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

gf11 In the decade or so since the phrase "corporate social responsibility" first began ...

Emerging Markets Roundup

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

gf11 In the decade or so since the phrase "corporate social responsibility" first began ...

Private Equity Focuses On Emerging Opportunities

MILESTONES: EMERGING MARKETS


Private Equity Focuses on Emerging Opportunities

By Anita Hawser

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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 equity ...

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

rn19 Mergers and acquisitions in emerging markets are heating up, and China and India are at the center ...

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

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Humbled by ...

Emerging Markets Roundup: India

Roundup

By Aaron Chaze

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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 and ports ...

Emerging Markets Roundup: Africa

Roundup

By Antonio Guerrero

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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 2010 ...

Emerging Markets Roundup: Brazil

Roundup

By Antonio Guerrero

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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

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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 data ...

Emerging Markets Roundup: Russia

Roundup

By Kim Iskyan

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Shuvalov: Russia is revising its plan to join WTO

During a late April trip to Washington, DC, first deputy prime minister Igor Shuvalov said that Russia would abandon its plan to try to join the World ...

Emerging Markets: Bringing Brazilian Ethanol to Global Markets

Investor: Company to Watch

Cosan/Brazil

By Gordon Platt

Cosan, one of Brazil's largest producers of sugar and ethanol, plans to form a $12 billion joint venture with Shell International Petroleum, a unit of Royal Dutch Shell. The São ...

Emerging Markets: Emerging Market Bonds Have Unusual Appeal

Investor: News

By Gordon Platt

Emerging market debt has a unique attraction for investors seeking higher yields than are available on US treasuries but who lack the appetite for risk in volatile emerging market equities. Investors are pouring record amounts ...

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

rrwa1

The contrasts in west ...

Milestones

Private Equity Focuses On Emerging Opportunities

MILESTONES: EMERGING MARKETS


Private Equity Focuses on Emerging Opportunities

By Anita Hawser

Regulars_Newsmakers150

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 equity ...

Investment Floods Back To Latin America

MILESTONES: LATIN AMERICA


Investment Floods Back To Latin America

By Antonio Guerrero

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High and dry: Caribbean countries may miss out

Following a hefty 42% yearon- year drop in FDI in Latin America last year, investors appear to be showing their ...

Responsible Corporations Gain Protection

MILESTONES: UNITED STATES Responsible Corporations Gain Protection By Denise Bedell Safekeeping: New law will protect companies’ ethical goals For companies that aim to always be socially and environmentally minded, achieving growth without giving up that goal can be difficult. But ...

Russia Taps Fixed-Income Market

MILESTONES: RUSSIA


Russia Taps Global Markets For First Time in 12 Years

By Kim Iskyan

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Moscow calling: Russia tests investor sentiment

Russia tapped global fixed-income markets in late April in a highly anticipated issue divided into a $2 billion five-year ...

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 had been a record ...

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 the proposed ...

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

rn19 Mergers and acquisitions in emerging markets are heating up, and China and India are at the center ...

Newsmakers

Montenegro Aims To Be The Next Mediterranean Tiger

NEWSMAKERS: MONTENEGRO


Montenegro Aims To Be The Next Mediterranean Tiger

By Justin Keay

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Luksic: Reforms should help attract investors

Most small European countries are still suffering in the wake of the recent downturn, with foreign direct investment (FDI) and trade ...

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 of the Export ...

Philippines Chooses Corruption Fighter For President

NEWSMAKERS: PHILIPPINES

Philippines Chooses Corruption Fighter For President

By Thomas Clouse

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Aquino: Promises to investigate previous election results

Benigno Aquino III will become the next president of the Philippines, after his pledges to fight corruption and reduce the country's ...

Private Equity Focuses On Emerging Opportunities

MILESTONES: EMERGING MARKETS


Private Equity Focuses on Emerging Opportunities

By Anita Hawser

Regulars_Newsmakers150

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 equity ...

Rating Upgrade Vindicates Morales’s Policies

NEWSMAKERS: BOLIVIA

Rating Upgrade Vindicates Morales’s Policies

By Antonio Guerrero

rn10

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 ...

Best Investment Banks

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

Awards-Best-Investment-Banks-2 Major banks reported hefty gains in first-quarter 2010 profits, with a powerful assist in most cases ...

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 valued ...

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 ...

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 ...

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 ...

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 chief ...

Additional Stories

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 finance. ...

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 cash management ...

Enabling Efficiency

ENABLE EFFICIENCY

eif1 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 the everyday ...

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 be maintained between ...

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 spreads, but there ...

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

tu1 Electronic trading has revolutionized markets. In the equities markets, algorithmic trading platforms, high-frequency trading and smart order ...

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

mf2 The Middle East is often thought of as the spiritual ...