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. 6, June

A New Approach to IT
IT directors in Europe need to become more finance-savvy as financing for information systems become more important in the technology age. Information technology directors in Europe need to become more finance-savvy, as financing for information systems...
ASPs Proliferate
The number of application service providers is exploding as is their use by both smal-to-midsize businesses and large companies that are the pros and cons? Everybody else is doing it, so why shouldn't we? That's the refrain from many a technology company...
Bank Austria Creditanstalt Is Still Tops in Emerging Europe
One rocky, emerging markets year later Bank Austria Creditanstalt has again secured its position as best international bank in Central and Eastern Europe (CEE). This is not an easy award to decide. There are some five banks that distinguish themselves...
Barclays Pumps Exchange Traded Funds
The market for exchange traded funds is expanding significantly with new offerings by Barclays Global Investors Last month Barclays Global Investors introduced a large group of exchange traded funds (ETFs) called iShares, in a move to catch the rising...
Companies Now Confront Cyber Risk
The Internet has changed the way we do business. It has made things quicker, faster, and more convenient. But it has also added tremendously to our corporate risk. Insurance companies are trying hard to understand the pitfalls of the New Economy and...
Consolidating Automakers Getting Wired, Too
As the world's largest car manufacturers race to buy up smaller rivals, they're in a parallel scramble to adapt long-standing manufacturing, Procurement, marketing, sales, and servicing techniques to the Internet. Executives at General Motors, Ford,...
Creative in Kenya
Once considered a region of political instability and chaos, Africa today has become a hot project finance market. Where are not only more deals than ever before, but also more imaginative ones, such as the Kipevu diesel engine generating plant in Kenya....
Dear Reader
Most stories in Global Finance are about change. That, after all, is what makes news. Today all of us are swamped all the time with information about changes affecting business and finance around the world.The flood is so great that we are becoming numb...
Dot-Com IPOs: Let's Call the Whole Thing Off
After the sharp sell-off In Internet stocks in April and May, and a slew of canceled initial public offerings, Web start-ulps looking to raise IPO money are largely being told to look elsewhere. So you're an Internet company with a hot idea that will...
Emerging Market Debt Heats Up
The emerging markets' fortunes are looking up. Following a rather bleak set of figures in last year's fourth quarter, emerging markets debt trading soared to $749 billion in the first quarter of this year, according to a survey recently released by the...
Emerging Markets ADRs
Emerging market and ADR shares around the globe had a difficult April amid the sharp decline in technology and Internet stocks on the NASDAQ stock market.April was the worst month ever for NASDAQ, with the index plunging nearly 16%. Falling technology...
Engineers of the Digital Era
As dot-coms and etailers dominate the headlines, a handful of visionary companies is building the vital digital in frastructure for the New Economy. In this profile, we talk to professor Henry Beker, chairman of e-security specialist firm Baltimore Technologies,...
E-Procurement
More and more companies, especially large Old Economy players that are starting to implement online buying networks, end that some of their most serious problems lie with educating their customers. The rush to business-to-business e-commerce continues....
FAS133: Where's the Risk?
Most companies are behind in preparing for compliance with the new derivatives risk accounting standard. Publicly traded US corporations face an impending deadline for developing the capability to analyze and report derivatives risk on their balance...
From Russia, with Bullishness
Russia's fling with Western-style market economics has been a turbulent affair at best, but the signs of recovery are already showing through the gloom. The new Putin government seems to have won the confidence of investors-at least for now. When Russia's...
Globalization Meets Diversity
Bankers representing some of the institutions named by Global Finance as "best in emerging markets" last year met recently with Global Finance's publisher Joseph D. Giarraputo to discuss how they are devising new strategies for growth at home and abroad....
Life's an E-Beach
A stretch along Miami Beach has become a financial haven for young South American digerati, looking to set up their own Web empires. Silicon Beach, as the strip has become known, now offers Web portals from finance to food, sports goods to sex advice,...
M&A Benchmarks
In April the total value of deals plummeted to $176 billion-its lowest level since 1998-bucking a generally rising trend. The figure is even lower than the February 1999 trough of $180 billion. And the total number of announced deals fell even more sharply,...
Mexico's New Face
An unusually Democratic election is raging in Mexico, as the nation's still-troubled banking system roils with consolidation moves. By Charles W. Thurston Mexico is at a crucial transition point in its democratic evolution for the first time in recent...
Taxation Slips through the Net
Development of fair taxation systems for e-commerce is one area of the new economy that is definitely not moving at Internet speed. By Daniel Keeler After 18 months' deliberation and research, the United States' presidential Advisory Commission on Electronic...
The Euro's Travails: They May Be Just Beginning
If you think the euro will soon stabilize, you ain't seen nothing yet. Many sound arguments have been presented to explain the euro's malady: lower interest rates and economic growth rates in Europe; political factors, from Austria's apoplexy to Italy's...
The Few Become Fewer
Global auto convergence is in the fast lane. there does the road end? By Peter List If a look at the automobile industry these days makes you think of musical chairs, the song that's playing is probably speed metal. Following the merger between Daimler-Benz...
The Mating Dance of European Exchanges
In Europe any hint of a cross-border merger inevitably sparks an emotional debate as to which country is ultimately the winner. It matters. Whatever the rhetoric about the greater good of a united Europe and joining the global game, nation alistic tendencies...
Tough Times for New Issues
EMERGING MARKETS As Internet stock markets around the world have suffered over the past couple of months because of NASDAQ's woes, it comes as little surprise that the few initial public offerings that have been launched in the emerging markets in that...
Turkey Rises to the EU Challenge
Turkey is determined to join the European Union, counting on its strong economic growth, progress in containing inflation, and continued political stability. Since the beginning of civilization the land now occupied by Turkey-- and especially the site...
UK Tops US in CrossBorder M&A
The United Kingdom replaced the United States as the world's largest overseas investor last year, according to new data released by the United Nations Conference on Trade and Development (Unctad) on cross-border mergers and acquisitions. UK M&A purchases...
What Is Up with the Euro?
Despite all the recent upbeat talk on the euro zone's positive fundamentals and steady growth that would, one hopes, encourage an upturn for the euro, none has yet materialized. Few would deny that the euro looks undervalued at 90 cents, particularly...
Wine World: Online Wine Auctions
E-commerce could not have evolved too far before it became possible, in New York City, for example, to place an online bid during one's coffee break for a case of 1986 Mouton Rothschild cru Pauillac-still in the wooden box-for something over $2,400,...