Global news and insight for corporate financial professionals
After a decade of tumultuous upheavals in the 1990s, the currency markets in the 21st century have been remarkably calm. They might not stay that way for long. If there is a single decade when currencies and foreign exchange were ...
Despite four years of steady decline, the potential for the dollar to crumble is as great as ever. October 19, 1987, was the worst day ever on Wall Street, at least in terms of market losses. The Dow Jones industrial ...
Automated trading systems are helping fuel dramatic growth in the already-huge foreign exchange market. The growth of the foreign exchange market over the past two decades has been astonishing by almost any measure. When the Bank for International Settlements, based ...
Global Finance selects the leaders in the world’s biggest financial market. With an estimated $3 trillion changing hands on a daily basis, the foreign exchange market is by far the biggest market in the world. Cross-border capital and trade flows ...
Canada Shrugs Off Us Market Jitters With strong macro fundamentals and limited impact as yet from the slowing US economy, most analysts see strong prospects for Canada in the coming year The Canadian market, although subject to the cyclical nature ...
TREASURY & CASH MANAGEMENT Global Finance brought together some of the leading figures in the treasury and cash management field to discuss current and future trends in their industry. GLOBAL FINANCE: Direct corporate access to SWIFT has been approved and ...
THE COST OF COMPLIANCE TALKING POINTS / REGULATION Stung by a barrage of complaints that its businesses are over-regulated, the US is considering amending the more controversial sections of Sarbanes-Oxley. When House Financial Services Committee chairman Michael Oxley and Senator ...
GENTLY DOES IT COUNTRY REPORT / MEXICO Investors are generally optimistic about the outlook in Mexico under new president Felipe Calderón. He faces plenty of challenges, but Mexico’s newly elected president, Felipe Calderón, might just be the right man to ...
After a decade of tumultuous upheavals in the 1990s, the currency markets in the 21st century have been remarkably calm. They might not stay that way for long. If there is a single decade when currencies and foreign exchange were ...
GLOBAL Makoto Hosomi: Japanese companies will benefit, too Although the Doha round of world trade talks may have failed to achieve multilateral trade liberalization, it is fair to say that international trade flows have altered dramatically in the past decade ...
FOREIGN EXCHANGE The dollar faces the prospect of further losses in 2007, particularly if growth in the US economy slows significantly, analysts say. While interest rates are likely to rise in Europe and Japan, where economic growth is picking up, ...
BRAZIL Henrique de Campos Meirelles The Brazilian government continues to take advantage of favorable market conditions to issue real-denominated paper. The sovereign again reopened its real-denominated global bond issue in early December, selling an additional $346 million worth of the ...
RUSSIA Litvinenko: Death triggered accusations Just weeks after the assassinations of the number-two official at Russia’s central bank and of a prominent crusading journalist, the Kremlin has found itself accused of orchestrating yet another killing. As the affair took on ...
INDIA Expanding: Wal-Mart takes on India Airbus Industries unveiled its investment plan for India that it projects will help it capture 50% of the incremental demand for aircraft from India’s rapidly expanding airline and freight industry. The amount will be ...
CHINA Bernanke and Paulson: Leading visit China’s domestically listed stocks approached record highs in early December after Shang Fulin, chairman of China’s stock market regulator, indicated that channels for foreign investment will be further opened. The benchmark Shanghai Composite index ...
Global Finance selects the leaders in the world’s biggest financial market. With an estimated $3 trillion changing hands on a daily basis, the foreign exchange market is by far the biggest market in the world. Cross-border capital and trade flows ...
UNITED STATES Wuffli: Initiative will complement other discussions taking place Reflecting the growing anxiety over the complexity and inconsistency of various global regulatory frameworks, a group of financial heavyweights has joined forces in an attempt to streamline global regulation. Under ...
EUROPE Fox: Expects continued growth in “green” spending While Europe’s companies are commonly thought to lead the world in corporate social responsibility (CSR), many companies there are still proving slow to wake up to the benefits of behaving responsibly, a ...
GLOBAL Makoto Hosomi: Japanese companies will benefit, too Although the Doha round of world trade talks may have failed to achieve multilateral trade liberalization, it is fair to say that international trade flows have altered dramatically in the past decade ...
RUSSIA Sakhalin-2: Project is weighed down with a host of problems After a drawn-out scuffle, the story of Royal Dutch Shell and Russian state-owned oil company Gazprom is finally reaching a close, with Gazprom getting rights to a minimum 50% ...
GLOBAL EQUITY/DRS The Hong Kong Stock Exchange is giving London and New York a run for the money as the world’s largest venue for new listings, thanks to privatizations of China’s big state-owned banks and industrial companies. Hong Kong’s exchange ...
FOREIGN EXCHANGE The dollar faces the prospect of further losses in 2007, particularly if growth in the US economy slows significantly, analysts say. While interest rates are likely to rise in Europe and Japan, where economic growth is picking up, ...
CORPORATE DEBT Taking advantage of strong demand for debt securities that can be exchanged for shares, Ford Motor sold $4.5 billion of convertible bonds in December, which was some 50% more than it originally intended to offer. The issue was ...
MERGERS & ACQUISITIONS Cross-border mergers and acquisitions originating from US-based buyers reached a record $187.4 billion in the year-to-date period through December 12, 2006, an increase of 20% from the same period a year earlier, according to Dealogic. The United ...
ECUADOR Rafael Correa: Setting off on the wrong foot with investors As Ecuador’s new political leaders take the country’s helm, the focus of many people outside the country will be on the new president, Rafael Correa, who sailed to victory ...
UNITED STATES/CHINA Shaking the hand that feeds: Paulson meets Chinese premier Wen Jiabao As the year drew to a close, the US treasury secretary Henry Paulson was roundly criticized in the American media for the seemingly skimpy progress made in ...
DR NEWS Oil and Gas Development Company, or OGDC, raised $813 million in the biggest international share offering in more than a decade by a Pakistan-based company. OGDC, Pakistan’s largest petroleum exploration and production company, listed its global depositary shares ...
NEWS The International Finance Corporation, the private sector arm of the World Bank Group, issued a CFA franc-denominated bond last month to encourage the opening of the West African bond markets. “IFC expects to follow this bond issue with structured ...
COMPANY TO WATCH: TELKOM/INDONESIA Telkom, Indonesia’s largest phone company, has thrived despite the government’s decision in 2002 to end its monopoly on fixed-line services. Telkom has expanded into the voice-over-Internet international arena and holds a 65% stake in Telkomsel, the ...
