Global news and insight for corporate financial professionals
Project Finance Activity Reaches Fever Pitch Changing Times, New Techniques Christophe Rousseau, BNP Paribas “Project finance structures worldwide are becoming more and more aggressive,” Thornton says. The Chicago Skyway project, for example, which involves a $1.8 billion long-term lease of ...
Project Finance Activity Reaches Fever Pitch Middle East Boosts Financing Boom Christopher Hasty, Citigroup Project financing consists of financing assets on a long-term basis and, as such, is similar to long-term lending. Repayment of the debt is accomplished by the ...
The project finance industry had a banner year in 2004. This year looks set to be even better. As activity in the project finance industry picks up, a handful of global banks are jostling to lead the market, while a ...
Project Finance Activity Reaches Fever Pitch US Power Market Lags Behind Jeff Thornton, Royal Bank of Scotland Meanwhile, there are more than 40 LNG projects in the pipeline in the US, including a handful that already have been approved by ...
Kazakhstan has immense energy reserves, but its government is determined to diversify the country’s economy. Its efforts are bearing fruit—slowly. With enormous untapped fossil fuel reserves and several major oil and gas projects set to begin operation over the next ...
As the full demands of complying with Sarbanes-Oxley become clear, companies are increasingly calling for help to rein in the costs. Thomas Bergqvist, Trema Group It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act—that sweeping ...
As the full demands of complying with Sarbanes-Oxley become clear, companies are increasingly calling for help to rein in the costs. Thomas Bergqvist, Trema Group It’s only a three-sentence section tucked inside the 64 pages of the Sarbanes-Oxley Act—that sweeping ...
Branching Out Kazakhstan has immense energy reserves, but its government is determined to diversify the country’s economy. Its efforts are bearing fruit—slowly. With enormous untapped fossil fuel reserves and several major oil and gas projects set to begin operation over ...
Long considered one of the less dynamic areas of global finance, the global custody industry is increasingly moving to the forefront of product and process innovation. Burgeoning investor interest in emerging markets and in alternative investment classes, for example, is ...
Insurers are getting more involved in helping their corporate clients understand the risks they face. Just four years ago insurance was a necessity rather than a dynamic component of a company’s business strategy—a determinedly unsexy but essential part of operations. ...
Insurers Seek New Role In A Changing World Insurers are getting more involved in helping their corporate clients understand the risks they face. Just four years ago insurance was a necessity rather than a dynamic component of a company’s business ...
Best Developed Market Banks Global Finance unveils its annual list of the best banks in developed markets around the world. Best Developed Market Banks North America Bermuda Butterfield Bank Canada Scotiabank United States Citigroup Europe Austria Erste Bank Belgium Fortis ...
At a recent meeting in Istanbul, Global Finance brought together some of the key figures in Turkey’s banking and finance industry to discuss the country’s prospects. Global Finance: Will recent improvements in Turkey’s economic fortunes prove sustainable in the long ...
Long considered one of the less dynamic areas of global finance, the global custody industry is increasingly moving to the forefront of product and process innovation. Burgeoning investor interest in emerging markets and in alternative investment classes, for example, is ...
At a recent meeting in Istanbul, Global Finance brought together some of the key figures in Turkey’s banking and finance industry to discuss the country’s prospects. Global Finance: Will recent improvements in Turkey’s economic fortunes prove sustainable in the long ...
Global Finance unveils its annual list of the best banks in developed markets around the world. Revenues are rising, profits are up, prospects for growth are improving, and new opportunities are blossoming around the world. For the world乫s top developed ...
China Donald Tsang Donald Tsang, currently Hong Kong’s chief secretary for administration, is favored to take over as chief executive of the former British colony following Tung Chee-Hwa’s resignation from the top job on March 10. Tsang will fill the ...
Brazil Brazil’s central bank president Henrique Meirelles The Brazilian government may have put itself in a Catch-22 situation, as it fights inflation through interest rate hikes but chills domestic demand and cools economic growth prospects. While Brazil’s hyperinflation of the ...
Pension Performer Coskun Ulusoy The Oyak (Ordu Yardimlasma Kurumu) Group, Turkey’s first and largest private pension fund, has built itself up to become the country’s third-largest industry conglomerate behind the family-owned Koc and Sabanci groups. Described by some observers as ...
Russia Troubled times: Putin’s summit with Bush was a disappointment It seems that the so-called Yukos affair just won’t lie down. Now, on the domestic Russian front, a messy struggle has broken out between governmentowned oil company Rosneft and government-owned ...
DR News Cole-Fontayn Debt instruments such as convertible bonds and securitization are growing forms of investment in emerging markets, says Michael Cole-Fontayn, managing director, global issuer services, The Bank of New York. But, Cole-Fontayn says, depositary receipts are still the ...
India Narendra Patni, CEO, Patni Computers The McGraw-Hill Companies (MHC) made a long-awaited move and announced an intention to acquire a 55.67% stake in CRISIL, India’s leading credit rating agency, through S&P; LLC, its wholly owned subsidiary. MHC currently owns ...
News In EU accession countries such as Turkey, eurobond sovereign order books are being met with strong investor interest. “The pull towards EU membership is going to make Turkey increasingly attractive,” says Martin Hibbert, managing director, Deutsche Bank. Turkey’s recent ...
Global Finance unveils its annual list of the best banks in developed markets around the world. Revenues are rising, profits are up, prospects for growth are improving, and new opportunities are blossoming around the world. For the world乫s top developed ...
China The People’s Bank of China introduced new tightening measures to cool the property market last month, as the economy showed no sign of slowing and investment growth continued well above the government’s target. The central bank increased the five-year ...
Unitd States The US Treasury International Capital Systems, or TICS, report has become one of the most closely followed monthly data series in the financial markets at a time when many investors are worried about funding the current account deficit. ...
Samurai, Kangaroo Bonds Hopping Ford Motor Credit sold more than $1.5 billion of three-year samurai bonds in Tokyo in February, its biggest-ever sale of yen-denominated bonds in a single issue. The US company paid a coupon of 1.71%, or a ...
Asian Central Banks May Tilt US Yield Curve The Japanese, Chinese, South Korean and other Asian central banks have made it clear that they have no intention of dumping dollar-denominated securities and undermining the value of their massive reserve holdings. ...
Israeli Companies List On London Exchange When Frutarom Industries, an Israel-based producer of flavors and ingredients for food and beverages, launched its initial public offering in February, it chose to list its global depositary receipts on the London Stock Exchange ...
As European Companies Restructure, They Find Americans at the Gate. The European private equity market is growing rapidly, as US buyout firms seize opportunities to help restructure corporate Europe. The value of mergers and acquisitions in Europe that were financed ...
Japan Sir Howard Stringer, the Welsh-born head of Sony America, has been named chairman and CEO of the Japanese parent company. The gaijin CEO, rare in Japan and a first for Sony, may implement some drastic turnaround measures that would ...
Colombia Finance minister Alberto Carrasquilla of Colombia has pulled out all the stops to keep the country’s currency from rising against the slumping dollar. Sadly, nothing seems to work. The peso rose 16% last year, making it one of the ...
