Global news and insight for corporate financial professionals
Latin America There is no longer any doubt that Venezuelan president Hugo Chávez’s “Bolivarian Revolution” is having a significant economic and political impact on Latin America. The question now is, Will it last? It’s 11 o’clock in the ...
Regional Report / Gcc High oil prices keep the ball rolling, as the Gulf region’s economic growth momentum carries it through a rough patch in the stock markets. Kingdom Tower Riyadh: As capital spending rises, ...
Regional Report / Gcc Shariah structures and returns are appealing to a growing range of international investors. Dubai boasts the biggest exchange in the world for sukuk listings Islamic finance was designed for Muslim investors who want ...
Regional Report / Gcc Competition for talent in the banking industry is driving up costs as demand for financial services expands. El-Labban: Talent is more likely to join or stay on at a growing bank As ...
CUSTODY & INVESTORS’ SERVICES Over the past three decades, the global custody and investors’ services industry has facilitated some of the most dramatic and far-reaching changes in the global financial services landscape. More than 30 years ago Chase Manhattan bank ...
TRANSITION MANAGEMENT Increasingly sophisticated clients are demanding ever higher standards from their transition management teams. Citi's Tim Wilkinson Complex portfolio alterations require specialist knowledge across numerous fields, and pension funds, asset managers and insurance firms are increasingly looking for ...
Hotels, airlines & airports Tightened budgets and new technology have triggered a wave of innovation in the business travel industry. Take-off: Business-only airlines such as Silverjet are hoping to change the face of corporate travel The business ...
ANNUAL SURVEY Global Finance honors the often-hidden providers of the specialized services that make cross-border investing possible. As institutional investors increasingly venture into foreign markets to obtain diversification and higher returns, they rely on global custodians for a wide range ...
India Up, up and away: Air India's fundraising spree finances expansion of its fleet Air India, which is owned by the Indian government and is also the largest Indian air carrier, has begun the process to raise $1.5 ...
News The value of trading in emerging markets fixed-income instruments totaled $1.7 trillion in the first quarter of 2007, an increase of 4% from the same period a year earlier, according to EMTA, formerly the Emerging Markets Traders ...
China China will further open its financial sector following the second Strategic Economic Dialogue in Washington, DC, in May. As a result of the meeting, China will ease restrictions on foreign securities firms, allow foreign banks to issue ...
Brazil Beefing up: Brazilian meat producer JBS is set to buy the US's Swift Following a spate of local IPOs by Brazil's main meat processing companies, sector players are now engaged in an acquisitions spree to expand their ...
Dr news Russia’s state-controlled Vneshtorgbank (VTB) raised nearly $8 billion in its sale of a 22.5% stake in the company, making it Russia’s seventh-largest company by market capitalization. VTB selected The Bank of New York as the depositary ...
Company to watch: china mobile/china Hong Kong-based China Mobile is the largest mobile telecom services provider in China, with more than 300 million subscribers and a market share of 67.5%. In June the company placed a $1 billion ...
Russia Russia's Vladimir Putin at the recent G-8 summit Relations between Russia and the West plunged to fresh post-Cold War lows, as the planned US missile shield in the Czech Republic, the investigation of the death of Alexander ...
Country Report / Malaysia With the South Johor development region opening up and the banking market on the verge of full liberalization, Malaysia presents growing opportunities for investment. Malaysia's capital, Kuala Lumpur After decades of being wary ...
United states Most companies take out some form of professional indemnity, liability and business insurance, but the latest addition to companies’ insurance portfolios is property terrorism insurance. Such products are becoming increasingly prevalent among larger to mid-size US ...
Global London: The "epicenter of world commerce" London is perhaps best known for major tourist attractions such as Buckingham Palace, Tower Bridge and Madame Tussaud’s, but now it has a new moniker as the epicenter of commerce globally, ...
Global equity/drs China-based manufacturers of products that convert the sun’s rays to electricity are raising growing sums of money on Wall Street to expand their production facilities to meet expanding demand for alternative energy in the face of ...
Foreign exchange Prospects for a Federal Reserve interest rate cut later this year have given way to worries that the Fed’s tightening cycle may not be over. With the outlook for monetary policy playing a large part in ...
Corporate financing news / corporate debt Corporations based in emerging market countries have increased their global borrowing substantially in recent years, putting themselves at risk to a sudden shift in investor sentiment and a turn in the global ...
Mergers & acquisitions Milan-based UniCredito Italiano’s agreement to merge with Rome-based bank Capitalia in a stock-swap transaction valued at $29.5 billion has widened Europe’s lead over the United States in announced M&A; activity so far this year. Thanks ...
France Louis Gallois: Delivering good news Louis Gallois, president and CEO of Airbus, was all smiles at the Paris Air Show last month. Europe’s leading commercial aircraft manufacturer had some good news to announce—deals worth more than $40 ...
United states Patrick Taylor: No "perfect solution" for fraud prevention Five years ago, in the wake of the Enron and WorldCom scandals, Sarbanes-Oxley (SOX) was enacted to prevent financial fraud. However, a recent survey of more than 80 ...
