INDIAThe Indian government is moving to liberalize rules that govern foreign investment in India. The government intends to ease regulations that compel a foreign company with a joint venture in India to seek the federal government's permission to set...
As many people die from preventable causes every week in Africa as died in the recent tsunami. Now, however, Southern Africa's struggling nations have reason to hope.As the true extent of the devastation wrought by the recent Indian Ocean tsunami became...
Stronger equity valuations fail to float many US pension plans that had found themselves under water.Corporate pension plans will no doubt be handing their chief financial officers some sleepless nights this year as the financially troubled plans start...
An increasing focus on corporate expenditure and on transparency is bringing a renewed focus on the potential benefits of corporate credit cards and purchasing cards.In sharp contrast to the consumer world, commercial cards are not necessarily equated...
BRAZILBrazilian President Luiz Inácio Lula da Silva is feeling the heat from political opponents, as his ruling coalition begins to unravel. The decision by the PMDB Party to leave the government last December dealt a severe blow to the administration's...
Changes in clients' needs are driving global custodians beyond their traditional rolesFor almost a decade consolidation and the drive to reduce costs has characterized the global custody business. As investment and money managers embrace new markets...
LATIN AMERICAThe US dollar may once have been the currency of choice for Latin American debt issuers eager to fill their coffers with the hard currency. But with the greenback turning soft, the region's issuers are beginning to issue debt abroad in their...
The dollar's rally in early January reflected optimism about the United States economy and the prospect for higher interest rates, as well as year-end repositioning in the greenback by market participants, analysts say."We believe that this dollar correction...
Customers and competitors may be among the biggest winners after Oracle seals the deal to acquire PeopleSoft.It took more than 18 months to complete and will go down as one of the most acrimonious mergers in recent history, but Larry Ellisons Oracle...
CORPORATE FINANCING FOCUSInitial public offerings from Latin America are heating up, but companies based in the developing nations of Asia are likely to once again be the biggest issuers of depositary receipts to raise equity capital this year, bankers...
FRANCEIs Euro Disney about to recover after three years of malaise? The Paris, France-based theme park-by far the largest m Europe-believes a forthcoming restructuring and fundraising will set it on its way. Investors might not be cheering just yet,...
ARGENTINAAmong international bondholders, Argentine President Nestor Kirchner has made few friends recently. After all, Kirchner has asked bondholders to take a 70% loss on their Argentine holdings and has turned a deaf ear to their pleas for a less...
RUSSIAAn exceptionally long holiday slumber-with an official New Year's break that extended from January 1 through January 10-in Russia was preceded by a final chapter in the so-called Yukos affair. On December 19 the company's main asset, production...
LIBYAColonel Muammar al-Qaddafi, Libya's flamboyant leader since a 1969 coup, did his country a big favor when he came in from the cold last year. By ingratiating himself with the West and agreeing to dismantle Libya's weapons of mass destruction, he...
QATAR/UNITED KINGDOMQatar Petroleum and ExxonMobil secured funding in December for the $12 billion Qatargas II project, which will supply LNG from Qatar to the UK beginning in 2007. The $7.6 billion bank financing for the venture, the largest energy-project...
A growing US economy will lead to rising interest rates and a more challenging climate for bond issuance in 2005, according to the Bond Market Association.Total US bond issuance is expected to fall 15% this year, with the sharpest decline in the mortgage...
CHINAIt's been a rocky month for China. In Singapore, a court gave China Aviation Oil (CAO) six weeks to formulate a rescue plan after it came to light that the company had suffered losses of $550 million in speculative oil futures trades. CAO, the Singapore-listed...
Telecom mergers on both sides of the Atlantic contributed to the biggest deal total on record for December, with more than $300 billion of global M&A transactions announced in the final month of 2004, according to Thomson Financial.The strongest-ever...
UNITED STATESAES, a leading global power company based in Arlington, Virginia, agreed in January to acquire SeaWest Holdings, a privately owned wind-generation operating and development company, for approximately $60 million in cash.San Diego, California-based...