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Cover Story

Cover Story : Technology Rebounds

After a tough three-plus-year run, technology vendors, buyers, bankers, investors and venture capitalists are daring to ask the forbidden question: Is tech funding reviving? Is tech finally back? The signs point to 2004 being the best year since 2000 for ...

Features

Features : Corporate Aviation Market Pulls Out of Nosedive

Fractional ownership and ‘Jet Cards’ are helping boost demand for business jets. The market for executive jets hit a patch of turbulence when the economy tanked in 2001, but with the stock market soaring and mergers back in vogue, it ...

Features : EU Divergence

Once the most ambitious candidates, Poland and Hungary are back-pedaling on plans for an early adoption of the euro. If they do not quickly rein in their swelling budget deficits, they can forget about entering the eurozone this decade. What ...

Features : Indian Appeal

India’s economy is surfing a wave of growth driven by the booming outsourcing industry. International companies have flocked to India to carry out non-core operations, taking advantage of the wide availability of well-trained English-speaking professionals—cheap and well-trained, to be more ...

Features : Issuance Juggernaut Picks Up Speed

The stampede to issue debt among emerging markets sovereigns and corporates is showing no signs of slowing down. Some think investors may get burned, though. With US and UK interest rates at record lows, excess global liquidity pouring into the ...

Features : Outward Bound

The market for outsourcing treasury services is snowballing as products become more refined and corporations grow more confident in the process. Outsourcing has become a hot topic in the American media only in the past few months, but in 1989, ...

Features : World’s Best Foreign Exchange Banks 2004

Global Finance selects the leaders in the world’s biggest financial market. EVERY THREE YEARS the Bank for International Settlements takes a “snapshot” of the foreign exchange market, with central banks around the world contributing simultaneous surveys of market activity. When ...

Emerging Markets Roundup

Features : Issuance Juggernaut Picks Up Speed

The stampede to issue debt among emerging markets sovereigns and corporates is showing no signs of slowing down. Some think investors may get burned, though. With US and UK interest rates at record lows, excess global liquidity pouring into the ...

Milestones : Emerging Markets

WHERE WILL THE NEXT EMERGING MARKETS CRISIS ERUPT? The mere hint that US interest rates would eventually have to increase from their lowest levels in 40 years was enough to send shock waves through some emerging markets, particularly in Latin ...

Milestones : Mutual Madness

UNITED STATES Some things never change. After sitting on the sidelines watching the halting but inexorable rise of the US and pretty much every other markets’ stock indexes last year, many investors seem to have decided, finally, that the time ...

The World's Best Foreign Exchange Providers

Features : World’s Best Foreign Exchange Banks 2004

Global Finance selects the leaders in the world’s biggest financial market. EVERY THREE YEARS the Bank for International Settlements takes a “snapshot” of the foreign exchange market, with central banks around the world contributing simultaneous surveys of market activity. When ...

Milestones

Milestones : And The Winner Is… China

UNITED STATES/CHINA Global executives are losing faith in the US and shifting to China as a place for business growth.The US, once considered a bastion of stability, they say now appears too risky. The majority of respondents to the Economist ...

Milestones : Emerging Markets

WHERE WILL THE NEXT EMERGING MARKETS CRISIS ERUPT? The mere hint that US interest rates would eventually have to increase from their lowest levels in 40 years was enough to send shock waves through some emerging markets, particularly in Latin ...

Milestones : Mutual Madness

UNITED STATES Some things never change. After sitting on the sidelines watching the halting but inexorable rise of the US and pretty much every other markets’ stock indexes last year, many investors seem to have decided, finally, that the time ...

Milestones : United States

RECORD TRADE DEFICIT: A SIGN OF STRENGTH OR WEAKNESS? After two years of a slumping dollar, one could be tempted to look for signs of improvement in the gaping US trade deficit. Look again. While exports have increased, imports are ...

Corporate Finance

Corporate Finance : ADRs Returning to Role As Takeover Currency

THE AMERICAS The use of American depositary receipts to pay for foreign takeovers of US companies likely will increase this year, market participants say. Many foreign issuers have reconciled their accounting to US Generally Accepted Accounting Principles, or GAAP, and ...

Corporate Finance : Group of 7’s Warning Fails To Support Dollar

THE AMERICAS In a move that came as a surprise to some analysts, the Group of 7 industrial nations warned against excessive volatility and disorderly foreign exchange movements in its communiqué following the group’s early-February meeting in Boca Raton, Florida. ...

Corporate Finance : High-Yield Issuance May Keep Growing

THE AMERICAS While US corporate bondmarket participants expect overall issuance to decline in 2004 as interest rates go up, high-yield issuance likely will remain strong and could even increase slightly. A healthier economy will make it more attractive for companies ...

Newsmakers

Newsmakers : Around The World

ALAN GREENSPAN INVENTS A NEW VERSION OF FEDSPEAK Federal Reserve chairman Alan Greenspan has turned the English language into an instrument of monetary policy, analysts say.What is the difference between being patient and waiting for a considerable period, they ask? ...

Newsmakers : Fuller Disclosure

UNITED STATES When it comes to corporate communications, the bar just keeps getting higher.While many public companies are still trying to get used to providing investors with anything more than bare-bones information, those who want to use that information are ...

Newsmakers : United States

NANDAPURKAR SWITCHES SIDES AS EUREX STORMS WINDY CITY Satish S. Nandapurkar, a former military officer in the US Air Force, dropped a bombshell on January 21, when he resigned as managing director, products and services, of the Chicago Mercantile Exchange ...

Newsmakers : Zhou Says China Will Review Its Yuan Policy This Year

CHINA Zhou Xiaochuan, governor of the People’s Bank of China, said in mid- February that China’s exchange-rate mechanism would be revised this year. Zhou indicated that the yuan’s level on currency markets would be made more flexible, ending its rigid ...

Additional Stories

Market Movers : Spain’s Banks Bet Big on Latin America

Spain’s banking titans have placed a $26 billion bet on Latin America becoming their growth engine of the future. It looks like 2004 could be the make-or-break year for that gamble. With domestic retail banking reaching the saturation point and ...