Global news and insight for corporate financial professionals
NEW YORK, November 22, 2010 – Global Finance magazine has named the "Best Foreign Exchange Banks and Providers" by country, region and category in an exclusive survey to be published in the January 2011 issue. Deutsche Bank was named as ...
READY FOR PRIME TIME By Gordon Platt Trade between emerging market countries is driving a campaign for a new currency order. Future growth of the foreign exchange prime brokerage industry will come from asset managers that are ...
China's trade deficit with the US rose to another record in August, fanning the brush fires that have broken out in the currency markets. Currency issues dominated talks at the annual meetings of the International Monetary Fund and World Bank ...
WHO'S WHO By Gordon Platt Key players in foreign exchange. Jamie Thorsen Executive managing director BMO Capital Markets Jamie Thorsen heads global foreign exchange operations in Canada, the US and Europe for BMO Capital Markets and oversees ...
RALLY CAUSES CONCERN AMONG EXPORTERS By Jonathan Gregson After a year in the doldrums, the euro's rise has caught many by surprise. Europe currently looks like the unintended fall guy amidst the beggar-thy-neighbor round of central bank ...
MILESTONE: EUROPE By Anita Hawser Slow implementation has hindered SEPA With the threat of sovereign defaults in Europe's PIGS (Portugal, Ireland, Greece Spain), the eurozone had its fair share of bad news this summer. As the sovereign and ...
MILESTONES: DUBAI By Laurence Neville New hope: Dubai bourse buoyed by Axiom IPO Nasdaq Dubai has got another roll of the dice with an IPO from local mobile-phone retailer Axiom ticking all the right boxes to generate interest ...
TRAIL BLAZERS By Gordon Platt Trade between emerging market countries is driving a campaign for a new currency order. The Bric countries—Brazil, Russia, India and China—have a combined gross domestic product that is greater than that of ...
CORPORATE FINANCING NEWS - FOREIGN EXCHANGE By Gordon Platt Brazil's finance minister, Guido Mantega, touched a raw nerve when he stated in late September that an international currency war had broken out. It may seem like a war ...
ANNUAL SURVEY: WORLD’S BEST BANKS A selection from Global Finance’s best banks awards from the past year. BEST FOREIGN EXCHANGE PROVIDERS BEST DERIVATIVES PROVIDERS BEST SUB-CUSTODIANS BEST SUB-CUSTODIANS (cont.) BEST ISLAMIC FINANCIAL INSTITUTIONS BEST TREASURY ...
Investor: News By Gordon Platt Hedging currency exposure in illiquid and volatile frontier markets is about to get easier for investment funds focused on microfinance. Cygma Fund, based in Kennett Square, Pennsylvania, is being set up as a ...
A cursory glance through the pages of this month's issue would suggest there is much cause for celebration...
EUROPE'S DEBT PANIC BRINGS DOWN EURO, SPURS DOLLAR RALLY By Gordon Platt Weakness in the euro is contributing to the dollar's recovery, as the search for a safe haven favors the United States, analysts say. The euro fell to a ...
CORPORATE FINANCING NEWS - FOREIGN EXCHANGE By Gordon Platt The world economic recovery may be slowing more rapidly than previously expected, according to the Organization for Economic Cooperation and Development. Growth in the Group of Seven developed economies will slow ...
By Anita Hawser Having survived one of the worst recessions on record, companies understand better than ever that treasury management is important for improved efficiency, whether through tightening their accounts-receivable or accounts-payable processes to unlock working capital or limiting ...
CORPORATE FINANCING NEWS - FOREIGN EXCHANGE By Gordon Platt The Federal Reserve is likely to keep US interest rates at record lows well into next year, enabling global investors to borrow dollars for a song and invest in ...
CORPORATE FINANCING NEWS — FOREIGN EXCHANGE By Gordon Platt The euro fell to a four-year low in early June, dropping to within a whisker of its 1999 introductory rate of $1.18, before suddenly bouncing higher in thin ...
SPOTLIGHT: TRADING UP Technology is revolutionizing foreign exchange trading and providing ever-increasing opportunities in the world’s biggest financial market. By Anita Hawser Electronic trading has revolutionized markets. In the equities markets, algorithmic trading platforms, high-frequency trading and ...
CORPORATE FINANCING NEWS — FOREIGN EXCHANGE GREEK DEBT CRISIS MORPHING INTO EURO PROBLEM By Gordon Platt The nearly $1 trillion plan to defuse Europe's debt crisis headed off speculation in credit default swaps, bank equities and bond ...
STRENGTH IN US ECONOMY PROPELS DOLLAR, AS INTEREST RATE INCREASES DRAW CLOSER By Gordon Platt The dollar has found a new reason to rally. Earlier this year, the greenback benefited from the sovereign risk crisis that focused on ...