Global Finance

Anglo American, one of the world s largest mining companies, gained a long-coveted majority stake in diamond mining company De Beers, in one of two M&A deals that the British firm was involved in during November, each valued at $5 billion or more.In...

UNITED STATESWill Wall Street miss US Congressman Barney Frank, the ranking Democrat on the House Financial Services Committee (HFSC) and architect of the 2010 legislation aiming to avert another global financial disaster? That question may take time...

Commodity producers are turning to specialized banks that are willing to take multiple layers of risk in private deals.Great ideas are born at times like these. Prices for all commodities-agricultural, mineral, metal and energy-have been swaying in increasingly...

The Europe 2020 Project Bond Initiative may create a blueprint for supranational participation in infrastructure financing.The European Investment Bank and the European Bank for Reconstruction and Development, to name just two supranational banks, have...

Lack of Clarity on U.S. Deficit Reduction Weighs on GreenbackFollowing Standard & Poor's downgrade of the U.S. government's sovereign credit rating in mid-August, China's reaction was unequivocal with Xinhua (China's official news agency) calling...

Environmental risk insurers are offering more sophisticated solutions and a broader range of coverage amounts.A fire broke out at a chemical plant in Moerdijk, Netherlands, in January 2011. The plant belonged to Dutch chemicals company Chemie-Pack, which...

INDIAAfter two decades leading India's largest and most respected conglomerate, Ratan Tata will step down in December 2012 as chairman of Tata Sons-the holding company that runs the $83 billion Tata group of companies, with over 100 operating companies...

New China Life Insurance raised $1.9 billion in an initial public offering in Hong Kong and Shanghai in December, but it was forced to price the issue at the bottom of an expected range, as investor appetite in Asia for IPOs appeared to be waning.New...

During the credit-fueled financial services bonanza that came to a shuddering halt in 2008, the world's biggest banks indulged in an unprecedented expansion binge. The credit flood coincided with an explosion in creativity that saw banks devising ever...

SPAINLike Greece and Italy, Spain too has a new government, tasked with bringing the country back from the brink. Unlike Greece's Lucas Papademos and Italy's Mario Monti, Spain's prime minister Mariano Rajoy is not a technocrat but a lifelong politician....

NIGERIANigerian central bank governor Lamido Sanusi believes the likelihood of European banks going into a major crisis is quite high, and is concerned over the impact on Nigerian oil exports. Speaking at a central banking and financial sector development...

New-issuance volume in the US high-yield market rose sharply in November, led by a $4 billion,two-part offering from Sprint Nextel, the third-largest US mobile network operator.The Kansas company placed $3 billion of seven-year notes and $1 billion of...

Liquidity and risk management, treasury efficiency, eBAM, SWIFT for corporates, and mobile treasury apps were center stage during Global Finance's TCM roundtable in New York in November.Denise Bedell, managing editor, Global Finance: To begin, let's...

TORONTOCanada's financial capital is on track to become one of the largest global banking centers-overtaking London in the number of banking jobs by 2017, according to Moody's Analytics.Toronto's financial district-known as Bay Street after the thoroughfare...

Global Finance sat down with Martin Fridson, high-yield market specialist and global credit strategist at BNP Paribas Asset Management, in early December to get his take on US and global debt markets during one of the most volatile years in his memory.High-yield...