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Cover Story

Cover Story : Living On The Edge

Just months after analysts began suggesting it could topple the dollar as the world’s favorite currency, the euro has been shaken to the core. Its troubles have brought into focus the problems at the heart of the European Union. For ...

Features

Features : Best Companies And Banks In Turkey, 2005

Best Companies and Banks in Turkey, 2005 Agriculture Haci Omer Sabanci Holding Automotive Tofas (Türk Otomobil Fabrikasi AS) Beverage Efes Beverage Group Conglomerate Haci Omer Sabanci Holding Construction Dogus Construction Group Iron & Steel Turkish Petroleum Corp. (TPAO) Telecommunications Turkcell ...

Features : Country Report: Turkey

Turkey Ponders Future After Euro “No” Votes Turkey’s frantic rush to conform to European standards is faltering as the EU reconsiders its own future direction. Turkey is once again poised at a crossroads politically—and perhaps economically—as its decades-long quest to ...

Features : Debt Markets / Caught In The Downdraft

European companies are finding themselves trapped in the fallout from recent downgrades of GM and Ford. Borrowers in the European bond markets have been on a roller-coaster ride in the past four months. Having grown accustomed over the past 18 ...

Features : Made-to-measure Finance Solutions

Buying a custom-built finance solution, or commissioning tailor-made add-ons to existing systems, are increasingly real alternatives to buying out of the box. Getting a custom-built baby is not just the domain of Harley-Davidson aficionados. Nowadays it is also all the ...

Features : Malaysia: Turning The Corner

Long one of Asia’s more stable emerging markets, Malaysia is ready for the next stage in its development. Malaysia has much to be thankful for. Benign colonialism left the country with good education systems and sound infrastructure. A strong and ...

Features : Regional Focus: ASEAN

Asean Countries Find Joy in Unity South East Asia’s regional trade alliance is looking for ways to promote intra-regional cooperation without reducing its members’ competitiveness. Global trading volumes have skyrocketed in the past 50 years since the World Trade Organization ...

Features : The Beginning Of The End Game

Countries that have failed to reform their labor markets will soon find they have no choice but to bite the bullet. One only has to look at the newspaper headlines splashed across the business pages of European newspapers these days ...

Features : The World’s Best Sub-custodians

Global Finance selects the winners in a specialized area of finance that is critical to global investing. Regional Winners Asia HSBC Australasia Westpac Banking Caribbean Bank of Bermuda (HSBC) Central And Eastern Europe RZB Latin America Citigroup Middle East HSBC ...

Features : The World’s Best Sub-Custodians

Global Finance selects the winners in a specialized area of finance that is critical to global investing. Investing in overseas markets is becoming routine, thanks to the efforts of sub-custodians, who work closely with local clearinghouses and depositaries around the ...

Features : Turkey Ponders Future After Euro “no” Votes

Best Turkey Companies and Banks, 2005 Best Commercial Bank in Corporate Services Akbank Best Commercial Bank in Retail Services GarantiBank Best Bank in Credit Card Lending Yapi ve Kredi Bankasi Best Foreign Bank Citibank Best Investment/Securities Bank Oyak Securities

Emerging Markets Roundup

Features : Malaysia: Turning The Corner

Long one of Asia’s more stable emerging markets, Malaysia is ready for the next stage in its development. Malaysia has much to be thankful for. Benign colonialism left the country with good education systems and sound infrastructure. A strong and ...

Emerging Markets : Chinese Firms Embark On Shopping Spree

China Oil giant CNOOC joined the rush to snap up foreign assets Chinese companies continued to demonstrate their economic prowess and enthusiasm for expansion abroad with several headline-grabbing bids in June. US-based oil and gas producer Unocal announced on June ...

Emerging Markets : Company To Watch: Hyundai Motor/south Korea

Shifting to Overdrive South Korea’s Hyundai Motor is stepping up its globalization campaign. In late June it revealed joint-venture plans with China’s Guangzhou Motor Group to produce trucks and buses in China. The two partners will build a plant in ...

Emerging Markets : Fund Focuses On India’s Yuppies

NEWS S.V. Prasad Mumbai-based Birla Mutual Fund is launching the Birla India GenNext Fund, which will invest in equities of companies that are expected to gain from the free-spending habits of India’s young urban professionals, or Yuppies. The company says ...

Emerging Markets : Monetary Tightening Pays Off

Brazil Antonio Palocci The Brazilian central bank’s nearly year-long monetary policy tightening drive is finally bearing fruit. The monetary policy committee (Copom) hiked the benchmark Selic interest rate by 375 basis points since last September in a move to curb ...

Emerging Markets : State Governments Chase Investment

India Battling the monsoons in India India’s state governments have begun to push hard for foreign investments. Among them is the reclusive state of Kerala, which has suffered from the fact that investors have been wary of its elected communist ...

The World's Best Sub-Custodians

Features : The World’s Best Sub-custodians

Global Finance selects the winners in a specialized area of finance that is critical to global investing. Regional Winners Asia HSBC Australasia Westpac Banking Caribbean Bank of Bermuda (HSBC) Central And Eastern Europe RZB Latin America Citigroup Middle East HSBC ...

Features : The World’s Best Sub-Custodians

Global Finance selects the winners in a specialized area of finance that is critical to global investing. Investing in overseas markets is becoming routine, thanks to the efforts of sub-custodians, who work closely with local clearinghouses and depositaries around the ...

Milestones

Milestones : Western Europe Streaks Past Us In M&A Activity

Global Simon Collins To the casual observer it might look as though M&A; activity globally during the first half of 2005 was less than inspiring. Activity did increase when compared with the same period last year, but growth was modest. ...

Corporate Finance

Corporate Finance : Coal Miner, Bank Open China’s Ipo Floodgates

Global Equity/DRs China’s biggest coal producer and the country’s fifth-largest lender made initial public offerings in June that set the stage for a flood of Chinese IPOs this year, mainly by state-owned companies. China Shenhua Energy, which operates 21 mines ...

Corporate Finance : Deal Helps Bank Austria Take Clear Lead In CEE

Mergers & Acquisitions Erich Hampel, CEO of Bank Austria Creditanstalt, writing in the bank’s 2004 annual report, said, “In Central and Eastern Europe, our goal is to become market leader.” Hampel and Bank Austria are on the verge of realizing ...

Newsmakers

Newsmakers : Iglesias' Early Departure Prompts Race For Successor

Latin America Iglesias: Stepping down Enrique V. Iglesias, president of the Inter-American Development Bank (IADB), has decided to cut short his current five-year term in order to hand over control to "new hands." Iglesias, 74, has been at the multilateral ...

Newsmakers : Middle East Looks To Energy Futures

Middle East/United States NYMEX’s Steinhause The Middle East has taken formative steps toward the establishment of the region’s first energy futures exchange with the announcement of a joint venture between Dubai Holding and the New York Mercantile Exchange (NYMEX) estimated ...

Newsmakers : Proposed Sec Head Expected To Take A Gentler Approach

United States Cox: Business-friendly Judging by his past actions, Christopher Cox, the pro-business California Republican nominated by President Bush to head the Securities and Exchange Commission, is likely to steer the agency away from the activist path followed by former ...