Global news and insight for corporate financial professionals
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt After declining sharply in 2012, initial public offerings could stage a turnround in the new year, say analysts, with China and Latin America leading the issuance. The ...
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The yen took a nasty tumble last month, shaking the sleepy foreign exchange market out of a long slumber. While the attention of market participants was focused on the ...
NEWSMAKERS: EUROPE/INDONESIA By Udayan Gupta Nathaniel Rothschild’s Indonesian mining deal in 2010 was seen as a portent of how such cross-border deals could be done. Rothschild (L) and Bakrie CEO Bobby Umar in happier days Thirty ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Pent-up demand following a shutdown for Hurricane Sandy combined with near-record-low interest rates to release a torrent of new corporate bond issues in early November. AbbVie, the pharmaceutical unit of Abbott ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt The Asian markets accounted for 76% of global funds raised in initial public offerings in the third quarter of 2012, and there are more than 200 Asian companies in ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Mobile telecom service providers are making a mad dash for broadband spectrum by acquiring competitors, in a modern-day version of the Oklahoma land rush of 1889. T-Mobile USA, owned ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS By Gordon Platt Sberbank, Russia’s largest bank, raised $5 billion in a secondary share sale in London and Moscow in September that had been delayed for more than a year because of unfavorable ...
IDENTITY CRISIS By Udayan Gupta As stock exchanges worldwide try to figure out their role going forward in corporate equity and equity capital raising, companies are starting to question whether there is still value in a public listing. ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt A proposed $45 billion merger of European aerospace group EADS with UK defense operator BAE Systems fell apart last month just ahead of a regulatory deadline to close the deal. ...
MILESTONES: GLOBAL Laurence Neville The global M&A market is moribund: Activity is just a third of the level of five years ago. Skipper, Hogan Lovells: Economic uncertainty is the key barrier to investment Yet, companies are awash with ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Corporate debt issuance soared and yields on high-yield as well as investment-grade bonds fell to record lows in September after the European Central Bank (ECB) and the US Federal Reserve ...
ECONOMIC CHEMOTHERAPY By Udayan Gupta Global Finance sat down with economist Robert Brusca, head of consultancy FAO Economics, to discuss the global outlook, the future of Greece and the problem with current-account surpluses and deficits. Brusca has been ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Despite a decline in global mergers and acquisitions valuations in the first half of 2012, a recent uptick in technology and Asia-Pacific deal values provides some hope for a revival ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Global investors are creeping further out on thin ice to capture the higher yields available on bonds issued by companies in emerging markets (EM). Analysts caution that many of the ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt Santander, the eurozone’s biggest bank by market value, said it would issue up to $4.3 billion of shares in an initial public offering of up to 24.9% of its ...
MILESTONES: GLOBAL By Paula Green Corporate financial executives with cash to burn are turning up the heat on merger and acquisition activity in offshore financial locales around the globe. M&A deals are on the rise in Mauritius The value ...
TO HAVE AND TO HOLD By Rebecca Brace Corporates are hoarding record levels of cash, but with counterparty risk increasing in the banking sector, FDIC coverage changing and money market funds looking risky, where can they park their ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Community Health Systems, one of the largest hospital companies in the US, refinanced $2.8 billion of its high-yield debt in July and August, taking advantage of low interest rates and ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt The global pipeline of initial public offerings has reached near-record levels, but IPO issuance and proceeds declined substantially in the second quarter of 2012. Deal activity declined ...
DEMAND WHERE WILL IT COME FROM? By Laurence Neville The worldwide call for public, private and corporate debt reduction raises the question of where spending and demand will come from going forward. Particularly now, as emerging markets stars—such ...