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Cover Story

Cover Story : The Best Companies In Asia

ANNUAL SURVEY AIRLINES Singapore Airlines CEO: Chew Choon Seng It is a measure of Singapore Airlines’ strength that it took the SARS epidemic to cause it to post its firstever quarterly loss in the quarter that ended in June. The ...

Cover Story : The Best Companies In Europe

ANNUAL SURVEY AIRLINES Ryanair CEO: Michael O’Leahy Despite a setback in the French courts recently over aid from local governments, Ryanair is by far Europe’s most successful airline. CEO Michael O’Leahy’s abrasive management style wins him few friends, but Ryanair ...

Cover Story : The Best Companies In Latin America

ANNUAL SURVEY AIRLINES LanChile Executive Vice President and CEO: Enrique Cueto Plaza LanChile’s operational efficiency, passenger loyalty and steady revenue growth in both its cargo and its passenger business segments continue to drive the company’s profitability, even as other Latin ...

Cover Story : The Best Companies In North America

ANNUAL SURVEY AIRLINES JetBlue Airways CEO and Director: David Neeleman JetBlue has added some ‘frills’ to the ‘no-frills’ airline sector, offering leather seats, free live TV at each seat and a fleet of 47 new Airbus A320s—in addition to low ...

Cover Story : The World’s Best Companies 2003

The sixth annual exclusive Global Finance survey of the World’s Best Companies profiles global leaders in 28 industries or sectors and identifies the top regional players. AIRLINES Emirates President: Dermot Mannion As a private company little is known about the ...

Features

Features : Corporates Find a New Home

Treasurers are rapidly realizing the benefits of storing surplus cash in money market funds. “To do it well you need a combination of people with skills in credit analysis and fund management as well as support functions.” —Mark Hannam, Barclays ...

Features : Global Changes Fuel Financial Innovation

Sector Report : Oil and Gas The global oil and gas industry is changing rapidly, prompted by anxiety over supplies and a wave of mergers that has left just five titans dominating the market. As the threat to oil supplies ...

Features : Power Plays

After the summer’s rash of widespread electricity outages, companies are looking to manage their energy risk. Derivatives may provide an answer. August’s massive power outage in the United States and the others that followed in the United Kingdom, Italy and ...

Emerging Markets Roundup

Cover Story : The Best Companies In Europe

ANNUAL SURVEY AIRLINES Ryanair CEO: Michael O’Leahy Despite a setback in the French courts recently over aid from local governments, Ryanair is by far Europe’s most successful airline. CEO Michael O’Leahy’s abrasive management style wins him few friends, but Ryanair ...

Cover Story : The World’s Best Companies 2003

The sixth annual exclusive Global Finance survey of the World’s Best Companies profiles global leaders in 28 industries or sectors and identifies the top regional players. AIRLINES Emirates President: Dermot Mannion As a private company little is known about the ...

Newsmakers : New York Fed’s New Chief May Be The Man To Save The Dollar

UNITED STATES “Foreign exchange market participants are relieved to have somebody who understands their market in the second most powerful position at the Fed.” Timothy F. Geithner, the 42-year-old head of policy development at the International Monetary Fund, has had ...

Special Section

Features : Global Changes Fuel Financial Innovation

Sector Report : Oil and Gas The global oil and gas industry is changing rapidly, prompted by anxiety over supplies and a wave of mergers that has left just five titans dominating the market. As the threat to oil supplies ...

Milestones

Milestones : Congress Takes Aim At Corporate Tax Cheats

UNITED STATES Frustrated by an Internal Revenue Service that cannot seem to catch corporate tax evaders and that fails to punish them when it does track them down, the US Senate Finance Committee held hearings in late October that highlighted ...

Milestones : Islamic Bond Market Coming Of Age

QATAR The Middle Eastern nation of Qatar sold the biggest-ever Islamic bond in October, a $700 million, seven-year global offering that also set a record for the longest maturity for such an issue. The deal was increased in size from ...

Milestones : Will Statistical Fog Ground Bank Of England?

UNITED KINGDOM “It is worth asking whether the statistical fog enveloping the UK economy foreshadows stormy economic weather.” Mervyn King, Bank of England In a 1963 movie, “The VIPs,” starring Elizabeth Taylor and Richard Burton, an elite group of British ...

Corporate Finance

Corporate Finance : Canada’s Manulife Acquires John Hancock Financial

MERGERS & ACQUISITIONS THE AMERICAS Canada’s Manulife Acquires John Hancock Financial The theory that bigger is better in financial services is spurring a wave of mergers in the industry.The latest example is Torontobased Manulife Financial’s all-stock takeover of Boston’s John ...

Corporate Finance : Deutsche Bank Study Shows ADRs Boost Stock Prices

GLOBAL DEPOSITARY RECEIPTS EUROPE Deutsche Bank Study Shows ADRs Boost Stock Prices German blue-chip companies with American depositary receipt programs enjoy higher stock prices than similar companies without ADR programs, according to a study by Deutsche Bank’s Global Equity Services. ...

Newsmakers

Newsmakers : Markets Can’t Seem To Catch Snow’s Drift

UNITED STATES US treasury secretary John Snow stumbled into a storm in late October after suggesting to a British newspaper that US interest rates were headed higher. The treasury chief said Washington would welcome higher rates because they would underline ...

Newsmakers : Mexican Billionaire Goes On Telephony Shopping Spree

MEXICO Despite a strong recovery in Latin American stocks this year, the region’s stock valuations remain cheap by international standards. With foreign investors staying on the sidelines, opportunistic local market players are increasingly taking advantage of buy opportunities at home. ...

Newsmakers : New York Detective Puts The Boot In With Barclays

UNITED STATES Retired New York City police detective Jon Kanovsky says he “felt helpless and hopeless” after his friend New York fireman Sergio Villanueva was killed at the World Trade Center on September 11, 2001. Kanovsky spent three weeks at ...

Newsmakers : New York Fed’s New Chief May Be The Man To Save The Dollar

UNITED STATES “Foreign exchange market participants are relieved to have somebody who understands their market in the second most powerful position at the Fed.” Timothy F. Geithner, the 42-year-old head of policy development at the International Monetary Fund, has had ...