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. 18, No. 11, December

Adapt and Thrive
With a little help from the region's development agencies, many Midwest companies are successfully adapting to rapidly changing markets.Atlas Tool & Die Works, Lyons, IllinoisExecutives at Atlas Tool & Die Works aim to stay ahead of the competition-and...
A Matter of Principles
Eighteen months ago a group of leading project finance banks adopted the Equator Principles. They are now under attack from critics who claim the banks were more interested in profits and PR than in principles.On June 4, 2003, 10 banks from seven countries...
Basel II Leaves Us Banks in 'Wait and See' Dilemma
EUROPE/UNITED STATESThe Basel Committee on Banking Supervision wrapped up the latest version of its Accord on Banking Supervision almost half a year ago, but banks, particularly in the US, are still in a quandary over what to do about it. On the one...
Coming in from the Cold
Buoyed by strong demand for its commodities exports, Mongolia's economy and its financial markets are beginning to show increasing strength.It gets awful cold round this time of year in Mongolia. The temperature drops to 30 below freezing and stays down...
Consumers Spurn Government Efforts to Cool Economy
CHINAChina's retail sales hit a five-month high in October, despite government efforts to slow overheated areas of the economy. Retail sales rose 14.2% from a year earlier, to $60.2 billion, the highest rate since May. Policymakers have been struggling...
Cool Hand Lula
He may be frustrating his more radical colleagues, but Brazil's President Lula is achieving remarkable success with his delicate balancing act.Each of the three times Luiz Inacio "Lula" da Silva ran for presdent, his leftist platform sent chills through...
Cross-Border Mergers Show Rising Trend as Global Economy Expands
FOCUSThere has been a noticeable pick-up in cross-border mergers and acquisitions in recent months that could signal the beginning of a sustained rise in international takeovers, bankers and analysts say.In October alone, there were six major M&A...
Custodians Adapt to A Changing Environment
GLOBAL CUSTODYExperts in global custody gathered at Global Finance's offices to discuss the challenges and opportunities in their markets.GLOBAL FINANCE: There are new and more powerful forces pushing consolidation today. What impact will this have on...
Derivatives Providers
WORLD'S BEST DERIVATIVES PROVIDERSThe use of derivatives is skyrocketing as more corporations are discovering their capabilities for risk management. In our first annual awards we recognize the derivatives providers that companies and analysts most respect.Volumes...
Dollar Continues to Sink on Good News and Bad
The dollar fell to an all-time low against the euro in November, even as the US employment picture improved and the stock market rebounded.Dealers and analysts say sentiment has turned extremely sour on the greenback amid increasing concern about the...
European Pension Funds Fail to Bite the Bullet
EUROPEEurope's institutional investors should not be lulled into a false sense of security by the sizeable donations corporate pension plan sponsors made last year, says consultancy Greenwich Associates. Greenwich Associates' Chris McNickle commends...
Ford's Euro Benchmark Bond Issue Sputters
Ford Motor's first euro-denominated benchmark bond issue of 2004 rolled across the finish line in somewhat dented shape last month.The US automaker was forced to reduce the size of the issue from an originally planned euro1 billion to euro750 million...
France Looks for New Foreign Invasion
FRANCEWhen one is considering what is quintessentially French, many things come to mind. One characteristic that is not among them is a dedicated work ethic. For The Invest in France Agency, whose role is to bring foreign investment into France, that...
Global IPO Issuance Heaviest in Four Years
The issuance of new stock issues has picked up sharply worldwide in the past few months, raising hope among investment bankers that the equity side of their business is warming up.For the first time since 2000, the annual global issuance of IPOs will...
Greenbacks Go Home! Cubans Dump Dollars for Pesos
CUBAWhen is a dollar worth ninety cents? When Cuban President Fidel Castro says so. In a move to mop up dollars on the island, Havana ordered Cubans to exchange them during a three-week period or pay a hefty 10% surcharge-for which Cubans are getting...
Hedge Funds Feel the Heat after New York Fed Chief's Warning
UNITED STATESThe increasingly competitive hedge fund industry is feeling the heat from US regulators again, but this time the criticism zeroed in on the prime brokers that sometimes lend these funds their money.The head of the Federal Reserve Bank of...
Illinois Business Development Programs: Financing Programs Provided through the Illinois Department of Commerce and Economic Opportunity's Business Development Finance Division
Population: 12.6 millionIllinois Department of Commerce and Economic Opportunity100 W Randolph, Suite 3-400Chicago, IL 60601Phone: 312-814-2811Fax: 312-814-3032www.commerce.state.il.usContact: Bob Westover, deputy director of business developmentPhone:...
Indiana Business Development Programs: Financing and Incentive Programs Provided through the Indiana Department of Commerce's Business Development Division
Population: 6.2 million Indiana Department of CommerceOne North Capitol, Suite 700Indianapolis, IN 46204Phone: 800-463-8081Fax: 317-233-5123www.indianacommerce.comContact: Tim Monger, executive directorEmail: tmonger@commerce.in.govIndiana Bankers Association3135...
Indian Companies See Increasing Capital Expenditure
INDIAThe Indian economy has been on a fast growth track for the past few quarters. Despite the recent poor monsoon, the latest economic growth indicators continue to look positive. More importantly, the mood in corporate India is buoyant and optimistic.According...
Midwest Report
The Great Lakes region of America's Midwest is remodeling itself as a high-tech powerhouse in an effort to draw much-needed investment.In the first of a quarterly series that will look at regional economies across the United States, Global Finance has...
More Brain, Less Brawn
Long derided as the nation's Rust Belt, the Great Lakes region is morphing into a high-tech investment magnet.The Great Lakes region of the Midwest is transforming itself into a home for companies in cutting-edge sectors from the biosciences to fuel...
Ngos Boycott Ifc Policy Review
UNITED KINGDOMThe IFC refutes claims that its review of environmental and social safeguard policies constitutes a watering down of current standards and that the consultation process is "deeply flawed." In an effort to make its current safeguard policies,...
Putin Tries to Make Friends
RUSSIAIn an effort to influence presidential elections in neighboring Ukraine, Russian jj President Vladimir Putin dispatched teams of campaign advisors and paid frequent visits in support of Viktor Yankovych, the chosen successor of outgoing President...
Se Habla Español
THE AMERICASAnyone who has called a US bank's call center recently has heard the ever-popular command of "Press 1 for English, Press 2 for Spanish." It seems banks have finally discovered the US Hispanic market.The 40 million Hispanics in the United...
Trimming the Hedges
Over the past few months calls for regulation of the booming hedge funds industry have been becoming louder. Some are looking to regulate the industry directly, others, such as the New York Federal Reserve, arc focusing their attention on the banks that...