Global news and insight for corporate financial professionals
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Canada's prime minister, Stephen Harper, returned from his second official trip to China in February and announced that Beijing would lend two giant pandas, Er Shun and Ji Li, ...
REWARDING RISK By Udayan Gupta Edward Mathias is a member of the board of directors and a managing director and partner of the Carlyle Group, the global alternative asset management firm. He was instrumental in founding the group and ...
WILD RIDE By Justin Keay Mark Mobius, executive chairman of Templeton Emerging Markets Group, launched the first Templeton Emerging Markets Fund 25 years ago. In May, Templeton Emerging Markets Group launched its latest emerging markets fund, the Templeton Africa ...
CONTINENTAL DIVIDE... By Laurence Neville There is a famous quote by British novelist LP Hartley that goes, "The past is a foreign country: They do things differently there." If this is so, then 1987—when Global Finance was launched—is ...
TOOLS FOR MANAGING RISK, OR WEAPONS OF MASS DESTRUCTION? By Gordon Platt As companies looked to hedge their risks, a new asset class, derivatives, was born in the 1980s. But over the years a number of substantial losses ...
GRAVITATIONAL PULL By Michael Shari A British veteran of Merrill Lynch, Charles Beazley became chairman and CEO of Nikko Asset Management, which is majority owned by Sumitomo Mitsui Trust, in March. Headquartered in Tokyo, Nikko AM manages $158 billion ...
EVOLUTION By Laurence Neville Perhaps the defining characteristic of 2012—in contrast to 1987 when Global Finance launched—is the interconnectedness of the world. Globalization spreads ideas and connects markets Those in the US now have more in common with ...
STORMY WEATHER By Gordon Platt When volume 1, number 1 of Global Finance arrived at the airport in London on October 15, 1987, it could not immediately be offloaded. The precious cargo was needed as ballast in the airplane ...
SUCCESSORS By Justin Keay Who would have predicted back in 1987 that Apple would today be one of the world's most dynamic and innovative companies? And Google, which emerged from nowhere back in 1998 but now dominates much more ...
TRADING SIZE FOR VALUE By Gordon Platt Some of the biggest mergers in recent history—AOL and Time Warner, Vodafone and Mannesmann—show that such marriages aren't always made in heaven. Dealmakers are now staring down a much smaller deal ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Japanese trading company Marubeni placed a large bet that China's demand for imported corn will continue to grow. Marubeni will buy US grain merchant Gavilon for $5.6 billion, including $2 ...
STRONG IPO FOR MALAYSIA'S FELDA By Gordon Platt Malaysian palm-oil producer Felda Global Ventures priced its $3.1 billion initial public offering near the top of its indicative range on June 13, amid strong demand from investors, who are ...
NO MORE SPECIAL RELATIONSHIPS By Paula Green Global Finance sat down with Jan Stuart, managing director, head of energy commodity research, fixed income, at Credit Suisse in New York, to get his perspective on the global economy and ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Inmet Mining, a global mining company based in Toronto, placed $1.5 billion of senior notes in the US high-yield debt market to fund a copper-mining project in Panama, in which ...
FIRST IPO BY A BRAZILIAN INVESTMENT BANK By Antonio Guerrero BTG Pactual launched the first IPO by a Brazilian investment bank in April, with its $2 billion IPO on the São Paulo Stock Exchange and simultaneous depositary receipts listing ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Indonesia’s central bank said it will wait until new bank-ownership rules are in place to consider Singaporean banking outfit DBS Group’s $7.2 billion takeover bid for Bank Danamon Indonesia. Indonesia ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Houston pipeline company EP Energy sold $2.75 billion of debt in the high-yield private placement market to fund its buyout by a group of private equity firms led by Apollo Global ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt Investor caution and market-specific issues, such as the presidential election in Russia, put a damper on equity capital raised in the form of depositary receipts in the first quarter ...
HSBC ISSUES FIRST RENMINBI BOND OUT OF LONDON By Thomas Clouse HSBC issued the first renminbi-denominated bond out of London in April. The RMB1 billion, ($160 million) three-year bond was launched from the bank’s syndication desk in London. ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Federal Reserve chairman Ben Bernanke said recently that improvements in the US labor market might not be sustained because of weak economic growth and signaled that the Fed was likely to ...