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Global Finance

A monthly publication providing news and analysis of global market and economy. Focuses on corporate finance, capital markets, and more.

Articles from Vol. 14, No. 5, May

Arab Business
Arab Business: The Globalisation Imperative Edited by Ali Al-Shamali and John Denton. Published in association with the Arab Research Center, Kuwait. Buzz words have a tendency to attach themselves to concepts quite devoid of substance. They may neatly...
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ASPs Convert More Treasury Functions
Rapid advances in treasury management software and systems are bringing state-of-the-art financial and risk control facilities to a much wider market. The evolution of Internetbased treasury management services is accelerating as application service...
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Banks Embrace E-Business
E-procurement is the darling of the moment.The current frenzy of corporate activity is reminiscent of the late nineties' stampede to implement enterprise resource planning systems. The reason, of course, is the considerable opportunity to take out process...
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Best International Bank in Emerging Markets
The Best Emerging Markets Banks CITIBANK Best in the World Best in the Middle East and Africa Best in Latin America HSBC Best in Asia BANK AUSTRIA CREDITANSTALT Best in Central and Eastern Europe It's no surprise that Citibank takes top honors again....
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Big Brother Is Here
Corporate snooping is growing by leaps and bounds. Your computer at work could be recording every single keystroke you make. How would you feel if you were strip-searched at work every day? The Internet surveillance equipment out on the market today...
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Calling the Future
Offering a range of services that outclass even the most sophisticated conventional phone system, Internet telephony has finally come of age. Could this be the Net's next big wave? Five years ago, using the Internet to make a voice telephone call involved...
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Click and Tell
Providing better information on deb sites' disclosure policies could be the key to boosting e-commerce results. The past 12 months have witnessed explosive growth in online commerce, as many Web skeptics have found they can buy online without disastrous...
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Courting Investors
Talking for Dollars: Dos and Don'ts for Road Show Presentations Let's assume for a moment that you are the chief executive officer of a company about to launch an initial public offering and are preparing to take your story on the road to investors who...
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Deals Du Jour
FUTURE SAVINGS Last month J.P Morgan announced another Internet venture: Arcordia, a new company specially created oo handle the bank's back-office operations of its over-the-counter derivatives business.Through a joint venture with information technology...
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Dear Reader
Assuming the editorship of a long-established international financial and business magazine is a challenge in the best of times. But as we put the finishing touches on "my" first issue of Global Finance, I find that the mission of providing an interesting...
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Defined Contributions Swell with Choice
Growing enthusiasm from investors and providers alike is leading to dramatic advances in the defined-contribution pension market. The global market for defined contributions (DC) is swelling as employee demand for more choices drives the sophistication...
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Eastman Kodak's Latin American Treasurer Gives Us: A Treasurer's Survival Guide
Only the most egocentric of corporate officers could possibly have ignored the financial hullabaloo in emerging markets over the past three years. Certainly, emerging market treasurers-both local and multinational-were forced to sit up and take serious...
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Enron: Restructuring an Energy Company
A decade ago Enron Corporation faced a dilemma common to energy companies around the world. Declining prices for energy commodities became a problem for producers, and some companies stumbled through the down cycle. But Enron remade itself, utilizing...
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Exchanges Go the Merger Route
The Internet, electronic trading, and global consolidation are having a significant effect on exchanges all over the world. Global Finance's Joseph Giarraputo moderated a roundtable in Boca Raton, Florida, at which industry experts discussed the changing...
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Financing Online B2B Marketplaces
Businesses can now find pretty much everything they need online-except credit. With the rush of companies forming Internet marketplaces to buy, sell, and exbusiness supplies and services, you might think there would be a lot of financing taking place...
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Foreigners Battle for Mexican Banks
Spain's BBVA and Santander are after big game in the Mexican financial services market, with LAS and Canadian banks joining the hunt for banking assets. Mexico's banking market has become a battleground for big international banks, and so far the Spaniards...
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Guide to the Net Seek and Ye Shall Find
There are ways and means of using the Internet so you don't end up drowning in information. If your take on the World Wide Web is along the lines of "finding information on the Internet is liking trying to get a glass of water from Niagara" then you're...
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If Nothing Else Works, Japan Has the Internet
Just as the market in the United States seems to be losing some of its wind, Internet stocks in Japan are poised to boom. Japan is trying to catch up again and catch up fast. In some areas, such as the wireless technology offered by iMode,Japan is arguably...
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Is This the Best Little Wine Bar in Paris?
Wine bars are all the rage from Manhattan to Manila, but the prototypes predictably were born on the narrow streets of that wine-swiller's paradise, Paris. Not so predictably, one of the best bars on the contemporary Parisian wine scene is Juveniles,...
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New Technology Reinventing Israel
Israel has emerged as the Silicon Desert of the Middle East, an agrarian economy rebuilt by pixels and chips, now emulating California as a cradle for dot-corns and successfully tapping NASDAQ for investor capital. Israel has forged an Internet economy...
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Onslaught Online
Scrambling to dominate cybermarkets Everywhere you look, the titans of industry-companies such as General Motors, Boeing, General Electric, Johnson & Johnson, and International Paper-are racing to build their own online exchanges or supply networks...
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Poland: Full Speed Ahead
Economic reforms and rapid growth in the country's Internet sector are helping drive Poland's impressive transformation. Poland is emerging as the wunderkind of reformed Eastern Europe, with a robust gross domestic product outlook, a banking and telecom...
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Sizzling in Zimbabwe
Another African tragedy of human and economic loss may be in the making in Zimbabwe, dragging its 11.2 million people into greater misery. The country's 80,000 whites, most of whom are descendants of English and Scottish settlers who colonized the country...
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The Banker's New Clothes
Investment banks go casual, with mixed results. The great wave of casual dressing sweeping the nation's invest ment banks has some wishing for the good old days-"when bankers dressed like bankers and not beach boys from California," in the words of a...
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Up in Smoke
Deutsche and Dresdner Turn Biggest-Ever Deal into Toast Banking can be a clubby affair anywhere, but in Frankfurt the traditions have been downright collegial-correct, serious, congenial. With most of the city's largest banks located so close together...
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When Will Japan Change?
Twenty-one years ago a man I knew and respected-Masayoshi Ohira-died while prime minister after losing a no-confidence vote instigated by his own party. Liberal Democratic Party leaders took advantage of the felled leader's demise to capitalize on the...
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