Global news and insight for corporate financial professionals
The business climate turned sharply colder in Russia during the second half of 2003, and it’s not gotten much better in these first few months of this year. But a second-term Putin is unlikely to jettison the reform project entirely. ...
BEST BANKS IN RUSSIA 2004 BEST DOMESTIC BANK MDM BANK In a tight field, this bank’s independence, allied to its commitment to genuine intermediation,wins it the prize.MDM is a money-gusher, too, achieving a return-on-investment for the first three quarters of ...
The Big Five banks are considering making more acquisitions in the US. Casting a wary eye at the wave of big bank mergers in the United States in recent months, Canada’s major banks are looking for ways to grow in ...
Hyundai’s choice of Slovakia as the site for its first European car plant attests to central Europe’s allure to foreign investors. While Hungary and Poland were the darlings for most of the 1990s, the Czech Republic has attracted the largest ...
For the global custody industry the contrast between this year and last could not be starker—or more heartening. A majority of the custodians covered in our survey last year had seen their custody assets decline or remain static over the ...
Even as they increase corporate efficiency, Internet banking and e-commerce are heaping additional burdens on the financial services industry. As a result, security has become the number one spending priority for many companies. You’ve seen the worrisome stories. Viruses and ...
Turkey’s efforts to comply with EU accession demands appear to be paying off. Yet while the country is gaining praise for its hard work, some say they want to see more evidence that Ankara is walking the talk. In the ...
Global Finance selects the best in the world. The big international banks make it look easy, sweeping up dollars and euros and various other currencies from remote corners of the world and investing the resulting cash pile in the highestyielding ...
BEST BANKS IN RUSSIA 2004 BEST DOMESTIC BANK MDM BANK In a tight field, this bank’s independence, allied to its commitment to genuine intermediation,wins it the prize.MDM is a money-gusher, too, achieving a return-on-investment for the first three quarters of ...
The furious debate in the US over outsourcing and “offshoring” is showing no sign of abating. ..
Hyundai’s choice of Slovakia as the site for its first European car plant attests to central Europe’s allure to foreign investors. While Hungary and Poland were the darlings for most of the 1990s, the Czech Republic has attracted the largest ...
For the global custody industry the contrast between this year and last could not be starker—or more heartening. A majority of the custodians covered in our survey last year had seen their custody assets decline or remain static over the ...
Global Finance selects the best in the world. The big international banks make it look easy, sweeping up dollars and euros and various other currencies from remote corners of the world and investing the resulting cash pile in the highestyielding ...
JAPAN Japan’s massive intervention in the foreign exchange market to keep the yen from rising too sharply against the US dollar could be about to end. No one expects the powerful Ministry of Finance to quit cold turkey, but future ...
ARGENTINA Argentine consumers are celebrating their country’s recent economic recovery by going out and spending some hard-earned cash—or at least plastic. Visa, MasterCard and local credit card issuers, who saw credit and debit card sales take a 40% dive in ...
EUROPE Market jitters as a result of the terrorist attacks in Madrid in March failed to knock the European IPO market off course, according to bankers in the region. With pricing due shortly on bellwether deals such as Belgacom’s €3.91 ...
GLOBAL It’s official: Merger madness is back. Preliminary figures for the first quarter of 2004 indicate that this is already shaping up to be a blockbuster year. The dramatic increase in activity may come as a surprise to some. Earlier ...
THE AMERICAS Comcast, the biggest cable-TV operator in the US, made an unsolicited offer to buy Walt Disney, the American entertainment icon, but was swiftly rebuffed by Disney’s board. The $67 billion hostile stock-swap transaction, if successful,would create the biggest ...
SOUTH AFRICA South African companies that find themselves ignored by analysts in developed countries can get noticed by issuing American depositary receipts, bankers say. US and European companies have significantly higher price-to-earnings ratios and a stronger research following than South ...
THE AMERICAS The US dollar rebounded sharply in early March, recording its biggest jump in a year against the euro on expectations of an imminent rate cut by the European Central Bank. When the ECB held its ground, the dollar ...
THE AMERICAS Bond prices soared and yields slumped in early March, as the US employment data surprised market participants once again with a smaller-thanexpected rise in payrolls. “We probably need as many as six months of unequivocally solid labor data ...
UNITED STATES WILL KERRY PICK ANOTHER ALAN FOR THE FED-CHIEF POST? Now that Massachusetts Senator John F. Kerry has all but nailed down the Democratic Party's nomination for president, inquiring minds want to know who he is likely to pick ...