Global news and insight for corporate financial professionals
Far from collapsing under the weight of the recent financial crisis, the biggest emerging markets are powering the next wave of global growth. By Laurence Neville In its July World Economic Update,the International Monetary Fund said that the ...
Economic Update Central Asia The former Soviet republics of Central Asia are undergoing dramatic and sometimes painful change as they attempt to modernize their economies and to exploit their vast reserves of natural resources. By Paula L. Green ...
Businesses, banks and governments are working together to create financing tools to fund the green revolution. By Paula L. Green Cajoled, prodded and pushed by presidents, regulators, legislators and international diplomats, multinationals are slowly realizing the time has ...
DOWN BUT NOT OUT Central and Eastern Europe was arguably the region hit hardest by the global downturn. It’s still suffering, but hopeful signs are clearly emerging. By Justin Keay It wasn’t meant to be like this. ...
Spotlight State-Run Banks In the wake of the global crisis in the banking sector, governments that have become sole or partial owners of troubled banks are contemplating their options. By Nick Kochan The future of many of ...
PIONEERS GO MOBILE In the first of a two-part series, Global Finance identifies the best online corporate and consumer banks by country and regionally by product or service category. By Adam Rombel Much of the past year ...
Roundup By Antonio Guerrero Ghana looks to diversify exports beyond cocoa After years of seeing foreign investors flee amid a plummeting economy and political upheaval, Zimbabwe may be about to reverse the outflow with its impending privatization ...
Roundup By Antonio Guerrero Brazil’s president, Lula da Silva, tours a Petrobras facility The US Export-Import Bank agreed to provide Brazil with some $10 billion in financing to develop the Petrobras state-controlled oil company’s offshore pre-salt oil reserves. ...
Roundup By Thomas Clouse China’s property boom defies the recessio n China exceeded expectations across a variety of economic indicators in recent weeks, boosting hopes that the world’s third largest economy may have successfully weathered the global economic ...
Roundup By Antonio Guerrero Growth drive: India’s auto sector is thriving The US government has committed $2.45 billion for Indian borrowers through the US Export-Import Bank’s India Infrastructure Facility. Funds will be used for medium- and long-term dollar ...
DR News Indian Companies Tap Rising Foreign Appetite for Shares Indian companies seeking funds for expansion or to retire debt are tapping into a growing foreign appetite for their shares. Tata Steel raised $500 million on the London ...
Roundup By Gordon Platt Saudi will assemble next generation Eurofighter planes The return of economic confidence in the Gulf Cooperation Council (GCC) countries is evident in the awarding of major new contracts and invitations for bidding on future ...
Company To Watch: Jiangxi Copper/China Rise in Copper Prices Puts Shine on Chinese Producer Jiangxi Copper, based in Guixi City in China’s inland Jiangxi Province, is the country’s largest producer of the red metal. It owns all five ...
Roundup By Kim Iskyan On a lighter note: Medvedev and Obama share a joke In its 2010-12 draft federal budget, announced in late July, the Russian government calls for spending cuts, on the back of sharply reduced revenue expectations. ...
News Russian Retailers’ Stocks Selling At Steep Discount As a big emerging market, Russia offers opportunities for growth in the consumer sector, analysts say. For investors willing to look beyond the major oil stocks, which already have risen ...
STRENGTHENING TIES Higher cost of credit and tighter credit conditions are prompting corporates to review all their banking interactions. By Denise Bedell It has always been a priority for corporates to manage their share of wallet effectively. ...
PAPERLESS PAYMENTS TAKE OFF Paperless invoicing is gaining popularity as efforts to create standardized processes gather momentum. By Anita Hawser Electronic invoicing (e-invoicing) may have gone through peaks and troughs over the past decade or so when ...
A WHOLE NEW BALL GAME Businesses need to develop a new range of tools if they want to achieve truly holistic risk management. By Denise Bedell The world of risk management has changed drastically as a result ...
By Anita Hawser Europe Editor anita@gfinance.co.uk A lot of the traditional services cash management banks provided to their customers in the lead-up to the financial crisis around collections, liquidity, risk and working capital management are featuring more prominently ...
WHO’S WHO IN TREASURY AND CASH MANAGEMENT Robert Allen – Group Treasurer British American Tobacco Robert Allen was appointed group treasurer effective June 2008. Based in London, Allen works with a team of 20 professionals across the BAT ...
A TOUGH ROAD AHEAD Spain’s banks and savings institutions are still reeling from the collapse of the country’s housing market. By Antonio Guerrero With Spain experiencing its deepest recession in 60 years, its banking sector stands at ...
GLOBAL By Anita Hawser Shut down: Many businesses are still pessimistic Banks’ investment banking businesses are making money again and the better-than-expected US non-farm payrolls in July took the markets by surprise. But questions remain over whether ...
GLOBAL By Laurence Neville Perking up: The US market is showing signs of revival Six months after global equity markets began a remarkable rally and a year since the global financial system almost collapsed, the IPO is back ...
Global Equity/DRs By Gordon Platt China opened the floodgates to new share offerings in June, releasing a torrent of initial public offerings to help soak up excess liquidityand cool an overheating stock market. The removal of the government’s ...
Corporate Debt By Gordon Platt The interest rate spreads on corporate bonds to US treasury securities narrowed in July to levels that existed before Lehman Brothers filed for bankruptcy protection in September 2008, as investors increased their risk-taking ...
Foreign Exchange By Gordon Platt Calls for a super-sovereign reserve currency to replace the dollar are going nowhere fast. The Teflon dollar is brushing off everything thrown at it by the BRIC countries (Brazil, Russia, India and China), ...
MERGERS & ACQUISITIONS By Gordon Platt The statistics on global dealmaking activity show no signs of improvement, despite some recent easing of the credit crisis and widespread opportunities for investment in distressed sectors. The value of worldwide mergers ...
UNITED STATES By Gordon Platt Bisson: Banks are too reliant on stock options The populist uprising against paying big bonuses to top executives of banks bailed out with taxpayer money is in large part warranted, according to a ...
UNITED STATES/CHINA By Gordon Platt Kirk: Facing key decision on trade barriers US Trade Representative Ron Kirk hailed the World Trade Organization’s dispute panel’s ruling in August against China’s system of importing and distributing books, magazines, films, DVDs, ...
