Global news and insight for corporate financial professionals
As regulators and tax collection authorities clamp down on corporate and individual tax abuse, business leaders are finding it harder than ever to know where to draw the line between tax planning and tax evasion. In recent months a great ...
When a country experiences an economic or financial crisis, among the first victims will be companies seeking financing. With a little creativity, though, businesses can overcome even the tightest funding squeeze. As bank credits dry up or become too costly ...
Some of the world’s leading experts on global custody met in New York recently to discuss the challenges facing their industry. Global Finance’s publisher Joseph Giarraputo moderated. Global Finance: What impact have the Patriot Act and Sarbanes- Oxley had on ...
Deal Flow Picks Up in a Market Well on the Road to Recovery Global Finance Award Winners Forecast a Continued Upturn in 2004 The global project finance market has sprung to life this year, following two years that many institutional ...
Surging stock markets and some long-awaited rule changes are making the United States’ underfunded pension funds look healthier. But the improvement may be short-lived. Corporate financial executives are still feeling the heat when it comes to anteing up extra money ...
In the second of a two-part series, Global Finance identifies the Regional and Global Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks, as well as global sub-category winners. GLOBAL SUB-CATEGORY WINNERS Best Corporate/Institutional Integrated Site Best Corporate/Institutional Web Site ...
Letters of credit and open account trading have long been staples of what banks do. Now they’re eyeing up trade services in their bid to build ever-stronger relationships with corporates. “If you look at the entire transaction process from the ...
The global electric power industry is undergoing some sharp changes as the focus switches from developed to emerging markets. If you make your living from the electric power industry, the good news is that worldwide demand over the next three ...
Deal Flow Picks Up in a Market Well on the Road to Recovery Global Finance Award Winners Forecast a Continued Upturn in 2004 The global project finance market has sprung to life this year, following two years that many institutional ...
The global electric power industry is undergoing some sharp changes as the focus switches from developed to emerging markets. If you make your living from the electric power industry, the good news is that worldwide demand over the next three ...
In the second of a two-part series, Global Finance identifies the Regional and Global Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks, as well as global sub-category winners. GLOBAL SUB-CATEGORY WINNERS Best Corporate/Institutional Integrated Site Best Corporate/Institutional Web Site ...
CHINA “A resolution will return Argentina to the financial community and cut its debt-to-GDP ratio to 90% from 150%.” making slow progress in tackling the bad-loan problems at the Big 4 state banks, which have hundreds of billions of dollars ...
ARGENTINA There was a time when investment banks lined up to participate in emerging market debt restructurings that gained them hefty fees. But times are changing, as three top banks—JPMorgan Chase, Citigroup and Deutsche Bank—have withdrawn their bids to advise ...
AZERBAIJAN The International Finance Corporation’s board has approved investments in two related Caspian oilfield and pipeline projects costing approximately $6.8 billion. The projects include the first-phase development of an oilfield off Azerbaijan in the Caspian Sea and the construction of ...
GERMANY Moody’s Investors Service has updated its rating methodology of the Pfandbrief in anticipation of amendments to the German Mortgage Bank Act, which are expected to go into effect in January 2004. The Pfandbrief market, composed of debt secured against ...
When a country experiences an economic or financial crisis, among the first victims will be companies seeking financing. With a little creativity, though, businesses can overcome even the tightest funding squeeze. As bank credits dry up or become too costly ...
Bank of America and FleetBoston Financial agreed to merge in a $47 billion stock-swap deal that will create the second- largest bank in the US based on assets. Citigroup remains the largest US bank, while JPMorgan Chase drops down a ...
THE AMERICAS US corporations are prepaying outstanding bonds and locking in current low interest rates amid signs of strength in the economy, analysts say. The 7.2% rise in US gross domestic product in the third quarter and employment gains in ...
ASIA Taiwan-based Chi Mei Optoelectronics, which produces thin-film transistor, or TFT, liquid crystal displays for flat-screen computers, cell phones and televisions, raised $573 million through offerings of global depositary receipts. The company plans to build three plants in an industrial ...
THE AMERICAS The US dollar’s headlong plunge has suddenly slowed dramatically in response to better-thanexpected reports on the economy, including stabilization of the employment market and a 7.2% rise in third-quarter gross domestic product. The surge in US economic activity, ...
UNITED STATES John M. Youngdahl, a former senior economist at Goldman Sachs, pleaded guilty in November to federal criminal charges, including insider trading based on advance notice of the Treasury’s decision in 2001 to halt the sale of 30-year bonds. ...
UNITED STATES “Greenspan promised to be patient. But his patience run out at a bad time for President Bush.” Alan Greenspan is painting himself into a corner that could lead to a confrontation with the Bush administration as next year’s ...
