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. 11, October

2001 Central Banker Report Cards
RANKINGS Global Finance grades 31 of the world's most important defenders of sovereign currency in this year's Central Banker Report Cards. Only two bankers earned an "A" during this difficult past year. * By Daniel Keeler Being a central banker has...
Airlines Rush for Comfort Alliances
Despite textbook wisdom, alliances mean survival in the airline industry By Mark Johnson Question: Which industry makes millions of cross-border transactions a year, could serve as the emblem of globalization, yet continues to operate a model of national...
Attack Impact: Adding Up the Costs
POLITICAL RISK CRISIS IN NEW YORK The terrorist attack on the World Trade Center has had a potentially devastating effect on the world's largest financial center, at least for the short term. By Daniel Keeler The terrorist attack on New York's World...
Best Banks in Project Finance in 2001
Global Finance scopes out the top players in a global game that requires a special kind of fortitude and finesse. By Bo Glasgow Today the premier project financiers, in spite of-and in some cases as a result of-unsettling economic conditions, are enjoying...
Brazil: Fantastico
Kidnapping is a growth dustry in Latin America and Asia, with Mexico, Colombia, Indonesia, and Brazil leading the parade, according to United Nations data. Brazil had 102 kidnappings in the first half of this year-and another 900 "mini-kidnappings" that...
Credit Suisse First Boston Tops High-Yield Rankings
Credit Suisse First Boston is holding the lead once again as number one bookrunner in the global corporate high-yield market in 2001. CSFB's 16.3% market share this year through early September, however, was well below the 22% share it obtained last...
CRM Shifts to Data Mining to Keep Customers
FINANCE TECHNOLOGY CUSTOMER RELATIONSHIP MANAGEMENT Businesses keep spending on customer relationship management to retain their customers. By Adam Rombel The global economic downturn and steep slide in business spending on technology hasn't put much...
Germany: A Trillion-Dollar Bank Prepares to List on the NYSE
Deutsche Bank, an institution founded more than 130 years ago, first toyed with the idea of listing on the New York Stock Exchange around 1922.Today, several generations and political upheavals later, those plans have been revived-and are on the verge...
Russia's Lukoil Cleans Up Its Books to Prepare for a Global Stock Listing
CORPORATE GOVERNANCE RUSSIA The largest oil company in Russia is upgrading its financial reporting to attract more foreign investors, looking to join the ranks of international majors. By Kim Iskyan The name of Russia's largest oil company, Lukoil, is...
Sovereign Risk: Shattering a Glass Ceiling
Corporate credit rating upgrades may become more common in emerging markets. By Jan Alexander Who says a corporation can't be a better risk than the country in which it happens to be located? Cemex, the Mexican cement giant, for example, has a Standard...
The Americas: Atriax Signs Up 7,000 Users for Its Web Site
London-based Atriax, the online foreign exchange-- trading portal backed by three of the biggest banks in the business and Reuters Group, has 7,000 registered users on its Web site, says CEO Dan Morehead. The platform, which went live on June 28, is...
The Americas: J.P. Morgan's Adr.com Adds Online Purchasing
CORPORATE FINANCING NEWS GLOBAL DEPOSITARY RECEIPTS J.P Morgan's adr.com, a comprehensive portal with information on non-US equities, has added an online purchase capability that allows investors to enroll and participate in 84 exchange-listed ADR direct-purchase...
The Americas: Making Mergers Click Is Often the Hard Part
One reason that most mergers fail, experts say, is that they are done for reasons of corporate ego and empire building rather than as part of a well-- thought-out business plan. "What is crucial is the real work that must occur to make mergers and acquisitions...
The Calm Surface of Custody Conceals Currents of Change
The move to real-time service forces custody bankers to live by their wits and pursue consolidation. * By Graham Field Global custody seldom sets the pulse racing. From the outside it appears to be an unglamorous world of transaction processing, safe--...
The War of Globalization
As we close this October issue, smoke is still rising from lower Manhattan, and most of the victims of the World Trade Center attack are still entombed in the rubble of what had been their offices. To their families and friends, we offer our most heartfelt...
Turkey's Economy Looks for Daylight
COUNTRY REPORT TURKEY Economy minister Kemal Dervis has had some recent successes, but the big picture is still dark for Turkey. Banking system reforms may lead the way to recovery. * By Ernest S. McCrary Turkey is under an economic cloud. Despite some...
Turkey Struggles to End Crony Capitalism
COUNTRY REPORT TURKEY Since the days of the Ottoman sultans Turkey has been branded as a complex and corrupt place to do business. Successive governments in modern times have promised to clean up this state of affairs and the current regime of Prime...
United States: PeopleSoft Holds Its Own amid Tech-Sector Troubles
When the US Internal Revenue Service in August decided to buy $10 million worth of customer relationship management software from PeopleSoft, it was a major victory for the company against larger CRM rivals. It was also a sign of the times for the Pleasanton,...
Unocal Liks Azerbaijan to Thailand
TREASURY & RISK MANAGEMENT CASE STUDY Adopting a real-time treasury risk management system saves the California oil giant a barrel of money. By Paula L. Green Unocal Corporation is using a sophisticated piece of pricey software to manage the complex...
World's Best Banks 2001
Global Finance unveils its annual List of the World's Best global, regional and country banks; a group of over 80 eminent institutions. The continuing waves of consolidation that are sweeping the global banking industry are leaving fewer, stronger, and...
World's Best Internet Banks
A synopsis of Global Finance's annual selection of the best Internet banks, adapted from our August 2001 issue. The past year has been a reality check for the technology world as many corporations and banks reined in their IT spending amid a global economic...
World's Biggest Banks 2001
Global Finance ranks the World's Biggest Banks, comprising 50 of the most powerful financial institutions, as measured by total assets, give or take a billion. Name the World's Biggest Bank this year and you will refer to Sumitomo Mitsui Banking Corporation,...
World's Safest Banks
Global Finance selects the World's Safest Banks, the 50 institutions with the highest ratings from the leading international credit rating agencies. The relative safety of the world's leading banks is a closely measured rating, which keeps armies of...