critics in March to discuss proposals to transform the way that companies report their financial ...

Features : Mergers Make Slow Comeback

Caution is the watchword in a sluggish market for corporate takeovers.

fe0201 Throughout last year, observers of international M&A; predicted a bounce-back in deal volumes. It didn’t happen.According to data providers Thomson Financial, global announced deal value fell ...

Features : The Man Who Wired Russia

A Russian programmer spotted a gaping hole in the market.


a_1 First, let’s get the clichés out of the way. Anatoly Karachinsky is no ‘Russian Bill Gates’, nor yet the ‘oligarch of tech’.

The 42-year-old president and CEO of Information ...

Features : World’s Best Treasury and Cash Management Providers

Global Finance selects the world’s best.

fe0101 The real-time global settlement process took a major leap forward in September 2002, when the CLS Bank went live, netting positions in a five-hour window in each 24-hour period. CLS, or continuous linked ...

Corporate Finance

Corporate Finance : Foreign Exchange

THE AMERICAS Canadian Dollar Turns Suddenly Popular


Newsmakers.Jan-03_img_0
Rising interest rates, solid economic growth, a big trade surplus and strong commodity prices pro-pelled the Canadian dollar sharply higher in March.

Why did the long-hapless loonie, as the Canadian cur-rency is known ...

Corporate Finance : High-Yield Issuance Meets Strong Demand

THE AMERICAS

A surge in new issuance of high-yield bonds in the US market is being met by strong demand. Even Warren Buffett, the Oracle of Omaha, is buying.
High-yield bond issuance in February surged to $8.75 billion, according ...

Corporate Finance : Long-Delayed Telkom IPO Finally Makes It to Market

SOUTH AFRICA

Telkom, South Africa’s state-controlled telephone and wireless operator, listed its shares on the Johannesburg and New York stock exchanges on March 4.
The long-delayed partial privatization included an unusual pricing scheme. Members of a group of South ...

Corporate Finance : Mergers & Acquisitions

THE AMERICAS Devon Energy Moves Into Deeper Water

Oklahoma City, Okla-homa-based Devon Energy agreed to merge with Ocean Energy of Houston,Texas, in a $5 billion stock-swap trans-action.As a result, Devon Energy will become the largest US-based indepen-dent oil ...

Newsmakers

Corporate Finance : Foreign Exchange

THE AMERICAS Canadian Dollar Turns Suddenly Popular


Newsmakers.Jan-03_img_0
Rising interest rates, solid economic growth, a big trade surplus and strong commodity prices pro-pelled the Canadian dollar sharply higher in March.

Why did the long-hapless loonie, as the Canadian cur-rency is known ...

Newsmakers : Bad Timing

TURKEY

nm0201 Who’s afraid of war? Certainly not the 200 brave souls who packed into the Hilton Hotel in Istanbul to attend the first ever Caspian Banking & Finance Summit on March 19.
There was one notable absentee on the first ...

Newsmakers : Norwegian Cuckoo

NORWAY

“The sizes of our stakes in global companies have increased, and so we will gain from being more active.” —Knut Kjaer, Norwegian central bank

nm0101 Grow too big, and there’s just no way you can huddle away from an ...

Newsmakers : Oxley Back In The News

UNITED STATES

nm0401 No one can accuse Representative Michael Oxley, the Ohio Republican of Sarbanes- Oxley fame, of shunning the media spotlight.The chairman of the House Financial Services Committee was back in the headlines in March, when he turned his ...

Newsmakers : Singapore Sling

SINGAPORE

nm0301 Whether they’re jumping or being pushed, a steady stream of executives are leaving their posts at Singapore Inc. Most recently, in mid-March, Chris Matten resigned as managing director of Temasek Holdings, an investment company owned by the Singapore ...

Best Treasury and Cash Managers

Features : World’s Best Treasury and Cash Management Providers

Global Finance selects the world’s best.

fe0101 The real-time global settlement process took a major leap forward in September 2002, when the CLS Bank went live, netting positions in a five-hour window in each 24-hour period. CLS, or continuous linked ...