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Cover Story

Cover Story : Preparing For Rising Rates

WHEN RATES As US corporates brace themselves for the now-inevitable rise in interest rates, they are finding there is an increasing range of tools available to help them manage their risk. With the omission of just one word—‘patient’—Alan Greenspan, chairman ...

Features

Features : Banks Prove Resistant to Regional Turmoil

The banking industry in the Middle East is confounding pessimists and enjoying a broad-based growth surge. Dubai is investing heavily in growing its banking industry When the Middle East’s major banks began announcing their 2003 results, many analysts were predicting ...

Features : Best Investment Banks

Citigroup scored a remarkable triumph for a commercial and retail bank by outperforming the cream of the crop in the first annual Global Finance Investment Banks Awards. In a triumph that evokes images of a ‘blue-collar’ horse like Funny Cide ...

Features : Portugal’s Banks Fuel Economic Recovery

Portugal’s banks are small compared to many in Europe, but they are both driving and benefiting from the country’s improving economic fortunes. Abanking system is usually a good barometer of a country’s financial health, and in the case of Portugal ...

Features : Regulators One Step Behind On Derivatives

The expansion of the investor pool and the rapid growth in the number and variety of credit derivatives available are prompting calls for stricter regulations. As the race to list the first credit contracts on the world’s financial exchanges intensifies, ...

Features : Stars of the New Russia

In late April, Russia’s leading bankers and company executives came together in London’s Mayfair district to receive their “Stars of the New Russia” awards. These awards, first announced in Global Finance’s April issue, recognized the best banks and companies in ...

Features : Turkey’s Turnaround

Turkey’s economic fortunes have transformed in the past year. Its business leaders are now justifiably optimistic about the country’s prospects for the future. Istanbul’s Blue Mosque Little more than a year ago Turkey was facing a bleak future. Its economy ...

Features : When The Only Constant Is Change

At a recent meeting in London Global Finance brought together a group of experts on the treasury and cash management business to discuss current trends in the industry. Joseph Giarraputo moderated. GLOBAL FINANCE: What should company treasurers be concerned about ...

Emerging Markets Roundup

Corporate Finance : Foreign Exchange

THE AMERICAS Dollar Continues to Rally On Prospect of Rate Rise The US dollar was off to the races in May, climbing to its highest level in more than eight months against the Japanese yen and rising against the euro ...

Emerging Markets : Em Roundup

INDIA TWO STEPS FORWARD, ONE STEP BACK For the first time since 1995-1996 the Indian government’s revenues exceeded its budget estimates, leading to unprecedented collections, according to figures released in May. Collections for fiscal 2003-2004 grew 18% over the preceding ...

The World's Best Investment Banks

Features : Best Investment Banks

Citigroup scored a remarkable triumph for a commercial and retail bank by outperforming the cream of the crop in the first annual Global Finance Investment Banks Awards. In a triumph that evokes images of a ‘blue-collar’ horse like Funny Cide ...

Milestones

Corporate Finance

Corporate Finance : Foreign Exchange

THE AMERICAS Dollar Continues to Rally On Prospect of Rate Rise The US dollar was off to the races in May, climbing to its highest level in more than eight months against the Japanese yen and rising against the euro ...

Corporate Finance : Global Depositary Receipts

THE AMERICAS Bank of New York Automates Conversion of ADRs, Shares Bank of New York has introduced a system that enables institutional investors to electronically trade ordinary shares in foreign markets and to automatically convert those shares to American depositary ...

Corporate Finance : Mergers & Acquisitions

THE AMERICAS Largest HMO to Acquire Connecticut Health Insurer Minnesota-based United- Health Group, the largest health-maintenance organization, or HMO, in the US, will acquire Connecticutbased Oxford Health Plans in a stock-and-cash transaction valued at about $5 billion. The definitive agreement ...

Corporate Finance : Corporate Bonds

GLOBAL High-Yield Issuance Setting Fast Pace The improving global economy is spurring an increase in debt issues by lesser-rated companies, as the risk of default declines, analysts say. Worldwide issuance of high-yield corporate bonds is running well ahead of last ...

Newsmakers