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Cover Story

Cover Story : Life Beyond The Oil Rush

Competition between Asia’s new economic superpowers, China and India, for energy resources has already helped push up oil prices. We look into where it could all end. There are any number of reasons why the price of oil today is ...

Features

Features : Corporate Governance Focus: Financial Services

Where The Buck Stops The pressure on financial services companies is growing as regulators around the world tighten the rules. Daniel Oakley, director, knowledge management for Ernst & Young’s financial services practice In a world where corporate governance regulations are ...

Features : Europe Switches to US-Style Disclosure Rules

Greater disclosure prompted by a new EU regulation should lower investors’ risk and heighten their confidence. The European Commission has, after several years of negotiations and various incarnations, finally adopted a directive on minimum transparency requirements for listed companies. The ...

Features : Europe’s Exchanges Poised for Power Struggle

Exchange Change Tension is running high in London’s financial district as two rival European exchanges make a play for the venerable London Stock Exchange. Given the publicity surrounding Deutsche Börse’s £1.35 billion bid for the London Stock Exchange (LSE), one ...

Features : Paperless Payment Processing Gains Popularity

Pushing Paper Aside Despite the long-acknowledged advantages of electronic processing of invoices and payments, companies have been slow to let go of paper. The Web is changing all that. For the past 20 years, technology vendors have tempted companies with ...

Features : Risk Management: Insurers Seek New Role In A Changing World

Insurers are getting more involved in helping their corporate clients understand the risks they face. Just four years ago insurance was a necessity rather than a dynamic component of a company’s business strategy—a determinedly unsexy but essential part of operations. ...

Features : Russia: Investors Prepare for a Bumpy Ride

Investors Brace Themselves For A Bumpy Ride Russia may have been promoted to investment grade, but its political and economic turbulence show no signs of abating. Until relatively recently, it looked like Russia was going to get a lot less ...

Features : World’s Best Treasury Providers

Global Finance selects the best treasury and cash management banks, globally and by region, and the best providers of treasury management systems and services by category. In a period of relatively low interest rates, treasury and finance officials at corporations ...

Award Winners

Award Winners : Best Treasury and Cash Management Providers

Global Finance selects the leaders in a specialized are of finance that is benefiting from a surge in global trade. Best Treasury and Cash Management Providers Global Winner Citigroup Regional Winners North America JPMorgan Chased Western Europe ABN AMRO Asia ...

Emerging Markets Roundup

Emerging Markets : Bankruptcy Code Overhauled

Brazil Brazil’s President Luiz Inácio Lula da Silva President Luiz Inácio Lula da Silva signed into law an overhaul of Brazil’s 60-year-old bankruptcy code in February, ending a decade of bureaucratic and legislative hurdles. Finance minister Antonio Palocci says the ...

Emerging Markets : Russia Shuts Out Investors

Russia Investors told: “Your money’s no good here” In one of the most explicit demonstrations of the increasing nationalism of the Kremlin of Vladimir Putin, in mid-February Russia’s ministry for natural resources said that companies with majority foreign ownership would ...

The World's Best Treasury and Cash Managers

Features : World’s Best Treasury Providers

Global Finance selects the best treasury and cash management banks, globally and by region, and the best providers of treasury management systems and services by category. In a period of relatively low interest rates, treasury and finance officials at corporations ...

Milestones

Milestones : Growth-Hungry Investors Chase the Wrong Markets

Global Investors looking for high stock market returns in rapidly growing economies such as China and India are likely to be disappointed, a new study has found. Based on equity return and dividend growth data from 17 markets spanning 105 ...

Milestones : New Year Kicks off With Rash of Deals

Europe Equity capital markets activity in Europe is off to a record start this year, according to figures from information provider Dealogic. More was raised this January through IPOs, secondary offers and equity-linked deals than in any previous January. A ...

Milestones : Outsourcing Myths Dispelled

Global Outsourcing has gone in and out of fashion, with various studies debating the pros and cons of farming out business processes to a third-party provider. Yet a study commissioned by Accenture dispels some commonly held beliefs among finance directors ...

Corporate Finance

Corporate Finance : Corporate Debt

Satellite Operator Issues $2.55 Billion of Notes Gordon Platt In the biggest offering of high-yield debt in the US market since July 2003, Intelsat Bermuda sold $2.55 billion of notes in a three-part private placement. The global satellite operator is ...

Corporate Finance : Focus: Foreign Exchange

Corporate Financing Focus Active Currency Management Can Turn Risk Exposure Into Source of Potential Returns Multinational industrial companies trading goods in global markets or building new plants overseas routinely take on exposure to foreign currency fluctuations as part of doing ...

Corporate Finance : Global Equity/DRs

Record Russian IPO Gets London Listing Sistema, a Russian conglomerate controlled by billionaire Vladimir Yevtushenkov, raised $1.35 billion last month in the form of global depositary receipts that are traded on the London Stock Exchange. The sale, which was handled ...

Corporate Finance : Mergers & Acquisitions

Wave of Big Mergers Keeps Going and Going The surge in merger activity late last year continued in early 2005, with a string of large takeovers in the US, including Procter & Gamble’s $57.5 billion purchase of Gillette, which will ...

Newsmakers

Editor's Letter : Dear Reader

It is refreshing to hear that William Donaldson, the chairman of the Securities and Exchange Commission, wants to reduce the cost burden that Sarbanes-Oxley imposes on businesses...

Newsmakers : Chávez Reveals First Stage of His Grand Plan

Venezuela Venezuelan President Hugo Chávez has few friends left these days, as his moves to silence opponents have raised eyebrows in the international community. Yet, with Venezuela still a leading oil producer, Chávez is using the oil card in his ...

Newsmakers : Donaldson Tackles Costs of New Rules

United States William H. Donaldson, chairman of the Securities and Exchange Commission, says he wants to do a cost-benefit analysis of the rules and regulations the SEC writes to implement the Sarbanes-Oxley (Sarbox) reforms. Corporate executives are complaining that the ...