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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. 15, No. 2, February

All for One.And One for All
Laptops, phones, pagers and PDAs finally finally are merging into a single device. By Daniel Keeler ' ow many busy technophiles are out there toting around a mobile phone, a portable PC, maybe a pager, and certainly a personal digital assistant (PDA),...
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Barcelona Bets on Success in the New Economy
The city transformed itself for the 1992 Olympics Now it's trying to do it again by fashioning itself as a technological Mecca. At stake is Barcelona's previously successful model of public and private partnership. By Mark Johnson Like an aging diva...
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Betting Your Assets on Securitization
Last year was good for securitization in Europe, but 2001 looks to be even better. Shaky performance in the bond market makes well-packaged asset-backed deals a hot alternative for investors. What do Andrew-Lloyd Webber's theaters, millions of bottles...
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California Contorts Project Finance
The California power market debacle may be driving some major utilities into Chapter 11, but the massive demand for new capacity will keep the money flowing this year. As recently as November, leading project financiers were gearing up for first-quarter...
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Comparing High Net Worth Services
Top global private banks are tailoring their services and recommendations for high-net-worth investors to capture a greater share of this rapidly expanding asset class in the wake of a slowed US economy. Services for high-net-worth investors provided...
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Germany's ACG Ducks the High-Tech Mayhem
Most of the high fliers on Germany's Neuer Markt have crashed and burned after soaring in 2000, just as their tech counterparts on the NASDAQ market have. But there are some glowing embers of life among all those cold ashes. Weisbaden-based ACG continues...
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Hungary's OTP Bank Grows with Efficiency
National Savings and Commercial Bank Ltd. (OTP Bank) has boosted operations and profitability sharply over the past five years, consolidating its position as Hungary's largest commercial bank. TP Bank, which cele[brated its 50th anniversary in 1999,...
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Integrating E-Finance: Where's the Value?
E-Finance experts stress the need for clarification of the added value of the integration of e-finance and traditional finance channels in B2B. Global Finance managing editor Charles Thurston moderates. GLOBAL FINANCE: Will onestop shopping for different...
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Japan Could Learn a Lesson from the Ancient Greeks
In 411 BC the Greek playwright Aristophanes imagined what people might do when they find themselves committed to senseless battles under absurd circumstances. His thesis contains an interesting lesson for the fir ture of the Japanese economy and the...
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Latin Beer Markets Go for the Gusto
Beer brewing in Latin America is becoming a more global business as consolidation continues in key countries. Latin America's three most populous nations--Argentina, Brazil, and Mexico-also happen to be the region's biggest beer-guzzlers, together accounting...
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Life in the Tech Lane
This month we are taking a look at a number of stories that show how technology is driving changes in global markets that will affect all of us, this year and beyond. Nanotechnology is an exciting new field that has been "out there" for years, but finally...
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Make That a Roast Beef to Go
One of the most creative of recent securitization deals, coming at the end of 2000, took the business where no one had dared-or thought-to tread before: securitizing roast beef sandwiches. The issue is backed by the Arby's franchise system that sells...
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Mexico's Maquiladoras Go Way South of the Border
Since the onset of the North American Free Trade Agreement more export assembly factories have been sited in southern states. * By I-Chun Chen Women in rural Mexico who only a few years ago were weaving rugs on wooden looms are now sewing the latest...
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Nanotechnology: The Next Big Thing Is Very Small
Recent scientific break-- throughs and an increased infusion of government funding have given the field momentum. I magine molecular-size machines that traverse the bloodstream to cure diseases, computers the size of a virus particle but a billion times...
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Risk Becomes Manageable
Corporations are covering more risk as prices move through a 10-year through. Risk managers at US companies are no doubt looking wistfully at the insurance prices they enjoyed in 1999-a year in which the cost of risk reached the lowest point in a decade,...
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Shifting to One World, One Exchange?
Technology is driving the convergence of the world's exchanges into ange single entity, although the US a2d European market leaders are pursuing differe nt tacks. Technology is clearly changing the way the world trades, but it may be several years before...
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The Americas: Foreign Funds Continue to Flow into US Market
Corporate bond markets around the world are growing rapidly, but it will be a number of years before they gain the depth and maturity of the US credit market. "The corporate bond market in Europe is in its infancy, and Asian markets are relatively small,"...
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The Americas: Online Currency Broker Offers Leverage of 200 to 1
Online Currency Broker Offers Leverage of 200 to 1 Online foreign exchange brokerage Currency-- Trader.Com has launched a new trading system that will enable its clients to deal directly with one another.The new platform features Java-based "push" technology,...
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The Americas: Telefonica's Liquidity Attracts Fund Managers
Christian Starck waxes poetic when he discusses the exchange-listed ADR program of Madrid-based Telefonica, the leading communications service provider among Spanishand Portuguesespeaking populations. "It's just wonderful-a beautiful, liquid ADR," says...
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The Americas: US Asset Managers Sell at Hefty Premiums
Asset management firms are hot properties, judging by the multiples of earnings paid last year for the 108 announced mergers and acquisitions in the industry. "The wealth management market in the United States is particularly attractive," says John Temple,...
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The Experts Look Ahead
Experts in global finance offer insight into the challenges and opportunities that lie ahead in 2001 for corporate bonds, e-commerce, the global economy, global equities, FX, insurance, real estate, and technology. The economic signals for 2001 are mixed,...
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Web-Based Solutions Put More Power in CFO Hands
Internet-enabled integration is lending strategic focus to treasury risk management. Deliverance for the contemporary treasurer or CFO lies arguably in his growing empowerment by technology and analytics-- tools that promise to lift him from the perennial...
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