Global Finance

The crisis that gave much of Asia financial pneumonia hardly ruffled Taiwan. Thanks to the strong US economy and improvements in other parts of Asia,Taiwan's export-oriented economy is in good position for a period of strong growth. 'As the world economy...

China Petrochemical (Sinopec) has found an underwriter for its stock offering. Morgan Stanley Dean Witter will underwrite the upcoming IPO, expected to be valued at $5 billion.Ahead of the IPO, the Chinese state-owned company is likely to restructure...

Thanks to an acceleration of the Czech Republic's privatization program, the pace of new foreign direct investment is picking up and is expected to reach a record $3 billion. Over the next 12 months shares in key state assets, including Czech Airlines...

Multinational companies are bringing in-house more of the accounting, cash, and risk management functions they once farmed out to third parties. This trend is bringing a quantum leap in corporate efficiency, with improved cash flow controls, information...

A prolonged economic slowdown has driven Indian companies to restructure and seek more global business opportunities, while foreign investors pursue new assets in what has become a buyer's market. Continued structural reforms and a new sense of urgency...

National pride is militantly alive in Europe. For all the warm, fuzzy feelings aroused by the vision of a single European market, EU countries are unwilling to sacrifice their sovereignty to the common cause. This is nowhere more apparent than in the...

Global M&A activity reached record levels in 1998 and has shown no sign of easing in 1999. In the United States alone announced M&A volume for the first six months of 1999 totaled $833 billion-- on a par with the record set in 1998. In Europe,...

If big is beautiful, then, in today's world of banking, being enormous must be drop-dead gorgeous.The global bank is now a reality. For the first time ever, it is possible not only to identify but rank banks at the broadest level imaginable. Up until...

ance minis ters, central bankers, and policymakers from 181 countries gather in Washington for the annual meetings of the World Bank and the International Monetary Fund, corruption will take its place on the agenda as a thorn equal to the usual crises...

Shortly before the earthquake disaster in August, Central Bank governor Gazi Ercel hosted a Global Finance roundtable in at the Ceylan InterContinental Hotel Istanbul to discuss the progress of banking reforms and the outlook for the ongoing fight against...