Global news and insight for corporate financial professionals
They’ve been called the new European tigers, but many nations in central and eastern Europe have experienced troubled times recently. Now they’re fighting back. Fueled by a surge in inward investment and growing international demand for new opportunities,economies in central ...
Political uncertainty and a slowing privatization plan are threatening to dim Poland’s appeal to foreign investors. Corporate and capital market investors contemplating a leap into central Europe have long looked to Poland as a first port of call. But while ...
Recent political turbulence gave potential investors pause for thought, but conditions in Ukraine are becoming much more investment-friendly. This has been a difficult year for Ukraine. First of all, it ended up in a painful and costly row with Russia ...
Stiff competition from its neighbors and growing deficits are threatening to thwart Hungary’s attempts to attract inward investment, but the country’s development agencies are fighting back. Two years after its historic entry into the European Union (EU), Hungary presents a ...
Corporations are increasingly turning to technology solutions that help them manage risks across the entire organization. The world is changing dramatically, and transparency and management of risks across an organization is absolutely necessary. With more and more responsibility for this ...
Fast Forward Global Finance brought together a group of experts to discuss how global solutions, changing regulations and non-bank providers are transforming treasury and cash management operations. GLOBAL FINANCE: Is it possible or desirable for a corporate to concentrate liquidity ...
In our 13th annual survey of top banking performers in emerging markets, we name those banks that are turning in the best performance for both their shareholders and their customers. Emerging markets continue to present both opportunities and challenges for ...
Some of the world’s poorest countries are about to begin seeing the effects of the $50 billion debt relief package agreed to at last year’s G8 meeting, but many still question if the aid will really make a positive difference. ...
Political uncertainty and a slowing privatization plan are threatening to dim Poland’s appeal to foreign investors. Corporate and capital market investors contemplating a leap into central Europe have long looked to Poland as a first port of call. But while ...
Stiff competition from its neighbors and growing deficits are threatening to thwart Hungary’s attempts to attract inward investment, but the country’s development agencies are fighting back. Two years after its historic entry into the European Union (EU), Hungary presents a ...
Fast Forward Global Finance brought together a group of experts to discuss how global solutions, changing regulations and non-bank providers are transforming treasury and cash management operations. GLOBAL FINANCE: Is it possible or desirable for a corporate to concentrate liquidity ...
Global Wright:Foreign buying is on the rise The urge by foreign-based companies to acquire US technology and management know-how is on the increase once again. Acquisitions of US companies by foreign firms rose 43% in the first three months of ...
DR News Banco Macro Bansud, one of the largest banks in Argentina, received a warm welcome with its recent listing on the New York Stock Exchange. The bank raised $217 million in total proceeds from an offering of American depositary ...
News Dozens of new equity offerings have flooded the Brazilian market, but their performance belies any difficulty in absorbing the heavy supply. In the first quarter of 2006, nearly $4 billion of new issues poured into the Brazilian equity market, ...
Brazil Palocci:His exit roiled markets The possibility that US interest rates might rise is sparking concerns in Brazil that investors may soon be diverting funds away from emerging markets and parking them in the US. Signs that the Fed is ...
Company to Watch: Wimm-Bill-Dann Foods/Russia Moscow-based Wimm-Bill-Dann Foods not only is selling more curds and whey in the capital region, but it also is expanding its dairy, juice, baby-food and bottled-water operations into the Russian provinces. The company was named ...
China China surpassed Japan in February to become the world’s largest holder of foreign exchange reserves, partly as a result of China’s efforts to maintain the yuan’s exchange rate, which is fixed to a basket of currencies. The momentum is ...
India Reliance’s owner, Mukesh Ambani Chevron Corporation picked up a 5% stake in Indian oil and gas company Reliance Petroleum Ltd (RPL), a subsidiary of Reliance Industries, India’s largest private sector company, for $300 million with an option to purchase ...
Russia Khodorkovsky: Attacked in jail The US and Russia edged closer to a deal that could pave the way for Russia to finally join the World Trade Organization, not long after Russian president Vladimir Putin publicly expressed his exasperation with ...
In our 13th annual survey of top banking performers in emerging markets, we name those banks that are turning in the best performance for both their shareholders and their customers. Emerging markets continue to present both opportunities and challenges for ...
Argentina Miceli: Mobbed by investment bankers Argentina once again lured investors with a new dollar-denominated bond issue in March, marking its second attempt to regain investor support since the sovereign’s completion of a contentious $100 billion debt workout in February ...
Global Wright:Foreign buying is on the rise The urge by foreign-based companies to acquire US technology and management know-how is on the increase once again. Acquisitions of US companies by foreign firms rose 43% in the first three months of ...
Global Equity/DRS Global equity and equity-related issuance rose 24% in the first quarter from the same period a year earlier, according to Thomson Financial. The $144 billion raised in the equity capital markets in the first three months of 2006 ...
Will dollar be adjusted while the sun shines? Worries about Asian central banks diversifying their massive reserve holdings out of the dollar and reports of oil-rich Middle Eastern countries boosting their euro holdings have been weighing on the greenback in ...
Cross-Border Acquisitions Facing Growing Interference from Tighter Security Reviews The currently busy market in cross-border mergers and acquisitions could slow significantly if protectionist moves to block such takeovers gain traction under the guise of safeguarding national security and protecting critical ...
Corporate Debt Cash-rich technology companies from California’s Silicon Valley, such as Cisco Systems and Oracle, are borrowing billions of dollars in the US corporate bond market to expand their financing options and pay for acquisitions. Cisco, which had never sold ...
United States Portman accepts his “leading role”on Bush’s economic team Rob Portman, selected by US president George Bush last month to be his budget director, was elected to Congress in 1993 on a platform that called for reduced government spending ...
United States Under fire:Exxon’s ex-CEORaymond It’s not only by chance that America’s biggest company is also its most profitable, earning more than $36 billion last year. And with pay for performance all the rage, it shouldn’t be shocking that ExxonMobil’s ...
Saudi Arabia / Dubai Prince Alwaleed bin Talal Alsaud Not content with saving Citigroup and Euro Disney in the 1990s with multi-million-dollar investments, renowned Saudi Arabian investor Prince Alwaleed bin Talal Alsaud turned his attention closer to home with an ...
Brazil Guido Mantega: Reassuring investors Brazilian finance minister Guido Mantega, sworn in on March 28, is sitting firmly on the proverbial hot seat. His predecessor, Antonio Palocci, was forced to step down amid a corruption scandal. Yet with Palocci credited ...
