Milestones : Europe’s Ipo Market Slumps

EUROPE     Blowout: EDP Renováveis' stock tumbled more than 20% after its IPO With equity capital markets bankers in the Europe, Middle East and Africa (EMEA) market focused on massive rights issues to recapitalize their peers in recent months, ...

Features : Seeking An Energy Boost

COUNTRY REPORT / PORTUGAL     Increased competition from new entrants to the European Union has dealt a severe blow to Portugal’s economy. Tourism and investment in renewable energy are helping it pick up the slack.   Calm before the ...

Milestones : Banks Struggle To Raise Cash

EUROPE               UBS: Its third cash call, this time to investors, was successful.       Almost a year after the US subprime crisis burst onto the wider global stage, Europe’s banks are paying ...

Features : Raising Sepa’s Horizons

CORPORATE TOOLBOX — SEPA Six months after SEPA’s introduction, banks are still trying to devise ways to encourage the businesses they serve to jump aboard. Additional optional services may provide the answer.   The introduction of the euro in January ...

Features : Country Report: Greece

COUNTRY REPORT / GREECE   Steady domestic economic growth and significant inward investment are helping Greece battle the headwinds of a tough global economy.   Buoyed by several booming industries, economic growth rates above the European Union average, strong investment ...

Newsmakers : Ackermann Proposes Global Overseer

  Germany       Ackermann: Global watchdog could prevent market bubbles Deutsche Bank CEO Josef Ackermann suggests that creating a global financial sector watchdog could prevent an encore of the global market storm unleashed by the US subprime crisis. ...

Newsmakers : Airline Aims To Make Friends In High Places

Germany       Hunt: Legacy airlines lock in customers with "bribery" In a move that is clearly aimed at drumming up corporate business, upstart UK-based business-class-only airline Silverjet has rolled out an innovative loyalty program that takes the benefits ...

Features : An Island In The Storm

COUNTRY REPORT / CYPRUS Cyprus is hoping that its recent adoption of the euro will help it better survive—and perhaps even thrive—during the coming global turbulence.     Cyprus is hoping that its recent adoption of the euro will help ...

Features : Country Report: Iceland

EXPANDING HORIZONS ICELAND Iceland is going all out to expand its economy—and the global reach of its banks and corporations.     With a wealthy consumer base that has the sixth-highest per capita GDP in the OECD, 0.8% unemployment, negligible ...

Features : Seeking Out Growth

REGIONAL REPORT / NORDIC BANKING As Nordic banks look further outside their home markets for growth, the rewards—and also the risks—are increasing. Over the past few years, banks in the Nordic region have benefited from highly favorable economic conditions across ...