Magazine Cover

Cover Story

Cover Story : 20 Years Of Turmoil And Progress

ANNIVERSARY TIMELINE



OCTOBER 19, 1987:
STOCK MARKET CRASH
The Dow Jones Industrial Average (DJIA) falls 508 points, or 22.6%, in the steepest decline since 1929. Portfolio insurance and computerized trading takes some of the blame for what ranks as ...

Cover Story : A Calming Influence

CENTRAL BANKERS PERSPECTIVES



Central bankers deserve much of the credit for the financial world’s ability to ride out tumultuous market conditions. Global Finance asked the central bankers who were awarded “A” grades in our recent central banker report cards ...

Cover Story : Brave New World

A NEW DAWN



“O wonder!
How many goodly creatures are there here!
How beauteous mankind is!
O brave new world
That has such people in’t!”
—William Shakespeare’s The Tempest, Act V, Scene I.

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From the October 19, 1987 ...

Features

Features : Changing The Game

SOVEREIGN WEALTH FUNDS

With sovereign wealth funds rapidly becoming one of the most powerful forces in global finance, one key question has emerged: Should they be feared or revered?



features_changing1 With the subprime-induced credit crunch causing stocks of financial giants such ...

Features : Internet Leaders Think Strategically

WORLD'S BEST INTERNET BANKS



In the second of a two-part series, Global Finance identifies the best corporate/institutional and consumer Internet banks globally and in six regions.

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The best banks on the Internet have long treated it as more ...

Features : Star Of The South

COUNTRY REPORT / BRAZIL

Brazil’s commitment to developing biofuels is paying off handsomely. Investment is flooding in to other areas of the economy, too.


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José Sergio Gabrielli, CEO of Petrobras

For the administration of Brazilian president Luiz Inácio Lula da ...

Features : The Wild East

RUSSIA

Russia’s greatest strength could also turn out to be its biggest weakness.


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Skyscrapers go up as some of Russia’s surplus is invested in infrastructure projects

Oil has been kind to Russia. In the past few years, as ...

The World's Best Internet Banks - Part 2

Features : Internet Leaders Think Strategically

WORLD'S BEST INTERNET BANKS



In the second of a two-part series, Global Finance identifies the best corporate/institutional and consumer Internet banks globally and in six regions.

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The best banks on the Internet have long treated it as more ...

Newsmakers

Newsmakers : Miliband Urges EU To Open Door To More New Members

UNITED KINGDOM

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Miliband: The European Union should ontinue to expand to the east

The United Kingdom’s foreign secretary, David Miliband, says that the European Union should gradually expand further into Eastern Europe, including Russia, as well as into North ...

Milestones

Milestones : Businesses Confirm That Green Begets Green

UK / GLOBAL

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Growing awareness: Firms see risk management benefits in going green

Multinational corporations are waking up to the fact that being “green” is not just for environmentalists. That was the message that came out of a Green Banking event ...

Milestones : Integration Helps Firms Avert Risk

GLOBAL

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Firms are unprepared for risks such as terrorist attacks

Major companies are still struggling to come to grips with risk management, despite recent high-profile events such as the September 11 attacks, the London bombings, the threat of a global ...

Milestones : The Prodigal Oil Producer

ECUADOR


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Correa: Clamping down on the oil industry

After a 15-year absence, Ecuador has rejoined OPEC in a move president Rafael Correa says will allow his country to gain greater access to technical advice and market information. Critics, however, claim ...

Corporate Finance

Corporate Finance : Petrochina Ipo Spurs Shanghai Stock Surge

GLOBAL EQUITY/DRS



PetroChina, China’s largest oil and gas producer, added fuel to the fire of Shanghai’s overheated stock market last month with its initial public offering on the mainland. The company’s A-shares surged 163% in their ...

Corporate Finance : Record Year For M&a Crawling To Finish

MERGERS & ACQUISITIONS


The year 2007 already has set an all-time record for the value of worldwide mergers and acquisitions, thanks to the growing influence of private equity funds and attractive financing opportunities earlier this year. However, deteriorating credit conditions and ...

Corporate Finance : Slowing Us Economy, Rate Cuts Slash Dollar

FOREIGN EXCHANGE



Interest rate differentials are squeezing the last bit of life out of the dollar amid ongoing concerns about the health of the US financial system, analysts say.


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The dollar fell to a record low against the euro in ...

Emerging Markets Roundup

Cover Story : Brave New World

A NEW DAWN



“O wonder!
How many goodly creatures are there here!
How beauteous mankind is!
O brave new world
That has such people in’t!”
—William Shakespeare’s The Tempest, Act V, Scene I.

cover_story1
From the October 19, 1987 ...

Features : Changing The Game

SOVEREIGN WEALTH FUNDS

With sovereign wealth funds rapidly becoming one of the most powerful forces in global finance, one key question has emerged: Should they be feared or revered?



features_changing1 With the subprime-induced credit crunch causing stocks of financial giants such ...

Features : The Wild East

RUSSIA

Russia’s greatest strength could also turn out to be its biggest weakness.


Features_Img6

Skyscrapers go up as some of Russia’s surplus is invested in infrastructure projects

Oil has been kind to Russia. In the past few years, as ...

Emerging Markets : Bovespa Enjoys Ipo Bonanza

BRAZIL

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São Paulo stock exchange

Bovespa Holding, which owns the São Paulo stock exchange, raised nearly $3.7 billion in an IPO that ranks as Latin America’s largest offering this year. Bovespa sold 250 million shares on October 26 ...

Emerging Markets : Chinese Developer Delays Bond Sale

COMPANY TO WATCH: COUNTRY GARDEN HOLDINGS/CHINA


Shares of Country Garden Holdings, a leading China-based real estate group, rose 37% in their debut in April on the Hong Kong Stock Exchange. More recently, the company postponed a planned $1 billion-plus ...

Emerging Markets : Chinese Firm Becomes First $1 Trillion Company

CHINA

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PetroChina’s stock soared in initial trading on the Shanghai stock exchange

China’s state-owned energy giant PetroChina Co. in early November surpassed ExxonMobil to become the world’s most valuable company. Shares of PetroChina rose from 16.7 ...

Emerging Markets : Debt Markets Holding Up Well

NEWS



The big question for dollar-denominated debt markets in emerging market countries is whether they have decoupled from their historical dependence on the US economy and financial markets, according to analysts at Bear Stearns.

While the US consumer is still ...

Emerging Markets : Putin Continues Political Maneuvering

RUSSIA

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Strife on the borders: Georgia’s president called for early elections and accused Russia of stirring up unrest.

Afew weeks after Russian president Vladimir Putin announced that he would lead the ticket for the country’s dominant political party ...