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Cover Story

Cover Story: Banking Bonzana

China International and domestic banks are spreading the net ever wider in their efforts to bring financial services to China’s increasingly wealthy population. China has outdone itself. The country’s economy grew by 11.5% in the first three quarters of last ...

Features

Features : Corporate Users Snared In A Tangled Web

FOCUS / NETWORK SECURITY File-sharing programs are creating security risks for the global finance industry’s computer systems. Safe at home: Simple precautions can help ensure corporate data security. Businesses in the global finance industry are waking up to the hard ...

Features : Down But Not Out

MARKET FORCES / EQUITY DERIVATIVES Corporations might be wary of employing complex financial instruments in the wake of the credit crunch, but a closer look at the anatomy of the meltdown suggests equity derivatives still present some interesting opportunities. They ...

Features : Greasing The Wheels Of World Trade

ANNUAL SURVEY/ BEST TRADE FINANCE BANKS Trade finance banks are providing ever-more diverse and innovative services as world trade continues to expand. On January 1, 2008, the multilateral trading system reached its 60th anniversary. Any celebrating was subdued, however, in ...

Features : Miners Going Major

ANALYSIS - MINING The world’s biggest mining companies look set to continue growing sharply as competition for resources continues to intensify. In the closing months of 2007, as investors fled equities and piled into commodities like gold en masse, spot ...

Features : No Alternative

SECTOR REPORT / GLOBAL CUSTODY As their clients seek ever-greater returns on their investments, global custodians are finding themselves having to expand into some unfamiliar territory. Consolidation has been a recurring theme in custody for more than a decade, with ...

Features : Power Play

COUNTRY REPORT / RUSSIA Having hand picked his successor as Russian president, Vladimir Putin has assured the country there will be a smooth transition of power. How much power he will retain remains in question. Oil has filled Russia's public ...

Features: Joining The Chain Gang

CORPORATE TOOLBOX At the Sibos international banking conference in Atlanta in 2004, David Taggart, the treasurer of one of the world's most recognizable brand names, Coca-Cola, made a direct plea to the banks to deliver greater efficiencies to corporates' supply ...

Features: Storm Clouds And Silver Linings

CANADA When Canada’s dollar reached parity with the US dollar, it was cause for national celebration. For the country’s corporations, still reeling from the credit crunch, the muscular currency is a very mixed blessing. In recent years the Canadian economy ...

Emerging Markets Roundup

Features : Miners Going Major

ANALYSIS - MINING The world’s biggest mining companies look set to continue growing sharply as competition for resources continues to intensify. In the closing months of 2007, as investors fled equities and piled into commodities like gold en masse, spot ...

Features : No Alternative

SECTOR REPORT / GLOBAL CUSTODY As their clients seek ever-greater returns on their investments, global custodians are finding themselves having to expand into some unfamiliar territory. Consolidation has been a recurring theme in custody for more than a decade, with ...

Features: Joining The Chain Gang

CORPORATE TOOLBOX At the Sibos international banking conference in Atlanta in 2004, David Taggart, the treasurer of one of the world's most recognizable brand names, Coca-Cola, made a direct plea to the banks to deliver greater efficiencies to corporates' supply ...

Corporate Finance : Credit Market Crisis Entering New Stage

Corporate Debt While money market pressures appear to be slowly receding, worries about a possible US recession that could trigger a surge in corporate defaults are moving to the fore for 2008. “If round one of the current credit crisis ...

Corporate Finance : Us Economic Slowdown, Rate Cuts To Drub Dollar

Foreign Exchange With the US economy nearing a recession, if it hasn’t already entered one, the Federal Reserve will continue cutting interest rates in the months ahead, likely leading to further losses in the already beat-up dollar, analysts say. The ...

Emerging Markets : Frontier Markets Draw Value Hunters

News The lure of potentially high returns at lower prices than the big emerging markets is attracting value-seeking institutional investors to smaller “frontier” markets such as Bangladesh, Pakistan, Angola and Mongolia. “To me, China and Hong Kong are expensive, but ...

Emerging Markets : India’s Little Car Has Big Ambitions

Company To Watch: Tata Motors/india Mumbai-based Tata Motors, which is trying to buy Ford Motor’s premier Jaguar and Land Rover brands, unveiled the world’s cheapest car, the $2,500 Nano, at the Auto Expo in New Delhi in January. Dubbed the ...

Emerging Markets : Mind The Gap

Brazil Mantega: Hiking other taxes will make up for shortfall. With Brazilian legislators scrapping the country’s financial transactions tax (CPMF) in December, the government says it must now plug a 40 billion real ($22 billion) gap in the 2008 budget ...

Emerging Markets : Putin’s Political Future Becomes Clearer

Russia Putin: Maintains a tight grip on Russian politics. After months of uncertainty, the Russian political landscape began to take shape in December. After being anointed by president Vladimir Putin as his successor early in the month, Dmitry Medvedev was ...

Emerging Markets : Securities Markets Become More Open

China Morgan Stanley: Subprime losses have been plugged by China Investment Corp. China will allow foreign brokerage firms to play stronger roles in the country’s securities markets, according to new guidelines that took effect at the beginning of the year. ...

Emerging Markets : Tata Fires First Shot In Auto Price War

India Tata Motors' new Nano: Launch triggered a sell-off in India's auto sector. Tata Motors, one of India’s largest domestic truck and passenger car makers, unveiled a car for India’s domestic market priced at $2,500, making it the cheapest car ...

Milestones

Corporate Finance : Drs Moving From Strength To Strength

Global Equity/drs Records galore toppled in the depositary receipt market in 2007, and DR liquidity, prices and capital raising likely will continue to be strong in 2008, as growth continues in the big emerging market economies of Brazil, Russia, India ...

Milestones : China’s Year Of Rat Fraught With Risk

China Filling up: China’s consumers may face shortages soon. While the Chinese horoscope attributes such auspicious qualities as intelligence, charisma and compassion to those born in the Year of the Rat, which begins on February 7, economists are warning that ...

Milestones : Investors Line Up For A Scalping

Nicaragua Guevara: Deal will put an end to lawsuits. When Nicaragua offered commercial creditors a 95.5% haircut on $1.4 billion in commercial debt as part of a workout, the deal appeared to be more of a scalping. Yet creditors tendered ...

Milestones : Lima Launches Rmbs Market

Peru Lessons learned? Investors will be looking closely at the assets behind Peru’s mortgage-backed securities. While most global markets are seeking to shield themselves from shockwaves emanating from the US subprime home loan and residential mortgage-backed securities (RMBS) meltdown, Peru ...

Corporate Finance

Corporate Finance : Drs Moving From Strength To Strength

Global Equity/drs Records galore toppled in the depositary receipt market in 2007, and DR liquidity, prices and capital raising likely will continue to be strong in 2008, as growth continues in the big emerging market economies of Brazil, Russia, India ...

Corporate Finance : Credit Market Crisis Entering New Stage

Corporate Debt While money market pressures appear to be slowly receding, worries about a possible US recession that could trigger a surge in corporate defaults are moving to the fore for 2008. “If round one of the current credit crisis ...

Corporate Finance : Us Economic Slowdown, Rate Cuts To Drub Dollar

Foreign Exchange With the US economy nearing a recession, if it hasn’t already entered one, the Federal Reserve will continue cutting interest rates in the months ahead, likely leading to further losses in the already beat-up dollar, analysts say. The ...

Newsmakers

Newsmakers : Businesses Face Pressure To Cut Electronics Waste

United Kingdom Davy: Scrapping computers is a huge resource drain Businesses are facing increasing pressure to consider the environmental impact of their IT purchasing habits as awareness grows of the vast amount of natural resources used in the production of ...

Newsmakers : Businesses Prove The Benefit Of Going Green

United States Gardner: More companies are signing up to going green. Global investors, institutions and corporates are increasingly looking to improve their sustainability profile, according to a report by the Worldwatch Institute released in January. The report, State of the ...

Newsmakers : New Bank Governor Faces Tough Sledding

Canada Carney: Taking control at a difficult time. Mark Carney took the reins as governor of the Bank of Canada from David Dodge on February 1, at a time when the central bank has embarked on a rate-cutting cycle to ...

Newsmakers : Palestinians Prepare For Statehood

Palestinian Territories After decades of war, Palestinians are trying to revive a flagging economy. While media attention is focused on the attempts to broker a peace deal between Israel and the Palestinians, work has been quietly going on behind the ...