Magazine Cover

Cover Story

Cover Story : Corporate Social Responsibility

A QUESTION OF PRINCIPLES As corporate responsibility becomes a staple corporate tool, it is easier than ever for corporations to live by principles they can be proud of. The cost of failing to act responsibly is rising, too. Pity the ...

Features

Features : Open Season

STARS OF THE NEW RUSSIA Russia’s attempts to broaden its economic base away from a resource-driven model are proving as profitable as they are successful. Russia is becoming more authoritative, there is considerable uncertainty over who will be the next ...

Features : Banking On The Future

ROUNDTABLE / TURKEY At a recent roundtable in Istanbul, Global Finance brought together a group of leading figures in the Turkish banking industry to discuss the key issues facing this rapidly developing and growing economy. GLOBAL FINANCE: Does geopolitical shock ...

Features : Best developed market banks

Global Finance unveils its annual list of the best banks in developed markets around the world The past year has been one of staggering growth for the world’s top developed market banks. And while profits and revenues are breaking records, ...

Features : Best Developed Market Banks

ANNUAL SURVEY Global Finance unveils its annual list of the best banks in developed markets around the world. There are barely enough superlatives in the dictionary to describe the financial performance of the world’s best developed market banks. These global ...

Features : Breaking Out

FOCUS / INDIA INC. India’s biggest corporations are spreading their wings and becoming truly global organizations. Mittal Grandeur promises to be Mumbai's newest landmark. It is being built on the grounds of Taraporevala Mansion, a heritage structure. When he was ...

Features : The Bank of New York

GLOBAL CUSTODY BUYER’S GUIDE Global Finance presents its annual sponsored guide to the leading providers in the global custody market. Custody assets: 2006: $13 trillion 2005: $10.9 trillion Ratings: (long-term deposits) Moody’s Aa2, S&P; AA-, Fitch AA Client profile: By ...

Features : The New Arab Economies

THE MIDDLE EAST Economic reforms are spurring a flood of private sector investment that is helping to put the region’s liquidity to productive use. The Manhattan skyline that erupted from the desert flatlands of Dubai is a symbol of a ...

Features : Walking A Tightrope

COUNTRY REPORT / THE PHILIPPINES Shrugging off political uncertainty and a rising currency, the Philippine economy is enjoying steady growth. Plenty of pitfalls remain, however. Arroyo: Under pressure Philippine politics is rarely dull, and 2007 is likely to be no ...

Emerging Markets Roundup

Features : Open Season

STARS OF THE NEW RUSSIA Russia’s attempts to broaden its economic base away from a resource-driven model are proving as profitable as they are successful. Russia is becoming more authoritative, there is considerable uncertainty over who will be the next ...

Features : Banking On The Future

ROUNDTABLE / TURKEY At a recent roundtable in Istanbul, Global Finance brought together a group of leading figures in the Turkish banking industry to discuss the key issues facing this rapidly developing and growing economy. GLOBAL FINANCE: Does geopolitical shock ...

Features : The Bank of New York

GLOBAL CUSTODY BUYER’S GUIDE Global Finance presents its annual sponsored guide to the leading providers in the global custody market. Custody assets: 2006: $13 trillion 2005: $10.9 trillion Ratings: (long-term deposits) Moody’s Aa2, S&P; AA-, Fitch AA Client profile: By ...

Features : The New Arab Economies

THE MIDDLE EAST Economic reforms are spurring a flood of private sector investment that is helping to put the region’s liquidity to productive use. The Manhattan skyline that erupted from the desert flatlands of Dubai is a symbol of a ...

Corporate Finance : Digicel Bonds Set Caribbean Record

CORPORATE FINANCING NEWS / CORPORATE DEBT Jamaica-based Digicel placed $1.4 billion of high-yield bonds with institutional investors in an innovative financing to take the fastest-growing mobile phone operator in the Caribbean private. Irish billionaire Denis O’Brien, founder and chairman of ...

Emerging Markets : Saudi Stocks Bounce Back

NEWS The volatile Saudi Arabian stock market, which lost 50% of its value in a steep correction in 2006, has staged a strong recovery, helped by rising oil prices and investor demand for financial issues. MSCI Barra, which launched equity ...

Emerging Markets : Brazil’s Ethanol Wave Fueled By Higher Oil Prices

BRAZIL New fields: Increasing demand for biofuels is fueling investment in Brazil's ethanol sector. Higher oil prices continue to boost demand for biofuels, making Brazil’s ethanol sector a prime investment target. While annual global ethanol exports total some 6.5 billion ...

Emerging Markets : India Confronts Growing Inflation

INDIA India's petrochemicals industry is set to get bigger with the announced merger between Reliance Industries and Indian Petrochemicals Corp. As the Indian economy marches strongly toward an annual 10% GDP growth rate, its inadequate infrastructure is beginning to create ...

Emerging Markets : Investors Guzzle Juice Maker’s Ipo

COMPANY TO WATCH: CHINA HUIYUAN JUICE/CHINA China Huiyuan Juice, based in Beijing, raised more than $300 million in an initial public offering in Hong Kong in late February, and its shares soared 66% in their first day of trading. Individual ...

Emerging Markets : Investors Welcome Unified Tax Rates

CHINA People power: This year's congress loosened rules on owning property China’s National People’s Congress, which held its annual meeting in Beijing from March 5 through March 16, produced several groundbreaking new policies, among them a law that protects private ...

Best Developed Market Banks

Features : Best developed market banks

Global Finance unveils its annual list of the best banks in developed markets around the world The past year has been one of staggering growth for the world’s top developed market banks. And while profits and revenues are breaking records, ...

Features : Best Developed Market Banks

ANNUAL SURVEY Global Finance unveils its annual list of the best banks in developed markets around the world. There are barely enough superlatives in the dictionary to describe the financial performance of the world’s best developed market banks. These global ...

Corporate Finance

Cover Story : Corporate Social Responsibility

A QUESTION OF PRINCIPLES As corporate responsibility becomes a staple corporate tool, it is easier than ever for corporations to live by principles they can be proud of. The cost of failing to act responsibly is rising, too. Pity the ...

Corporate Finance : Carry Trades Unwind With A Vengeance

FOREIGN EXCHANGE The apparent cause of the turmoil in global equity markets and emerging market currencies that began in late February was China’s crackdown on unauthorized stock trading, which triggered an 8.8% decline in the Shanghai stock market in a ...

Corporate Finance : Digicel Bonds Set Caribbean Record

CORPORATE FINANCING NEWS / CORPORATE DEBT Jamaica-based Digicel placed $1.4 billion of high-yield bonds with institutional investors in an innovative financing to take the fastest-growing mobile phone operator in the Caribbean private. Irish billionaire Denis O’Brien, founder and chairman of ...

Corporate Finance : Is Private Equity Going Green?

MERGERS & ACQUISITIONS An investor group led by private equity firms Kohlberg Kravis Roberts (KKR) and Texas Pacific Group definitively agreed to acquire Dallas-based power company TXU for $32 billion in the biggest leveraged buyout in history. To help win ...

Newsmakers

Newsmakers : In The Hot Seat

COLOMBIA Zuluaga: Colombia will have to live with a strong currency Oscar Iván Zuluaga, who took over as Colombia’s new finance minister in March, faces important challenges ahead. Among these will be the need to guide the nation’s economy into ...

Newsmakers : New Book Sheds Light On Chinese Banking Industry

CHINA Kuhn: China welcomes scrutiny China has long attracted Western investors with its promise of newfound riches and a recently liberalized economy seeking foreign know-how and investment. Yet anyone who has done business in the country knows that, despite WTO ...

Additional Stories

Special Report : Competition Heats Up In Banking And Finance

THE MIDDLE EAST Dramatic growth in many of the Middle East’s economies is prompting a sharp rise in competition in the region’s financial services industry. The Qatar Financial Center Authority last month moved into its sleek, new 20-story headquarters in ...

Special Report : Reliance Grows On Private Sector

RELIANCE GROWS ON PRIVATE SECTOR THE MIDDLE EAST The nations of the Middle East are increasingly looking to the private sector to help build crucial infrastructure projects. In Jordan, a light railway will link the capital with Zarqa As the ...