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Cover Story

Cover Story : The Looming Pensions Crisis

Countries worldwide are struggling to provide for the pension needs of their increasingly aging populations. Encouraging private provision is only part of the solution.

Paying for retirement is an expensive business. As more people look to retire early, there are ...

Features

Features : A Steady Recovery Begins To Take Shape

It may not be the “spectacle of growth” that President
Lula promised, but Brazil’s economic recovery is becoming more robust and sustainable.


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Although recent economic data point to a gradual economic recovery in Brazil that began last year, some ...

Features : Banks Adapt to a Changing Market

Sector Report: Oil and Gas



Uncertainty in the oil and gas industry over future prices is forcing global banks to look harder for potential funding opportunities.

With global energy prices hitting new peaks, and all the indicators from the futures ...

Features : Breaking With The Bank

In-house banks are becoming increasingly popular among larger multinational corporations.
They may not work for all big companies, though.


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Petroleum giants BP and Shell each have one. So do Dutch electronics company Philips and the US communications network provider Lucent ...

Features : Companies Find Ways To Make Money Go Further

Best Hotels and Airlines



Recent increases in business travel clearly reflect the global
economic upturn. But while travel is up, spending is not.

GLOBAL WINNERS
Best_Hotel_july_04 BEST GLOBAL HOTEL CHAIN
Four Seasons

Best_Hotel_july_04_2 BEST GLOBAL AIRLINE
Singapore Airlines

The business travel industry ...

Features : Exploiting Sarbanes-Oxley To Improve Global Business

Commentary: Governance Reform

Sarbanes-Oxley has caused concern among foreign firms that want to conduct business in the US. Now, US companies are increasingly facing similar legislation abroad.

By now enough ink has been spilled over the Sarbanes-Oxley Act that the ...

Features : Investment Banks Cash In On Hedge Fund Boom

Focus: Hedge Fund Services

The hedge funds industry is growing rapidly, attracting both new investors and companies looking to service this dynamic market.

Focus_july_04 As investments into hedge funds reach record levels of around $1 trillion worldwide, interest is growing in ...

Features : Local Knowledge, Global Sense

The path to running a successful business in China is riddled with ? pitfalls.?
But? with careful?forethought most problems can be avoided.


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Big multinationals have been in China for years. Microsoft, Procter & Gamble, Nokia and other blue-chip companies staked out ...

Features : Planning and Forecasting In A Topsy-Turvy World

Financial Software

As the financial planner’s job becomes more complex, the tools available to help are becoming ever more sophisticated

Financial_Software_july_04 To say that the corporate business cycle is volatile and competitive these days is an understatement. Many companies, large ...

Features : Southern African Nations Strive to Defeat Poverty

Special Feature: Southern Africa

The challenges may be huge, but a handful of southern African nations are getting a boost in their efforts to fight poverty and improve their economic fortunes.

Special_rpt_Africa_july04 Early in June, on a steamy afternoon on Sea ...

Features : The World's Best Sub-custodians

World’s Best Sub-Custodians



Global Finance selects the winners in a specialized area of finance that enables global investing to exist.

Sub-custody involves a wide range of securities services, including clearance and settlement, safekeeping, cash management, record keeping, securities lending ...

The World's Best Sub-Custodians

Features : The World's Best Sub-custodians

World’s Best Sub-Custodians



Global Finance selects the winners in a specialized area of finance that enables global investing to exist.

Sub-custody involves a wide range of securities services, including clearance and settlement, safekeeping, cash management, record keeping, securities lending ...

Newsmakers

Newsmakers : Businesses Focus On Customer Service Risk

EUROPE

Newsmakers_Sep_04_3 The Enron accounting scandal may have sparked a wave of knee-jerk regulatory measures (Sarbanes- Oxley,FAS 133),but Europe’s top 1,000 companies are more concerned with the risks associated with poor customer service, a new study indicates ...

Newsmakers : China Sets Course For A Gentle Touchdown

CHINA

Newsmakers_Sep_04 It looks like China might be able to pull off a feat that even the United States was unable to achieve after the stock market boom of the late 1990s. According to Stanley O’Neal, chairman and chief executive ...

Newsmakers : Pro-reform Minister Performs Delicate Balancing Act

INDIA

Newsmakers_Sep_04_2 He is extremely capable, politically savvy and known for his ability to package complex financial information into the 60-second sound bites demanded by today’s global and local media. And Palaniappan Chidambaram—India’s new finance minister—even has ...

Milestones

Milestones : Kirchner Plays A High-stakes Game With Bondholders

ARGENTINA

Milestones_Sep_04 When Argentine President Nestor Kirchner made a proposal, during last year’s IMF meetings in Dubai, to restructure $88 billion worth of defaulted sovereign debt, he was emphatic that the government would hold firm on an offer that asked ...

Milestones : What Keeps Cfos Awake At Night?

UNITED STATES

Milestones_Sep_04_2 Chief financial officers from US companies in a broad range of industries say the biggest risk to the US economy is domestic terrorism, not rising interest rates. According to North Carolina-based Duke University’s latest CFO Outlook Survey ...

Corporate Finance

Corporate Finance : Many Issuers Withdraw From High-Yield Market

CORPORATE BONDS

Numerous companies with below investment-grade ratings have canceled or delayed proposed debt sales in recent weeks, as borrowing costs have increased.

Other issuers, in the US as well as in Europe, have been forced to offer more-attractive terms ...

Emerging Markets Roundup

Corporate Finance : Many Issuers Withdraw From High-Yield Market

CORPORATE BONDS

Numerous companies with below investment-grade ratings have canceled or delayed proposed debt sales in recent weeks, as borrowing costs have increased.

Other issuers, in the US as well as in Europe, have been forced to offer more-attractive terms ...

Emerging Markets : Party Games

CHINA


Emerging_mkt_roundups_9-04_4 General Motors announced it will invest more than $3 billion in China over the next three years, trying to displace Volkswagen as the leader in the red-hot auto market. In response,VW will double production capacity to 1.6 ...