Magazine Cover

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.


csif01 There are any number of reasons why the price of oil today ...

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.

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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.


feart03a 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.



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Given the publicity surrounding Deutsche Börse’s £1.35 billion bid for the London Stock ...

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.


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For the past 20 years, technology vendors have tempted companies with ...

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.



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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.


feart04a In a period of relatively low interest rates, treasury and finance officials at corporations ...

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.


feart04a 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 ...

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


nmart02 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

nmart01 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 ...

Milestones

Milestones : Growth-Hungry Investors Chase the Wrong Markets

Global

msart02 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

msart01 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 ...

Corporate Finance : Focus: Foreign Exchange

Corporate Financing Focus

Active Currency Management Can Turn Risk Exposure Into Source of Potential Returns

cfart01a 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 ...

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 ...

Emerging Markets Roundup

Emerging Markets : Bankruptcy Code Overhauled

Brazil


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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 ...

Emerging Markets : Russia Shuts Out Investors

Russia

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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 ...