Global news and insight for corporate financial professionals
Normal 0 7.8 pt 0 2 false false false MicrosoftInternetExplorer4 After a long quiet spell in the global M&A; business, analysts and bankers are predicting that 2004 will be the year that activity really takes off again. But opinion is ...
ADRs Look Set To Become the Capital-Raising Tool of Choice With interest rates poised to rise later this year, ADRs are expected to supplant convertible bonds as the preferred instrument for emerging-market issuers. Sanjeev Nanavati, managing director of depositary receipt ...
Long renowned for their opaque business practices and disdain for minority shareholders, Asia’s corporations are undergoing a dramatic transformation. They are discovering that good corporate governance is not such a bad thing. When the Enron scandal hit the headlines back ...
New accounting rules covering derivatives and hedging transactions will have profound implications for corporations. They may affect the viability of some common transactions. Rob de Gidlow, treasury consultant for JPMorgan Treasury Services Even before accounting scandals such as Enron unfolded, ...
As custody outsourcing comes of age, it is undergoing a transformation. Rob Mancuso, senior vice president at Investors Bank & Trust Outsourcing in custody is as old as custody itself. After all, the industry developed to meet regulatory requirements to ...
Corporate risk managers are finding their roles are getting bigger and their efforts are more closely monitored. In an era of headline-grabbing financial scandals and greater oversight by regulators, corporate risk managers are finding themselves under more scrutiny than ever ...
Following a few years of depressed activity, the asset finance market is poised for recovery in 2004. How strong that recovery is, though, depends on Washington. “The past couple of years have not been good for the industry,” says John ...
The project finance industry that is emerging from the recent global downturn looks very different than it did in the late 1990s. In recent years project finance banks have had it tough. In 2001 and 2002 the merchant power debacle, ...
Therebounding global economy is creating opportunities for cross-border sales, but only the foolhardy operate without the safety net provided by a good trade banker. Citigroup, through its Banamex subsidiary, was selected to arrange the financing for Aeromexico’s purchase of spare ...
Normal 0 7.8 pt 0 2 false false false MicrosoftInternetExplorer4 After a long quiet spell in the global M&A; business, analysts and bankers are predicting that 2004 will be the year that activity really takes off again. But opinion is ...
ADRs Look Set To Become the Capital-Raising Tool of Choice With interest rates poised to rise later this year, ADRs are expected to supplant convertible bonds as the preferred instrument for emerging-market issuers. Sanjeev Nanavati, managing director of depositary receipt ...
Long renowned for their opaque business practices and disdain for minority shareholders, Asia’s corporations are undergoing a dramatic transformation. They are discovering that good corporate governance is not such a bad thing. When the Enron scandal hit the headlines back ...
The project finance industry that is emerging from the recent global downturn looks very different than it did in the late 1990s. In recent years project finance banks have had it tough. In 2001 and 2002 the merchant power debacle, ...
EMERGING MARKETS “New emerging market issuance will be dominated this year by Brazil, especially Brazilian corporates.” —Christian Stracke, CreditSights —Christian Stracke, CreditSights Emerging market borrowers began the year with a charge to international bond markets, bringing nearly $9 billion in ...
Therebounding global economy is creating opportunities for cross-border sales, but only the foolhardy operate without the safety net provided by a good trade banker. Citigroup, through its Banamex subsidiary, was selected to arrange the financing for Aeromexico’s purchase of spare ...
Following a few years of depressed activity, the asset finance market is poised for recovery in 2004. How strong that recovery is, though, depends on Washington. “The past couple of years have not been good for the industry,” says John ...
UNITED STATES “In his budget for FY 2005 the President promises to close loopholes, halt several abusive tax avoidance transactions, and simplify the tax code.” US President George W. Bush has made a name for himself with his efforts to ...
EMERGING MARKETS “New emerging market issuance will be dominated this year by Brazil, especially Brazilian corporates.” —Christian Stracke, CreditSights —Christian Stracke, CreditSights Emerging market borrowers began the year with a charge to international bond markets, bringing nearly $9 billion in ...
CHINA, JAPAN The Group of 7 finance ministers and central bankers will face some thorny currency issues once again when they meet in sunny Boca Raton, Florida, on February 6 and 7. The G-7’s communiqué of last September may turn ...
THE AMERICAS A favorable confluence of economic factors is expected to keep credit spreads tight in 2004, analysts say. Corporate bonds outperformed US Treasury bonds by more than 500 basis points last year, thanks to an improvement in credit quality ...
THE AMERICAS Despite expectations of strong US economic growth throughout 2004, analysts are nearly uniformly bearish on the dollar, which dropped to record lows against the euro in January. “The economy will be strong enough to keep the trade deficit ...
THE AMERICAS Houston-based El Paso, the leading provider of natural gas services in the US, agreed to sell its controlling interest in GulfTerra Energy Partners to raise cash as part of a broader restructuring effort to cut its debt. El ...
THE AMERICAS Improving global growth prospects and a sinking dollar are enticing US investors to ship more of their investment dollars abroad, with much of that money going into American depositary receipts, analysts say. According to the latest data available ...
UNITED STATES “In his budget for FY 2005 the President promises to close loopholes, halt several abusive tax avoidance transactions, and simplify the tax code.” US President George W. Bush has made a name for himself with his efforts to ...
