Laurence Neville

COVER STORY: LIVING ON THE EDGE   By Laurence Neville   Southern Europe's sovereign debt crisis may appear to have been resolved, but severe trials still lie ahead—particularly for Greece.   The travails of Southern Europe—in particular Spain, Portugal and ...

MILESTONES: DUBAI   By Laurence Neville   New hope: Dubai bourse buoyed by Axiom IPO Nasdaq Dubai has got another roll of the dice with an IPO from local mobile-phone retailer Axiom ticking all the right boxes to generate interest ...

GLOBAL MARKET BRACE FOR THE AFTERSHOCK   Many countries still have a long way to go to convince investors that they are not likely to suffer a sovereign default.   By Laurence Neville   Just as the mood was lifting ...

COVER STORY: AFTER THE BAILOUT   The turmoil in Greece and the subsequent rout of the euro have rattled global markets and caused a renewed bout of hand-wringing over the stability of the global economy. Some believe the developed markets ...

NEWSMAKERS: GLOBAL   By Laurence Neville   The focus of regulatory reform in the wake of the financial crisis has inevitably been on the banking sector. Equally, most analysis of regulatory reform has addressed the impact of regulatory change on ...

ISLAMIC FINANCIAL INSTITUTIONS AWARDS 2010   Islamic financial institutions were not immune to the turmoil of the past two years, but their strict ethical code helped them prosper in many areas where others foundered.   By Laurence Neville   The ...

TOP BANKS BOUNCE BACK     After two dismal years, the banking industry in the world’s developed markets is flourishing again.   By Laurence Neville     The recovery of the financial markets from March 2009 (and earlier in the ...

BACK FROM THE BRINK The revival of interest in equity derivatives reflects a broader return of risk appetite among corporations and investors.   By Laurence Neville     The recovery in sentiment in most markets during 2009 was dramatic, and ...

The Dollar’s Decline   A weak dollar may be beneficial to the US in the short term, but it is undermining the dollar’s long-term status as the de facto global currency.   By Laurence Neville   One of the rocks ...

Europe   By Laurence Neville   Drying up? Investors may shun European IPOs After months of increasing excitement among equity capital market (ECM) bankers about the prospects of a bumper first quarter of IPO issuance in Europe in 2010, events ...

Derivatives Stage A Comeback   Market participants are rediscovering the appeal of derivatives, and the providers that stayed the course during the recent meltdown are reaping the benefits.   By Laurence Neville   In the year covered by Global Finance’s ...

Far from collapsing under the weight of the recent financial crisis, the biggest emerging markets are powering the next wave of global growth.   By Laurence Neville   In its July World Economic Update,the International Monetary Fund said that the ...

GLOBAL   By Laurence Neville   Perking up: The US market is showing signs of revival Six months after global equity markets began a remarkable rally and a year since the global financial system almost collapsed, the IPO is back ...

Global Finance selects the winners in a fast-growing area of finance that combines investing according to the tenets of Islamic law with modern financial products and systems.   By Laurence Neville For a brief moment it seemed that the world ...

In the past decade, India and China have been mentioned in the same breath when discussing the coming giants of the world economy.   By Laurence Neville   In truth, India has never been in China’s league when it comes ...

Recent financial turmoil has accelerated the seismic shifts taking place in the balance of global economic and political power. How the major powers act in the coming years will determine the future shape of globalization. BY LAURENCE NEVILLE The global ...

  EUROPE IN CRISIS     Many of Europe’s former star economies are still struggling to find their feet after falling prey to the credit crunch. By Laurence Neville   Emerging Europe is on the edge of a precipice. Already ...

  The G-20 meeting in London in April was groundbreaking for the scale of the resources committed to the IMF and the unity of a diverse group of nations to combat global recession. But the legacy of the G-20 will ...

  WORLD’S BEST DEVELOPED MARKETS BANKS 2009       Global Finance unveils its annual list of the best banks in developed markets around the world. By Laurence Neville When Global Finance published its 2008 awards a year ago, the ...

RUNNING ON EMPTY Russia is facing some tough decisions as it adjusts to a far more challenging economic and political environment.         Just over a decade after Russia’s forced devaluation of the ruble and default on its ...

EUROPE     Cash is costly for Hammerson, developer of this UK cineplex With headlines dominated by bank bailouts totaling billions of dollars, it’s easy to get blasé about the scale of the challenge facing the global economy. Nevertheless, a ...

Equity derivatives   As equity derivatives have taken a pounding in recent months, many of the smaller players have abandoned the market. The industry’s giants are still offering tailored products for their clients, though.   In the months following the ...

DEFLATION   US policymakers have already braced themselves for a bout of deflation, and many corporations are quaking at the prospect of price declines. Some are wondering, though, how bad can it really get?     That the global economy, ...

GLOBAL     IMF: Expects heavy demand for funds. In the most bearish research report on emerging markets seen by Global Finance since the credit crisis began, an RBC Capital research note published on January 15 claims that most major ...

BEST DERIVATIVES PROVIDERS 2008     Global Finance’s fifth annual awards for the World’s Best Derivatives Providers come against a backdrop of unprecedented change in financial markets. The long bull market came to an end last year. In its place ...

GLOBAL       Cash in hand: Corporations are looking within for liquidity.   The banking sector is under siege, with unprecedented nationalizations globally and a widespread assumption that the extraordinary profits of the past decade may never return. However, ...

SPOTLIGHT / EMERGING MARKETS Emerging markets have been some of the best performers of recent years. Is their continued growth now under threat?   Since the credit crunch began more than a year ago, it has inflicted most pain on ...

  RUSSIA       Medvedev: Seemingly helpless in the face of a stock market rout.     Can Russia’s president Dmitry Medvedev save the country’s financial markets? In the second week of September he declared that it was “within ...

GLOBAL       Vazza: Expects the default rate to continue growing.       As private equity investors size up the new opportunities the credit crunch presents, companies in their sights might do well to consider a report published ...

ANNUAL SURVEY / WORLD’S BEST BANKS 2008     Now more than ever, the world’s best banks deserve recognition for continuing to provide excellent products and high levels of service to their clients, despite the distractions of the global credit ...

EUROPE     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, ...

EUROPE               UBS: Its third cash call, this time to investors, was successful.       Almost a year after the US subprime crisis burst onto the wider global stage, Europe’s banks are paying ...

AFRICA   Long ignored by mainstream investors and corporations, Africa has suddenly found itself in the spotlight. Its resilience in the recent credit crunch is just part of the reason.     An oil worker stands on the deck of ...

WORLD’S BEST DEVELOPED MARKETS BANKS 2008 BEST DEVELOPED MARKETS BANKS Global Finance unveils its annual list of the best banks in developed markets around the world.     The past year has been one of the most tumultuous in recent ...

  SECTOR REPORT / PRIVATE EQUITY   Cash-heavy buyout firms are still looking for deals, but the rising cost of borrowing may result in their emulating their smaller private equity cousins.     Just a few months ago there were ...

DUBAI     DP World’s flagship port operation in Jebel Ali, Dubai When DP World, the Dubai government-owned port giant that bought the UK’s P&O; in March 2006, lists at the end of November (still pending as this issue of ...

PARTY ON! PRIVATE EQUITY   Private equity has had a tough year. It was hounded by legislators for its methods during the first half of 2007. And in the second half it was hit by the credit crunch. Can its ...

ANNUAL SURVEY / WORLD’S BEST BANKS At a time when the world economic outlook is more uncertain than it has been in years, the banking industry finds itself at the vortex of a financial market storm that originated in subprime ...

CORPORATE TOOLBOX / CREDIT DERIVATIVES Corporates have largely ignored the rapidly growing credit derivatives market for years. But will it help or hinder them if global growth begins to slow? The credit derivatives market has been one of the greatest ...

TURKEY     Gul: Nomination triggered a political crisis Turmoil sparked by the nomination of a suspected Islamist candidate for president in Turkey might have been expected to derail the long-anticipated l2.5 billion Turkish Lira ($1.86 billion) privatisation of the ...

CENTRAL & EASTERN EUROPE Turbulent times:Demonstrators in Romania in 1989 seize control of a tank Central and Eastern Europe (CEE) has changed beyond recognition in the 20 years during which Global Finance has been published. Few would have dared hope ...

Global Finance unveils its annual list of the best banks in developed markets around the world The past year has been one of staggering growth for the world’s top developed market banks. And while profits and revenues are breaking records, ...

ANNUAL SURVEY Global Finance unveils its annual list of the best banks in developed markets around the world. There are barely enough superlatives in the dictionary to describe the financial performance of the world’s best developed market banks. These global ...

Options backdating Already a handful of corporate heads have rolled as a result of the options backdating scandal. If regulators and shareholders get more aggressive, that could be just the tip of the iceberg. Options backdating has been the corporate ...

RUSSIA Pumpyansky: Rattling investors The world’s third-largest oil and gas pipe producer Trubnaya Metallurgicheskaya Kompaniya (TMK) is heading to market in London and Moscow in November with a price tag of up to $4 billion. But the deal will be ...

ANNUAL SURVEY/ WORLD’S BEST BANKS As the global economy continues to be challenged by rising interest rates and oil prices, banks are under increasing pressure to provide more sophisticated levels of service spanning multiple markets for less. The need to ...

Russia Rosneft IPO: Frosty reception Russian oil giant Rosneft’s listing in mid-June was undoubtedly a landmark event. The $10.4 billion deal was the largest oil IPO, the largest-ever Russian float and the fifth largest in the world. But more important ...

Saudi Arabia / Dubai Prince Alwaleed bin Talal Alsaud Not content with saving Citigroup and Euro Disney in the 1990s with multi-million-dollar investments, renowned Saudi Arabian investor Prince Alwaleed bin Talal Alsaud turned his attention closer to home with an ...

EUROPE F&C;’s Adrian Fowler European stock markets are expected to perform well in 2006, tempting companies to come to market to finance mergers and acquisitions and to launch IPOs in a repeat of the pattern seen in 2005. Despite a ...

GLOBAL Deutsche Bank’s John Tierney The credit derivatives market is set to continue to grow at a rapid pace in 2006 with an ever-widening base of financial institutions, and even some corporates, using the market, according to industry observers. The ...