Magazine Cover

Cover Story

Cover Story : Changing Times, New Techniques

Project Finance Activity Reaches Fever Pitch
Changing Times, New Techniques


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Christophe Rousseau, BNP Paribas

“Project finance structures worldwide are becoming more and more aggressive,” Thornton says. The Chicago Skyway project, for example, which involves a $1.8 billion long-term lease ...

Cover Story : Middle East Boosts Financing Boom

Project Finance Activity Reaches Fever Pitch
Middle East Boosts Financing Boom


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Christopher Hasty, Citigroup

Project financing consists of financing assets on a long-term basis and, as such, is similar to long-term lending. Repayment of the debt is accomplished by the ...

Cover Story : Project Finance Activity Reaches Fever Pitch

The project finance industry had a banner year in 2004.
This year looks set to be even better.


csif01 As activity in the project finance industry picks up, a handful of global banks are jostling to lead the market, while a ...

Cover Story : US Power Market Lags Behind

Project Finance Activity Reaches Fever Pitch
US Power Market Lags Behind


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Jeff Thornton, Royal Bank of Scotland

Meanwhile, there are more than 40 LNG projects in the pipeline in the US, including a handful that already have been approved by ...

Emerging Markets Roundup

Features : Global Custody Buyer’s Guide 2005

Long considered one of the less dynamic areas of global finance, the global custody industry is increasingly moving to the forefront of product and process innovation.


feart03a Burgeoning investor interest in emerging markets and in alternative investment classes, for example, is ...

Features : Turkey’s Transition

At a recent meeting in Istanbul, Global Finance brought together some of the key figures in Turkey’s banking and finance industry to discuss the country’s prospects. Global Finance: Will recent improvements in Turkey’s economic fortunes prove sustainable in the long ...

Emerging Markets : Best Developed Market Banks

Global Finance unveils its annual list of the best banks in developed markets around the world.


feart01a Revenues are rising, profits are up, prospects for growth are improving, and new opportunities are blossoming around the world. For the world乫s top developed ...

Emerging Markets : Leaders Pour Oil on Troubled Waters

China



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Donald Tsang

Donald Tsang, currently Hong Kong’s chief secretary for administration, is favored to take over as chief executive of the former British colony following Tung Chee-Hwa’s resignation from the top job on March 10. Tsang will ...

Emerging Markets : Central Bank Finds Itself In The Spotlight

Brazil


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Brazil’s central bank president Henrique Meirelles

The Brazilian government may have put itself in a Catch-22 situation, as it fights inflation through interest rate hikes but chills domestic demand and cools economic growth prospects. While Brazil’s hyperinflation ...

Emerging Markets : Companies To Watch: Oyak Group/Turkey

Pension Performer


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Coskun Ulusoy

The Oyak (Ordu Yardimlasma Kurumu) Group, Turkey’s first and largest private pension fund, has built itself up to become the country’s third-largest industry conglomerate behind the family-owned Koc and Sabanci groups. Described by some ...

Emerging Markets : Emerging Europe Market Activity Grows

DR News


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Cole-Fontayn

Debt instruments such as convertible bonds and securitization are growing forms of investment in emerging markets, says Michael Cole-Fontayn, managing director, global issuer services, The Bank of New York. But, Cole-Fontayn says, depositary receipts are still the ...

Emerging Markets : Forex Reserves Surge With Flood Of Investment

India


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Narendra Patni, CEO, Patni Computers

The McGraw-Hill Companies (MHC) made a long-awaited move and announced an intention to acquire a 55.67% stake in CRISIL, India’s leading credit rating agency, through S&P; LLC, its wholly owned subsidiary ...

Emerging Markets : Sovereign Bonds Find Favor

News


In EU accession countries such as Turkey, eurobond sovereign order books are being met with strong investor interest. “The pull towards EU membership is going to make Turkey increasingly attractive,” says Martin Hibbert, managing director, Deutsche Bank. Turkey’s ...

Milestones

Features

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.
feart04a 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.
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Thomas Bergqvist, Trema Group

It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act ...

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.
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Thomas Bergqvist, Trema Group

It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act ...

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.
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With enormous untapped fossil fuel reserves and several major oil and gas projects set to begin ...

Features : Global Custody Buyer’s Guide 2005

Long considered one of the less dynamic areas of global finance, the global custody industry is increasingly moving to the forefront of product and process innovation.


feart03a Burgeoning investor interest in emerging markets and in alternative investment classes, for example, is ...

Features : Insurers Seek New Role In A Changing World

Insurers are getting more involved in helping their corporate clients understand the risks they face.


feart06a Just four years ago insurance was a necessity rather than a dynamic component of a company’s business strategy—a determinedly unsexy but essential part ...

Features : Risk Management: Insurers Adapt To A Changing World

Insurers Seek New Role In A Changing World
Insurers are getting more involved in helping their corporate clients understand the risks they face.


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Just four years ago insurance was a necessity rather than a dynamic component of a company’s ...

Features : See Owr Award Winners

Best Developed Market Banks
Global Finance unveils its annual list of the best banks in developed markets around the world.


Best Developed Market Banks
North America
Bermuda Butterfield Bank
Canada
Scotiabank
United States
Citigroup
Europe
Austria Erste Bank
Belgium Fortis ...

Features : Turkey’s Transition

At a recent meeting in Istanbul, Global Finance brought together some of the key figures in Turkey’s banking and finance industry to discuss the country’s prospects. Global Finance: Will recent improvements in Turkey’s economic fortunes prove sustainable in the long ...

Corporate Finance

Corporate Finance : Corporate Debt

Samurai, Kangaroo Bonds Hopping


Ford Motor Credit sold more than $1.5 billion of three-year samurai bonds in Tokyo in February, its biggest-ever sale of yen-denominated bonds in a single issue.

cfart03 The US company paid a coupon of 1.71 ...

Corporate Finance : Foreign Exchange

Asian Central Banks May Tilt US Yield Curve



cfart01x01 The Japanese, Chinese, South Korean and other Asian central banks have made it clear that they have no intention of dumping dollar-denominated securities and undermining the value of their massive reserve holdings ...

Corporate Finance : Global Equity/DRs

Israeli Companies List On London Exchange


When Frutarom Industries, an Israel-based producer of flavors and ingredients for food and beverages, launched its initial public offering in February, it chose to list its global depositary receipts on the London Stock Exchange ...

Corporate Finance : Mergers & Acquisitions

As European Companies Restructure, They Find Americans at the Gate.


cfart01a The European private equity market is growing rapidly, as US buyout firms seize opportunities to help restructure corporate Europe.

The value of mergers and acquisitions in Europe that were financed ...

Newsmakers

Newsmakers : Can Sir Howard Stringer get Sony Back on Course?

Japan


nmart02 Sir Howard Stringer, the Welsh-born head of Sony America, has been named chairman and CEO of the Japanese parent company. The gaijin CEO, rare in Japan and a first for Sony, may implement some drastic turnaround measures that would ...

The World's Best Developed Market Banks

Emerging Markets : Best Developed Market Banks

Global Finance unveils its annual list of the best banks in developed markets around the world.


feart01a Revenues are rising, profits are up, prospects for growth are improving, and new opportunities are blossoming around the world. For the world乫s top developed ...