Magazine Cover

Cover Story

Cover Story : Sustainable Progress

LESSONS FROM EUROPE

Corporate comprehension of the benefits of going green is far more advanced in Europe than in the US. But America’s businesses could easily catch up.

cover_story4

Stark differences: Europe and the US have taken very different approaches ...

Cover Story: Green Finance

GREEN FINANCE

Despite the drumbeat of headlines about the troubled banking and finance industries, one area is coming up green.


cover_story2 With global financial markets languishing in the doldrums, “green financing” is emerging as a key lever to stimulate a sustainable ...

Emerging Markets Roundup

Milestones : Europe’s Ipo Market Slumps

EUROPE


milestones2

Blowout: EDP Renováveis' stock tumbled more than 20% after its IPO

With equity capital markets bankers in the Europe, Middle East and Africa (EMEA) market focused on massive rights issues to recapitalize their peers in recent months, it has ...

Corporate Finance : Global Slowdown Could Benefit Dollar

FOREIGN EXCHANGE


The dollar made strong and broad gains last month as commodity prices declined and economic data from Europe and Japan came in weaker than expected. Early signs of a global slowdown in real economic activity and falling oil ...

Emerging Markets : Banks Seek Growth After Profits Slide

BRAZIL


emr3

Digging in: Brazilian miner Vale is investing heavily.

After several years of steady profit growth, Brazil’s banking sector reported a slowdown in second-quarter 2008. Bradesco, Brazil’s largest non-state bank by assets, posted a 13% drop in second-quarter ...

Emerging Markets : China In Olympian Bid For Global Respect

China opened the 29th Olympic Summer Games in Beijing on August 8 with a ceremony incorporating 15,000 performers and 29,000 fireworks shells and attended by US president George Bush, French president Nicolas Sarkozy and other world leaders. China ...

Emerging Markets : Communist Parties Give Economic Reforms A Boost

INDIA


emr4

Manmohan Singh: Has more scope to enact reforms.

India’s ruling coalition, the United Progressive Alliance (UPA) led by Manmohan Singh, survived a vote of no confidence in late July after the three communist parties in parliament said their ...

Emerging Markets : Dongfeng Motor

CHINA’S AUTO MARKET REMAINS IN FAST LANE
COMPANY TO WATCH


China’s love affair with the automobile shows no sign of cooling. The world’s most populous country is also the fastest-growing new-car market, with sales increasing at a ...

Emerging Markets : FTSE Indexes Add Frontier Markets

NEWS


FTSE Group has extended its Global Equity Index Series to include 23 frontier markets, including such countries as Bangladesh, Botswana, Tunisia and Vietnam. “Frontier equity markets today represent more than $1 trillion in capitalization and are becoming attractive investment ...

Emerging Markets : GE And Abu Dhabi Form $8 Billion Joint Venture

MIDDLE EAST


emr1

Bright future: NYSE deal boosts Doha market.

General Electric of the United States has formed an $8 billion joint venture with Mubadala Development, a sovereign wealth fund based in Abu Dhabi, to invest in emerging markets in the ...

Emerging Markets : Putin’s Comments Unnerve Investors

RUSSIA


Headline risk in Russia returned with a vengeance over the summer as global oil major BP struggled with its Russian partners over control of its TNK-BP oil company joint venture. After an extended battle, the head of the company ...

Emerging Markets : Zimbabwe’s Zero-Sum Game

AFRICA


emr2

All change: Zimbabwe's coins have value again.

With hyperinflation eroding the nation’s economy, Zimbabwe’s government is taking desperate measures. It lopped off 10 zeros from the Zimbabwe dollar, as inflation is now running at 2.2 ...

Milestones

Milestones : Europe’s Ipo Market Slumps

EUROPE


milestones2

Blowout: EDP Renováveis' stock tumbled more than 20% after its IPO

With equity capital markets bankers in the Europe, Middle East and Africa (EMEA) market focused on massive rights issues to recapitalize their peers in recent months, it has ...

Milestones : Financiers Expect More Banks To Fail

GLOBAL


Almost a year into the credit crunch, it appears that there are still widespread market fears of another financial firm going under. And it seems that the next six months are crucial in terms of whether those fears will ...

Milestones : Rating Downgrade Bucks Local Trend

ARGENTINA

milestones1

Don't cry for me: Kirchner's woes deepen as inflation accelerates.

While Peru and Brazil crossed the investment-grade threshold this year, Argentina is moving in the opposite direction. Ratings agency Standard & Poor’s downgraded Argentina’s foreign and ...

Milestones : Russia Gambit Sends Clear Message To West

GEORGIA


Few in the oil industry doubt that the Russia-Georgia conflict is as much about tightening the squeeze on oil and gas supply to the West as it is about protecting minorities in South Ossetia and Abkazia, or about Russia ...

Features

Features : A Safe Haven

SPOTLIGHT / GLOBAL CUSTODY

Global custodians are experiencing strong growth and increasingly complex demands from their clients.

features12
Propelled by the growth in increasingly sophisticated financial instruments and the emergence of new markets and clients, the universe of financial assets held for ...

Features : Delayed Reaction

REGIONAL REPORT / CENTRAL AND EASTERN EUROPE

They dodged the early fallout from the credit crunch, but Central and Eastern Europe’s economies are facing growing challenges.


features06

All change: Central and Eastern Europes economies are in transition.

Next year Europe’s ...

Features : Internet Bank Awards

In the first of a two-part series, Global Finance identifies the best online corporate and consumer banks by country and regionally by product or service category.


features13
Times have been hard recently for banks’ information technology departments. The collapse of the ...

Features : Island Life

CARIBBEAN FINANCE CENTERS

Recent changes are helping the venerable finance centers of the Caribbean stave off increasingly intense international competition.

features01

Partly in response to the US-led assault on their opaque banking systems and propensity for secrecy, many of the Caribbean ...

Features : Risky Business

CORPORATE TOOLBOX / POLITICAL RISK

In recent years, political risks facing multinationals have grown more significant. Corporations are far from blameless in creating that risk, though.


features09

Heightened tensions: Multinationals in countries such as Venezuela face growing risks.

With oil prices continuing ...

Features : World's Best Investment Banks 2008

ANNUAL SURVEY

The past 12 months have been some of the most difficult ever for investment banks, but many institutions continue to provide outstanding services to their clients.


features04

Investment banks are still writing off big losses, raising fresh capital and ...

Corporate Finance

Corporate Finance : Dow Breaks The Mold For Deal Financing

MERGERS & ACQUISITIONS


corp_fin_ma1 Midland, Michigan-based Dow Chemical forged an unusual alliance of bankers and investors to finance its $18.6 billion acquisition of specialty-chemicals maker Rohm and Haas. Warren Buffett’s Berkshire Hathaway and the Kuwait Investment Authority, a sovereign wealth ...

Corporate Finance : Global Slowdown Could Benefit Dollar

FOREIGN EXCHANGE


The dollar made strong and broad gains last month as commodity prices declined and economic data from Europe and Japan came in weaker than expected. Early signs of a global slowdown in real economic activity and falling oil ...

Corporate Finance : Hunt Continues For Way To End Credit Crunch

CORPORATE DEBT


More than a year after the credit crunch burst onto the global stage, regulators and banks are still searching for a way to end the crisis, which appears to be morphing into a chronic condition.

The Counterparty Risk ...

Newsmakers

Newsmakers : Calderón Aide Takes Top Economy Job

MEXICO


newsmakers3

Mexico's president Felipe Calderón is hoping Ruiz can help get the economy back on track.

Faced with the fallout from the US economic slowdown, Mexico’s president, Felipe Calderón, appointed former businessman Gerardo Ruiz to the country’s ...

Newsmakers : Economic Pain Deepens As American Shoppers Cut Back

UNITED STATES


newsmakers4

Kicking the habit: Shoppers slash spending.

Will declining gasoline prices encourage American consumers to pile into the family automobile and head out to the mall? Retailers hope so, but signs were not encouraging as the key back-to-school season ...

The World's Best Investment Banks

Features : World's Best Investment Banks 2008

ANNUAL SURVEY

The past 12 months have been some of the most difficult ever for investment banks, but many institutions continue to provide outstanding services to their clients.


features04

Investment banks are still writing off big losses, raising fresh capital and ...

Additional Stories

TCM Guide : "Who’s Who" In Treasury And Cash Management

TREASURY & CASH MANAGEMENT 2008

tcm01 Robert Allen
Group Treasurer
British American Tobacco
Robert Allen, appointed group treasurer effective this past June, replaces David Swann, who has now retired. Based in London, Allen works with a team of 20 professionals across the ...

TCM Guide : Paper Cuts

ELECTRONIC INVOICING

tcm_elct1

Watkinson: RBS has created an open e-invoicing solution in an attempt to make it user-friendly for customers.

At the height of the dot-com boom, anyone attending the multitude of technology summits touting the next big “disruptive technology” would ...

TCM Guide : Proving Ground

BANK RELATIONSHIP MANAGEMENT How banks treat their customers through the current hard times will define their relationships for years to come. Moinian warns corporates to be cautious: "Banks in trouble are offering extremely good rates". A wave of anxiety is ...

TCM Guide : The Bigger Picture

LIQUIDITY MANAGEMENT Corporate treasurers are fully reviewing all of their liquidity structures and relationships to ensure maximum efficiency, best access to credit and best returns on excess cash. Rossi: We have seen a number of our large corporate clients begin ...

TCM Guide : Treasury & Cash Management Guide 2008

tcm_intro The old adage, “Cash is king,” has rarely been more true. As banks reassess their credit relationships with corporate customers, with a view to maintaining those relationships that are more profitable and less risky, corporates, particularly those in tiers 2 ...