Magazine Cover

Cover Story

Cover Story : Deal Or No Deal

The seemingly interminable wrangling over global trade encapsulated in the so-called Doha Round of talks might be about to come to an end.

dod_01 The dormant world trade talks may finally emerge from a prolonged suspension this spring as trade officials ...

Cover Story : Murabahah Goes Mainstream

A modern form of Islamic trade financing has taken root and is flourishing in the Middle East

mrm_01 With its ancient caravan trails winding through the desert sands of Arabia, the Middle East is a fabled trade entrepôt between Europe and ...

Cover Story : The Chain Gang

As the use of letters of credit declines worldwide, banks are devising other ways to help companies manage their financial supply chains

With global trade ballooning and companies looking for ever more efficient ways to fund and manage that trade ...

Cover Story : World’s Best Trade Finance Banks 2007

Global Finance selects the leaders in a specialized area of finance that is changing rapidly

wbtf_01 Global trade finance has become an extremely competitive business, mainly suitable for financial institutions with economies of scale or special expertise. Most international trade is ...

Features

Features : After the Gold Rush

Local and international banks operating in China will face increasing challenges over the coming year. The opportunities remain undiminished, though

feat_agr01 It’s official: China has confounded the pessimists. Instead of fizzling out in a hot-money-fueled meltdown, China’s economy could ...

Features : Custodians Carve Out a Global Footprint

The global custody and investor services industry is embarking on a new round of consolidation

On December 4, 2006, when The Bank of New York announced it was merging with one of its major US competitors, Mellon Financial Corporation, to ...

Features : Getting Bullish on The Russian Bear

Wielding increasing global power, Russia could be on the verge of becoming a real partner with Europe

feat_rbf01 Rich in natural resources, Russia likely will enjoy a ninth straight year of solid economic growth in 2007. While the 1998 financial crisis ...

Features : Power Plays

After a year in which energy dominated the headlines as never before, the world’s political dynamics are now arguably more about this precious resource than anything else.

feat_pp When the Group of Seven nations met in St Petersburg last July ...

Best Trade Finance Banks

Cover Story : World’s Best Trade Finance Banks 2007

Global Finance selects the leaders in a specialized area of finance that is changing rapidly

wbtf_01 Global trade finance has become an extremely competitive business, mainly suitable for financial institutions with economies of scale or special expertise. Most international trade is ...

Newsmakers

Newsmakers : Britain Seeks To Lead New Revolution

United Kingdom

newsmaker_uk01

TUC head, Barber,
helping to create a
workplace revolution

Just a century and a half after it spearheaded the Industrial Revolution, the United Kingdom claims to be at the forefront of another “revolution”—this time in the workplace ...

Newsmakers : India Struggles To Control Aids Spread

India

newsmaker_india01

Nanda: Controlling
spread of AIDS makes
good business sense

Three US-based global organizations—including the US-India Business Council—want to make sure that India’s HIV/AIDS epidemic doesn’t eventually deter companies from investing in one of the ...

Milestones

Milestones : Ruble Becomes Full Settlement Currency

Russia

milestone_russia01

Tessler:Wants better
standards in Russian
capital markets

The international central security depositary (ICSD) Clearstream is the first to accept the Russian ruble as an eligible settlement currency. Following increasing demand from issuers and investment banks, the ruble became ...

Milestones : Uncertainty Surrounds Impact Of Second Chávez Term

Venezuela

milestone_venezuela01

Chávez:Re-election
mandate for
nationalization

Encouraged by a strong mandate in the December presidential elections and a booming oil sector windfall that boosted GDP by 10.3% in 2006, Venezuela’s president Hugo Chávez began a new six-year term ...

Corporate Finance

Corporate Finance : Corporate Financing Focus

Mergers & Acquisitions

cf_ma01 Merger Boom Likely To Continue In 2007 Despite Increased Scrutiny of Cross-Border Deals
Worldwide mergers and acquisitions announced in 2006 rose 38% to a record $3.8 trillion, according to Thomson Financial, and the fast pace of M ...

Corporate Finance : Credit Cycle In US Could Turn Down In 2007

Corporate Debt


Although the US credit markets performed well in 2006, with tight spreads of corporate bonds to US treasury securities, analysts say persistent underlying inflation and a potential weakening in the dollar threaten to cause spreads to widen this ...

Corporate Finance : Depositary Receipts Set Record For IPOs

Global Equity/Drs


Initial public offerings in the form of depositary receipts rose more than 75% in 2006 from a year earlier to a record $20.9 billion, according to a year-end analysis by Citigroup. The previous record of $17 ...

Corporate Finance : Steadier US Rates Equal Steadier Dollar

Foreign Exchange


Chances for a US interest rate cut fell sharply following a string of stronger-than-expected economic data in early 2007, providing a platform for the dollar to rebound from its year-end pounding. Whether the dollar can sustain its recovery ...

Emerging Markets Roundup

Cover Story : Deal Or No Deal

The seemingly interminable wrangling over global trade encapsulated in the so-called Doha Round of talks might be about to come to an end.

dod_01 The dormant world trade talks may finally emerge from a prolonged suspension this spring as trade officials ...

Features : Getting Bullish on The Russian Bear

Wielding increasing global power, Russia could be on the verge of becoming a real partner with Europe

feat_rbf01 Rich in natural resources, Russia likely will enjoy a ninth straight year of solid economic growth in 2007. While the 1998 financial crisis ...

Emerging Markets : Banker Arrested Over Murder

Russia

emr_russia

Murdered:
Andrei Kozlov

A Russian banker, Alexei Frenkel, whose institution had its license revoked in June 2006, was arrested in mid-January on charges that he was behind the murder of Central Bank of Russia deputy chairman Andrei Kozlov. The ...

Emerging Markets : Bid Fever Takes Hold

India

emr_india

Bidding war over
India’s wireless
communications

Reliance Communications (RCL), India’s second-largest wireless telecom company, and Vodafone, the world’s largest wireless company, are heading for a showdown over a 67% stake in India’s fourth-largest wireless company ...

Emerging Markets : Cement Maker Seeks Australia’s Rinker

Company To Watch: Cemex/Mexico



Cemex has transformed itself from Mexico’s largest cement company into the world’s third-largest cement maker through a series of major acquisitions. If it is able to bag Australia’s Rinker Group, Cemex will ...

Emerging Markets : India’s Biggest Ipo Tumbles In Debut

News


The Indian arm of Scotland-based oil and gas company Cairn Energy was anything but a gusher in its debut on the Bombay Stock Exchange on January 9. Cairn India fell 14% below its initial public offering price on its ...

Emerging Markets : Venezuelan Financial Group Launches New Adr Program

Dr News

JPMorgan Chase announced the launch of a sponsored American depositary receipt program for the Series A common shares of Mercantil Servicios Financieros, the largest financial services group in Venezuela. The Caracas-based holding company owns Banco Mercantil, Venezuela’s ...