Global Finance

At age 75, President Suharto shows no signs of slowing down. But two family members may be waiting in the wings--just in case. Indonesia may be heading for the end of a political era, but it is likely to be a long, drawnout affair. Now 75 years of age,...

In corporate fund-raisings, "reverse inquiry" is jargon for tranches that are custom-designed for a particular investor: A portfolio manager calls the underwriter or corporate treasurer and spells out the maturity, yield, or other terms that he would...

BACK IN STYLE AS A CHEAP CURRENCY, STOCK IS MAKING EVER LARGER DEALS POSSIBLE. BUT THERE ARE TRADE-OFFS... Behind the mammoth consolidations that are transforming such global industries as telecommunications, defense, banking, electricity, pharmaceuticals,...

Some important deals in the international capital markets and in project finance are breaking new ground. In the two years following its 1994-1995 financial crisis, Mexico, with the aid of its investment bankers, has managed to repay its debts to the...

As Indonesia's economy opens to the world, the country's mammoth conglomerates have exports on their minds. In the United States and the United Kingdom, a surefire way to a price-earnings discount to the market is to package a company as a conglomerate....

Most developing countries' central banks require documentation to bring foreign exchange into the country. Some, Brazil among them, levy a tax-Brazil's is 7%-on such transactions. Emerging markets are also subject to convertibility risk, the possibility...

When Alan Sugar bought a controlling stake in Tottenham Hotspur five years ago, he applied the management skills he had used to build up his Amstrad electronics' empire to turn around the London soccer club. But instead of being impressed by earnings...

Since deregulation in 1988 the number of banks has mushroomed. New capital and reserve requirements are being introduced to shrink the industry. Mergers are the watchword of the day. If the size of an industry sector were the sole criterion, Indonesia...

A government-driven economic boom has meant good times for many Indonesians, including President Suharto's family. Now the danger of an overheated economy looms. Is a soft landing possible? The old and the new, wealth and poverty, reside uneasily together...

As high-yield issuance builds toward an historic pace, it is being driven by a powerful new engine: "junky" companies in "junky" countries. In the first three weeks in January, $2.6 billion-better than one-third of the $6.4 billion of all new junk bondscame...