Magazine Cover

Cover Story

Banking On Stability

COVER STORY: MIDDLE EAST

By Laurence Neville

Nervous investors are looking for signs of stability in the Middle East and North Africa. The region’s burgeoning investment banking industry may provide the reassurance they’re looking for.

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The political crisis ...

Emerging Markets Roundup

Banking On Stability

COVER STORY: MIDDLE EAST

By Laurence Neville

Nervous investors are looking for signs of stability in the Middle East and North Africa. The region’s burgeoning investment banking industry may provide the reassurance they’re looking for.

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The political crisis ...

Better Climate May Trigger Listing Boom

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRs

By Matt Greco

A hot start to the year is suggesting that equity markets worldwide may be setting the stage for a return to a 2007- like frenzy during which they entertain all manner ...

FX: Concerns Linger After Currency War

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Matt Greco

Things may not look quite as bleak as they did a couple of months ago when there was talk—however irresponsible—of currency wars as trade war by other means, but international ...

Brazil Faces Life After Lula

UPDATE: BRAZIL

By Antonio Guerrero

Brazil’s new president has already impressed the business community. But can she impress her own party?

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Brazilian president Dilma Rousseff, a former Marxist guerrilla fighter, has gotten high grades from the nation’s business ...

Derivatives Show Change In Sentiment

ANALYSIS: INTEREST-RATE AND EQUITY DERIVATIVES

By Michael Shari

Investors and corporations are revamping their derivatives strategies as they prepare for a resurgence of inflation.

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At the beginning of the year, investment bankers noticed that institutional investors, hedge funds and corporate ...

DRs: Chinese Firms Believe In US IPO Market

EMERGING MARKETS INVESTOR: DR NEWS

By Anita Hawser

The wave of Chinese companies opting to list on American exchanges continues with a China-based manufacturer of rare-earth coated and prestressed building materials for roads and bridges issuing five million American Depositary ...

EM: Bovespa Eyes Other BRIC Markets

EMERGING MARKETS INVESTOR: NEWS

By Anita Hawser

As the world’s key stock exchanges engage in a flurry of mergers aimed at cutting costs and boosting efficiency, Brazil’s BM&F; Bovespa—the fourth largest exchange operator in the world ...

Emerging Markets Roundup: Africa

ROUNDUP: AFRICA

By Antonio Guerrero

Plans for launching a single West African currency by 2015, to be known as the Eco, are being thwarted by members’ failure to meet the program’s criteria.

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Zuma: Calling for help

Five of the ...

Emerging Markets Roundup: Brazil

ROUNDUP: BRAZIL

By Antonio Guerrero

Healthy demand for Brazilian equities is driving a rush to list on Brazil’s BM&F; Bovespa Stock Exchange.

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BM&F; Bovespa: Business is booming

With corporations showing an appetite for raising cash to finance ...

Emerging Markets Roundup: China

ROUNDUP: CHINA

By Thomas Clouse

China imported $144 billion in goods in January, an increase of 51% over January 2010. The country’s exports also rose rapidly, growing 38% year-on-year to $151 billion.

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Drought: Farmers suffer

The resulting trade surplus ...

Emerging Markets Roundup: India

ROUNDUP: INDIA

By Aaron Chaze

The Indian government’s Central Statistical Office (CSO) unveiled a new consumer price index that it says will measure inflation more accurately.

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Stepping up: India’s mobiles get boost

The government currently uses the Wholesale ...

Emerging Markets Roundup: Middle East

ROUNDUP: MIDDLE EAST

By Anita Hawser

In the wake of the political and social unrest that has been sweeping across the Middle East following the downfall of the Tunisian and Egyptian leaders, ratings agencies are preparing to issue more downgrades ...

Emerging Markets Roundup: Russia

ROUNDUP:  RUSSIA

By Kim Iskyan

In mid-January, Russia’s key national oil company, Rosneft, and BP sealed a deal to swap shares and to jointly develop major oil fields in the Arctic.

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Falling: Siberian oil output

Under the deal, Rosneft ...

Milestones

Canada / UK: Friction From Toronto-London Exchange Deal

MILESTONES: CANADA / UNITED KINGDOM

By Erik Heinrich

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London Stock Exchange: Dominant partner?

The proposed merger between the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) has prompted criticisms that it would not be, as the two sides have ...

Colombia: China Evaluates Panama Canal Rival

NEWSMAKERS: COLOMBIA

By Antonio Guerrero

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Santos: In talks with China over 250-mile rail link

The first ship crossing the Panama Canal had barely completed its voyage, after the canal opened in 1914, when engineers and politicians began conspiring to build ...

Ecuador / US: Record Fine Sparks Fierce Legal Battle

MILESTONES: ECUADOR/UNITED STATES


By Antonio Guerrero

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Still waiting: Chevron's appeal delays payment of its fine

When a provincial court in Ecuador in February ordered Chevron to pay an $8.6 billion fine for damaging the rainforest, the ruling ...

Global: Pushing For Mainstream Sustainability Reporting

NEWSMAKERS: GLOBAL

By Anita Hawser

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Ligteringen: “Measure what you need to manage”

“We are urging all companies to look systematically at their environmental,social and economic results,” says Ernst Ligteringen, CEO of the Global Reporting Initiative (GRI), which provides sustainability ...

Israel: Finance Chief Suggests Two-Year Budgets

NEWSMAKERS: ISRAEL


By Dan Keeler


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Steinitz: One-year budgets are a “terrible mistake”

Just two years after being mired in the depths of the global financial crisis, Israel is experiencing a sharp and sustained recovery that is the envy of many ...

Thailand / Cambodia: Border Dispute And Asean’s Role

NEWSMAKERS: THAILAND/CAMBODIA


By Thomas Clouse

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Thai PM, Abhisit Vejjajiva

The Association of Southeast Asian Nations (Asean) passed a crucial test last month after fighting that had erupted along a disputed border between Thailand and Cambodia resulted in at least ...

US: Cash-Poor States Eye Corporate Tax Hikes

MILESTONES: UNITED STATES By Denise Bedell As budget season for US State and municipal authorities pushes into high gear, and as hedge funds and money managers begin touting the potential value of distressed municipal bonds,US-based corporations may find themselves bailing ...

Corporate Finance

Better Climate May Trigger Listing Boom

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRs

By Matt Greco

A hot start to the year is suggesting that equity markets worldwide may be setting the stage for a return to a 2007- like frenzy during which they entertain all manner ...

Exchange Deals Dominate M&A Landscape

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Denise Bedell The early months of 2011 have seen a flurry of new M&A; transactions announced across a range of sectors and industries, but it is the announced transactions for stock exchanges that ...

FX: Concerns Linger After Currency War

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Matt Greco

Things may not look quite as bleak as they did a couple of months ago when there was talk—however irresponsible—of currency wars as trade war by other means, but international ...

US Growth Boosts High-Yield’s Appeal

CORPORATE FINANCING NEWS: CORPORATE DEBT

By Matt Greco

The European sovereign and related bank debt crises should have only a minimal effect on the high-yield market in 2011.

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The main reason: About 85% of the market still consists of debt ...

Newsmakers

Canada / UK: Friction From Toronto-London Exchange Deal

MILESTONES: CANADA / UNITED KINGDOM

By Erik Heinrich

300_March_Canada_United-KingdomRegulars_Newsmakers_Milestones-4

London Stock Exchange: Dominant partner?

The proposed merger between the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) has prompted criticisms that it would not be, as the two sides have ...

Colombia: China Evaluates Panama Canal Rival

NEWSMAKERS: COLOMBIA

By Antonio Guerrero

150_March_Colombia_Regulars_Newsmakers_Milestones-1

Santos: In talks with China over 250-mile rail link

The first ship crossing the Panama Canal had barely completed its voyage, after the canal opened in 1914, when engineers and politicians began conspiring to build ...

Ecuador / US: Record Fine Sparks Fierce Legal Battle

MILESTONES: ECUADOR/UNITED STATES


By Antonio Guerrero

300_March_Ecuador_United-States_Regulars_Newsmakers_Milestones

Still waiting: Chevron's appeal delays payment of its fine

When a provincial court in Ecuador in February ordered Chevron to pay an $8.6 billion fine for damaging the rainforest, the ruling ...

Global: Pushing For Mainstream Sustainability Reporting

NEWSMAKERS: GLOBAL

By Anita Hawser

150_March_Global_Regulars_Newsmakers_Milestones-1

Ligteringen: “Measure what you need to manage”

“We are urging all companies to look systematically at their environmental,social and economic results,” says Ernst Ligteringen, CEO of the Global Reporting Initiative (GRI), which provides sustainability ...

Israel: Finance Chief Suggests Two-Year Budgets

NEWSMAKERS: ISRAEL


By Dan Keeler


82x70_March_Israel_Regulars_Newsmakers_Milestones-1

Steinitz: One-year budgets are a “terrible mistake”

Just two years after being mired in the depths of the global financial crisis, Israel is experiencing a sharp and sustained recovery that is the envy of many ...

Thailand / Cambodia: Border Dispute And Asean’s Role

NEWSMAKERS: THAILAND/CAMBODIA


By Thomas Clouse

150_March_Thailand_Cambodia_Regulars_Newsmakers_Milestones-1

Thai PM, Abhisit Vejjajiva

The Association of Southeast Asian Nations (Asean) passed a crucial test last month after fighting that had erupted along a disputed border between Thailand and Cambodia resulted in at least ...

US: Cash-Poor States Eye Corporate Tax Hikes

MILESTONES: UNITED STATES By Denise Bedell As budget season for US State and municipal authorities pushes into high gear, and as hedge funds and money managers begin touting the potential value of distressed municipal bonds,US-based corporations may find themselves bailing ...

The World's Best Treasury & Cash Management Providers

Best Treasury Management Systems & Services Providers

Best Treasury Management Systems & Services Providers

Accounts Payable Services

Bottomline Technologies

As companies increase their focus on automating payables in order to reduce the inefficiencies associated with handling paper invoices and to reduce days sales outstanding (DSO), competition among accounts ...

Awards: Treasury & Cash Management

ANNUAL SURVEY: CASH CONTROL

By Anita Hawser

In a reflection of the changes taking place in the global economy, new battle lines are being drawn by the global cash management banks, particularly in regions like Asia and Africa.

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The banks ...

Additional Stories

Best Banks For Liquidity Management

Best Banks for Liquidity Management

North America

J.P. Morgan

In 2010, J.P. Morgan Treasury Services rolled out the bank’s “integrated global liquidity platform,” J.P. Morgan ACCESS Liquidity Solutions, which provides customers with an overview of their ...

Best Banks For Payments And Collections

Best Banks for Payments and Collections

North America

Wells Fargo

Payments and collections may be the bread and butter of most cash management banks, but the real differentiator is breadth and depth of capabilities, product innovation and market coverage. Wells ...

Best Banks For Risk Management

Best Banks for Risk Management

North America

Bank of America Merrill Lynch

Bank of America Merrill Lynch’s substantial investment in platforms and solutions in the treasury and cash management space is helping its clients gain a clearer view of ...

Best Providers Of Money Market Funds

Best Providers of Money Market Funds

North America

J.P. Morgan Asset Management

A consistent winner in this category, J.P. Morgan Asset Management has more than a $1 trillion in assets under management. It has a dedicated short-term investment ...

Best White Label System Provider

Best White Label System Provider

BNY Mellon Enterprise Treasury Services

While other banks have made a concerted effort to white-label some of their solutions only in the past five to 10 years, BNY Mellon Enterprise Treasury Services has been in ...

Best Bank For Cash Management

Best Bank for Cash Management: Global Winner

Global

Citi

Citi’s Global Transaction Services division invests $1 billion annually in technology in an effort not only to keep up to speed with customers’ needs but to preempt their future requirements ...

Britain’s Big Gamble

FOCUS: UK RECOVERY STRATEGY

By Justin Keay

The UK government’s savage spending cuts and deep austerity measures have been touted as a model recovery strategy for stumbling Western economies. Faltering growth is raising questions over the strategy’s validity ...

Company To Watch: Industrias Bachoco / Mexico

INDUSTRIAS BACHOCO: POULTRY PRODUCER OFFERS PROTECTION IN TROUBLED MARKET

By Anita Hawser

In times of uncertainty investors often turn to so-called defensive stocks, and Mexico poultry producer Industrias Bachoco is certainly that.

Despite other problems that may be going on ...

Mexico’s Uphill Struggle

COUNTRY REPORT: MEXICO

By Paula L. Green

Safeguards put in place after the Tequila Crisis helped Mexico’s banks ride out the recent global turmoil. Now they’re facing some new challenges.

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On the spot: Mexico’s president Calderón faces ...

Regional Focus: East Africa

EAST AFRICA: SUDAN SPLIT RESHAPES EAST AFRICA’S ECONOMY

By Jonathan Gregson

As Sudan prepares to divide into two countries, plans are already under way to help the South develop its substantial oil reserves.

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Unless there is a major mishap ...

Social Change

TECHNOLOGY: BUSINESS INTELLIGENCE By Denise Bedell Mobile and social networking technologies are helping bring heavy-duty analytical capabilities to every level of a business. Anyone who thought social networking was useful only for catching up with old school friends is in ...

Asia’s Liquidity Glut

ASIA'S LIQUIDITY SURPLUS: TOO MUCH OF A GOOD THING?


By Shu-Ching Jean Chen

Top finance officials in Asia are eager to mitigate the debilitating effects of hot money flooding to the region. Corporations are less concerned .

At a regional ...