Magazine Cover

Cover Story

Emerging Markets Roundup

Equity: BRICs To Lead DRs In 2013

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS

By Gordon Platt

Companies based in emerging markets will continue to rely on depositary receipts as an important means of financing their growth in 2013, taking advantage of continued global investor interest in the ...

Country Report: Angola

UP AND RUNNING

By Dan Keeler

Having regained its footing in the wake of the financial crisis, Angola is now looking to erect a fairer, more balanced economy.

300x169-1-Features 13-Country-Rpt_Angola As it continues to rebuild its economy and society in the wake ...

Emerging Markets Roundup: Africa

CHEVRON BOOSTS ITS INVEST-MENT IN AFRICAN BLACK GOLD

By Antonio Guerrero


Global oil group Chevron approved a $5.6 billion development project in Angola.

300x388-3-Regulars 07-EM-Roundup

The Mafumeira Sul offshore oil field will be its second-largest African investment, after the Agbami field ...

Emerging Markets Roundup: Brazil

BANKS PITCH IN TO HELP BOOST ECONOMIC GROWTH

By Antonio Guerrero

Brazilian private-sector banks pledge to increase lending this year, according to Finance minister Guido Mantega.

300x169-2-Regulars 07-EM-Roundup

Following a meeting with bankers in February, the minister said banks plan to increase ...

Emerging Markets Roundup: China

WAGE GAP CLOSES AS GOVERNMENT EMBARKS ON SOCIAL REFORMS

By Thomas Clouse


China announced plans last month to reduce its wealth distribution gap through a series of measures—such as raising minimum wages, loosening lending and deposit rates and increasing ...

Emerging Markets Roundup: Middle East

DUBAI SEEKS ROLE AS CAPITAL OF ISLAMIC ECONOMY

By Gordon Platt


Dubai plans to become the capital of the Islamic economy by setting global standards.

300x169-4-Regulars 07-EM-Roundup

In addition to promoting Islamic finance and insurance, the emirate wants to arbitrate Islamic contracts ...

Emerging Markets Roundup: Russia

GAZPROM DOUBLES PROFITS AS IT PREPARES FOR “EFFICIENCY” AUDIT

By Kim Iskyan

Gas giant Gazprom reported that net profit doubled in the third quarter of 2012, thanks to forex gains.

300x169-1-Regulars 07-EM-Roundup

The results came just days after the government announced that ...

Middle East Investment Banking

SIGNS OF RESILIENCE

By Gordon Platt

In spite of poor global economic and investment conditions, Middle Eastern investment banking looks set for another solid year in 2013.


300x169-Features 16-MidEast-Inv-Banking The outlook for investment banking in the volatile Middle East region is surprisingly ...

Global Salon

Global Salon: Karen Elliott House

CONFLUENCE OF RISK

By Vanessa Drucker

In this month’s Salon, Global Finance sat down with Karen Elliott House, Pulitzer Prize–winning journalist, Wall Street Journal and Dow Jones & Co vet and author of On Saudi Arabia: Its People, Past ...

Milestones

Milestone: Spain Cuts Red Tape In An Effort To Help Businesses

MILESTONE: SPAIN

By Forrest Jones

Spain wants to make life a little easier for its business sector.

300x169-1-Regulars 05-Milestones

Recently, Madrid drafted legislation to make it simpler for companies to conduct business in different autonomous regions within the country by streamlining local ...

Corporate Finance

Debt: Distressed Corp Deals Decline

CORPORATE FINANCING NEWS: CORPORATE DEBT

By Gordon Platt

Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $423 billion, according to Thomson Reuters. Excluding Greece’s record $263 billion debt-exchange transaction, however, produces a very ...

Equity: BRICs To Lead DRs In 2013

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS

By Gordon Platt

Companies based in emerging markets will continue to rely on depositary receipts as an important means of financing their growth in 2013, taking advantage of continued global investor interest in the ...

FX: Economic Woes To Constrain Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Gordon Platt

The euro was the star of the major currencies in January, as it soared to a 14-month high against the dollar and a 33-month high against the Japanese yen.

Its strength reflects ...

M&A: Energy, Resources Deals Heat Up

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS

By Gordon Platt

Pipeline deals, shale-energy plays and natural resources transactions—often involving Asian buyers—provided an energetic start to mergers and acquisitions in 2013.

The overall January deal totals for the Americas and Europe ...

Newsmakers

Newsmaker: Heins Aims To Resurrect Moribund BlackBerry

NEWSMAKER: CANADA


By Gilly Wright


Not one to do anything by halves, BlackBerry’s CEO, Thorsten Heins, has overseen the launch of a new operating system called BlackBerry 10 and its first non-keyboard smartphone, the Z10.

300x169-2-Regulars 04-Newsmakers

Heins hopes to shape ...

Newsmaker: Speculation Is Rife About Fischer’s Next Move

NEWSMAKER: ISRAEL


By David Lipkin

Stanley Fischer is set to retire as governor of the Bank of Israel at the end of June.

150x180-2-Regulars 04-Newsmakers

Fischer, guardian of Israel’s economy, bows out gracefully

He will be remembered as one of the ...

Newsmaker: Turkey’s PM Gives EU Ultimatum Over Membership

NEWSMAKER: TURKEY

By Valentina Pasquali

Conveying the feelings of a large swath of the Turkish population, which is increasingly tired of the stalled accession negotiations with the European Union, prime minister Recep Tayyip Erdoğan recently threatened to abandon the talks ...

Newsmaker: White’s SEC Appointment Sends Mixed Message

NEWSMAKER: US


By Valentina Pasquali


Though still bearing the scars of the recent financial crisis, the US economy is recovering, and markets are returning to levels unseen in years.

300x169-1-Regulars 04-Newsmakers

White is reputed to be a tough enforcer

Photo Credits: LARRY ...

Back Page

The World's Best Treasury & Cash Management Providers

Awards: Treasury & Cash Management 2013

BEST IN SHOW

By Anita Hawser and Rebecca Brace

Global Finance presents the winners of its Treasury & Cash Management Providers Awards 2013. This year, we have expanded our evaluation process to include a survey of our corporate readers.


300x169-Features 18-Awards-TCM-Providers-rev

For this ...

Best Treasury and Cash Management Providers 2013: Global Winners

GLOBAL WINNERS

By Anita Hawser and Rebecca Brace

BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: GLOBAL WINNERS
Best Overall Bank for Cash Management Citi
Best White Label System Provider BNY Mellon

BEST OVERALL BANK FOR CASH MANAGEMENT

Citi

Citi provides services ...

Best Treasury and Cash Management Providers 2013: Regional Winners

REGIONAL WINNERS

By Anita Hawser and Rebecca Brace

BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: REGIONAL WINNERS
Best Overall Bank for Cash Management
North America Bank of America Merrill Lynch
Latin America Citi
Western Europe Deutsche Bank
Nordic Region SEB
Central ...

Best Treasury and Cash Management Providers 2013: System And Services Winners

SYSTEMS AND SERVICES PROVIDERS

By Anita Hawser and Rebecca Brace

BEST TREASURY MANAGEMENT SYSTEMS AND SERVICES PROVIDERS
Accounts Payable Services BNY Mellon SourceNet
Accounts Receivable Services SunGard AvantGard Receivables
Electronic Invoice Presentment and Payment Services Basware
Payroll Services ADP
Corporate ...

Additional Stories

Country Report: Lebanon

DRAGGING A GEOPOLITICAL ANCHOR

By Justin Keay

There were few bright spots for Lebanon over the past year. However, the banking and real estate sectors showed encouraging signs, and a recovery has begun.

300x169-1-Features 15-Country-Rpt_Lebanon

Despite their traditional stoicism, for most Lebanese ...

Regional Report: Latin America

VIVID LANDSCAPE IN FOREST PRODUCTS

By Antonio Guerrero

Despite currency volatility and slowing demand from China and Europe, Brazil, Chile and other key Latin American markets continue to churn out wood pulp for export, and the sector is seeing increased ...

Risk Management: Executive Liability

MOUNTING PERILS

By Al Modugno

Global executive risks are mushrooming in the midst of charges around Libor rate fixing and an explosion of M&A legal suits.


300x169-Features 17-Risk-Management The Libor scandal involving rate-rigging has triggered widespread investigations of major banks. But ...