Magazine Cover

Cover Story

Corporate Social Responsibility

COVER STORY: CORE VALUES   Companies at the cutting edge of corporate responsibility are weaving their citizenship efforts into the strategic heart of the business.   By Dan Keeler   In the decade or so since the phrase "corporate social ...

Features

Emerging and Frontier Markets

FACING UP TO THE CHALLENGE   The fast-growing and dynamic economies of the emerging and frontier markets represent mouth-watering opportunities and daunting challenges for the world’s established multinationals. Only the best prepared will survive.   By Amy E. Buttell   ...

Regional Report: West Africa

REGIONAL REPORT: REGIONAL RESURGENCE   A flurry of bond issues illustrates the growing confidence west Africa’s nations have in their economic and political futures. Nigeria and Côte d’Ivoire are leading the way.   By Nick Kochan   The contrasts in ...

Foreign Exchange Trading

SPOTLIGHT: TRADING UP   Technology is revolutionizing foreign exchange trading and providing ever-increasing opportunities in the world’s biggest financial market.   By Anita Hawser   Electronic trading has revolutionized markets. In the equities markets, algorithmic trading platforms, high-frequency trading and ...

Market Forces

FOCUS: ISLAMIC FINANCE IN ASIA   A centralized approach to Islamic finance is helping Asia develop an industry that may challenge the Middle East as the global hub.   By Anita Hawser   The Middle East is often thought of ...

Award Winners

Awards: Best Investment Banks

ANNUAL SURVEY: BEST INVESTMENT BANKS   Earnings from investment banking helped major financial institutions return to profitability, but the rules are changing.   By Gordon Platt   Major banks reported hefty gains in first-quarter 2010 profits, with a powerful assist ...

Best Investment Banks 2010: Best Legal Advisers

BEST LEGAL ADVISERS   Global Skadden Skadden, or more formally Skadden, Arps, Slate, Meagher & Flom, was the number-one legal adviser on global mergers and acquisitions announced in 2009, according to Thomson Reuters. The firm advised on 173 M&A; deals ...

Best Investment Banks 2010: Country Winners

COUNTRY WINNERS   North America Canada Scotia Capital Scotia Capital, the wholesale banking arm of Scotiabank, had a record year in 2009 for its equity platform. The bank participated in 211 equity deals, valued at $8.5 billion. In September 2009 ...

Best Investment Banks 2010: Deals of the Year

DEALS OF THE YEAR   Equity Deal Lloyds Banking Group's $22.5 billion rights issue Lead underwriters: Bank of America Merrill Lynch, UBS Investment Bank, Citi, Goldman Sachs, HSBC and J.P. Morgan Cazenove In November 2009 UK-based Lloyds Banking Group's record ...

Best Investment Banks 2010: Global Winners

GLOBAL WINNERS   Investment Bank J.P. Morgan J.P. Morgan is the best current example of a success story on Wall Street. With its fortress balance sheet and careful management of risk, the bank grew and remained profitable throughout the financial ...

Best Investment Banks 2010: Regional Winners

REGIONAL WINNERS   North America Investment Bank J.P. Morgan J.P. Morgan reported net revenue from investment banking of $8.3 billion in the first quarter of 2010. The bank not only led in debt and equity underwriting worldwide, as well as ...

Best Investment Banks 2010: Sector Winners

SECTOR WINNERS   Consumer Lazard Lazard was financial adviser on some of the biggest deals of 2009, including Kraft Foods' takeover of Cadbury, the British chocolate maker. This deal stands as a tribute to Bruce Wasserstein, the veteran dealmaker and ...

Emerging Markets Roundup

Emerging Markets Roundup: India

Roundup   By Aaron Chaze   Desperate: India needs to spend $1 trillion on infrastructure The Indian government is planning to establish an $11 billion infrastructure debt fund with the objective of investing in the power sector and in roads ...

Emerging Markets Roundup: Africa

Roundup   By Antonio Guerrero   South Africa’s central bank: Shareholders to get less control Nigeria has secured a $915 million concessionary loan from the World Bank to help the government fund infrastructure development projects. Funds will be drawn between ...

Emerging Markets Roundup: Brazil

Roundup   By Antonio Guerrero   Hot property: Vale sells its aluminum business to Norsk Hydro In what is ranked as one of the largest acquisitions ever by a Norwegian company, Norway's Norsk Hydro aluminum producer signed a $4.9 billion ...

Emerging Markets Roundup: China

Roundup   By Thomas Clouse   Expo frenzy: Shanghai expects 70 million visitors China's consumer prices rose by the greatest margin in 18 months in April, while property prices increased by the fastest rate since the country began publishing the ...

Supplements

E-Invoicing Finds Favor Again

TECHNOLOGY & TREASURY MANAGEMENT — E-INVOICING Companies are taking a second look at electronic invoicing as they begin to evaluate longer-term efficiency and cost reduction programs for the financial supply chain.   By Denise Bedell   With the treasury and ...

Enabling Efficiency

ENABLE EFFICIENCY   Welcome to the first Technology & Treasury Management Supplement Global Finance has published. We recognize that technology has always been a key enabler of treasury management, with treasury management workstations and enterprise resource planning (ERP) systems facilitating ...

Enterprise Resource Planning Systems

TECHNOLOGY & TREASURY MANAGEMENT — TREASURY SOLUTIONS   Treasury modules offered by enterprise resource planning systems providers are threatening full-suite treasury systems.   By Denise Bedell   As companies focus more on cost savings, there is an equilibrium that must ...

Country Report

Country Report: Canada

CANADIAN CORPORATES BENEFIT FROM EARLY RECOVERY   With the US recovery still on shaky ground, Canada has seen growth spike, debt markets open wide for Canadian corporates and strong interest from foreign investors in both traditional debt and infrastructure project ...

Milestones

Private Equity Focuses On Emerging Opportunities

MILESTONES: EMERGING MARKETS   Private Equity Focuses on Emerging Opportunities   By Anita Hawser   Thunell: Extolling the virtues of emerging markets While developed markets flounder in a post-crisis quagmire of sovereign debt, developing markets are enjoying much better times—and private ...

Corporate Finance

Corporate Debt

CORPORATE FINANCING NEWS — CORPORATE DEBT   ISSUANCE EBBS IN VOLATILE MARKET   By Gordon Platt   Reverberations from the debt crisis in Greece rattled through the corporate debt market in early May, causing extremely volatile conditions that disrupted what ...

Global Equities / DR

CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS   IPOS PULLED FOLLOWING MARKET DECLINES   By Gordon Platt   A sharp drop in world equity markets triggered a host of cancellations and postponements of planned initial public offerings in early May. Many of ...

Mergers & Acquisitions

CORPORATE FINANCING NEWS — MERGERS & ACQUISITIONS   CORPORATE FINANCE FOCUS   CHINA AND INDIA'S COMPETITION FOR RESOURCES CAUSING RISE IN CROSS-BORDER ACQUISITIONS   By Gordon Platt   Mergers and acquisitions in emerging markets are heating up, and China and ...

Foreign Exchange

CORPORATE FINANCING NEWS — FOREIGN EXCHANGE   GREEK DEBT CRISIS MORPHING INTO EURO PROBLEM   By Gordon Platt   The nearly $1 trillion plan to defuse Europe's debt crisis headed off speculation in credit default swaps, bank equities and bond ...

Newsmakers

Obama Administration Continues Export Drive

NEWSMAKERS: UNITED STATES   Obama Administration Continues Export Drive   By Denise Bedell   Gregoire: Coordinating efforts on export promotion The Obama administration has set a goal of doubling US exports in the next five years and announced the development ...

Rating Upgrade Vindicates Morales’s Policies

NEWSMAKERS: BOLIVIA   Rating Upgrade Vindicates Morales’s Policies   By Antonio Guerrero   Morales: High hopes for Bolivia’s econom y While many international investors have grown to distrust Bolivian president Evo Morales, a socialist who nationalized the hydrocarbons sector and telephone company, ...