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. 10, October

Best Banks 2000
Times are good for banks throughout the world, as most key economics enjoy strong growth and relatively low inflation. That, plus consolidation in many markets, is creating financial institutions that are bigger, more profitable than ever. The following...
Best Banks 2000: Best Banks by Region
UNITED STATES WELLS FARGO CEO: Richard M. Kovacevich ells Fargo's trademark, the stagecoach, is a symbol of the bank's role in "coming through" for its customers since 1852.The bank may not be the biggest US bank in terms of assets, but it is the best...
Best Banks 2000: Best Global Banks
As globalization continues, the financial services industry is consolidating, and a group of premier institutions is emerging with the scale, the technology and the products required to meet the needs of customers anywhere at anytime. In the new world...
Best Banks in Project Finance
Project financiers are beginning to feel the emerging markets heat up, as Latin America, Asia, and Eastern Europe host an increasing number of large deals. The market over the past year has been characterized by innovative and alternative methods of...
Climbing aboard the Worldwide ASP Express
All kinds of transaction processing is moving to the Web, as new ASP software companies help streamline operations and cut costs. These are the best of amazing times, to improvise on Dickens' would-be tale of new technologies. Application Service Provider...
Companies Confront a Software Gap
The growth of e-commerce and new risk reporting requirements are highlighting the need for new risk management tools. The rise of B2B electronic commerce, and the adoption of stricter risk reporting laws in both the US and Europe, is driving corporate...
Custody Specialists Flourish with Fund Growth
Globalization and the rapid growth of funds under management worldwide are driving some dramatic changes in the global custodian industry. or a business that is generally considered dry and a little, well, boring, the global financial custody industry...
Dear Reader: Looking Back
What a difference 13 years makes. With this edition, Global Finance is about to start its 14th year of publication, and I recently went back to our archives to take a look at the Volume 1, No. 1 issue, published in October 1987. The news then was Japan,...
Drawing the Lines for a European Turkey
Powerful forces are at work both for and against Turkey's entry into the EU, but meanwhile economic reforms move ahead The lines are being drawn in Turkey for what is shaping up as the greatest challenge yet to the expansion of the European Union. At...
EGS Bank Builds on Trade Finance
It probably isn't a unique idea for a group of entrepreneurs to get together and talk about starting their own bank-an institution to support their common interests in a specific field, such as textile exporting. But to create such a bank from scratch...
Europe: British Telecom Takes Control
Expanding its wireless empire in Europe, British Telecom has taken control of German mobilephone operator Viag Interkom. BT, which already owned 45% of the German company, paid $6.04 billion to acquire another 45% stake from E.On, which was formed by...
Europe: Thyssen Scraps Steel IPO
While the US market sizzled, European IPOs dried up in late summer, as activity slowed to a crawl during the traditional vacation period.A number of issues planned for September were called off or postponed, awaiting better market conditions. German...
Heading for Exponential Growth among Global Investors
Exchange-traded funds, the money management industry's fastest-growing asset class, could see its growth shift into overdrive with expansion into markets outside the United States, fixed-income products, and eventually, actively managed funds. They're...
India's Economy Gets Wired
Amid a slowing industrial economy, India's emerging high-tech sectors are attracting foreign investment and driving economic growth. India's high-tech industry fed by increasing foreign investment, domestic mergers, and the rapid deployment of new technologies,...
Indonesia Struggles through a Choppy Recovery
Indonesia remains mired in political uncertainty, but there are some signs of an improving outlook. It's the world's fourthlargest market and a strategic focus of global ship ping lanes. Its natural resources are bountiful. It has also been mired in...
Mexico'a Bottleneck to Fast Economic Growth
To meet Mexico's growing demand for electrical energy, President-elect Fox plans to open the sector to more private investment. If Mexico's President-elect Vicente Fox wants to reach his goal of 7% annual economic growth, he'll have to power up the country's...
New SEC 'Regulation Fair Disclosure' Levels Playing Field
Under the new Securities and Exchange Commission Regulation Fair Disclosure (pegged "FD"), the growing army of private investors get something of a break. FD is designed to prevent public companies from providing sensifive information to analysts and...
Puerto Rico: Life after Section 936
Until a few years ago, the little roadside 936 Pub & Grill was doing a brisk business, serving lunch and drinks at the nearby multinational pharmaceutical and garment factories lining Highway 2 on the northern coastal town of Manati in Puerto Rico....
Safe under Political Cover
Long a staple of emerging loan markets, political risk insurance is now increasingly used to cover bond sales and other capital markets transactions. In years past, executives of foreign oil companies in Venezuela might have shuddered if they had heard...
Straight Talk on Direct Investing in Turkey
Foreign direct investment has exploded in most of the world's key emerging markets over the past two decades, but Turkey has been a habitual underperformer-despite its sizable domestic economy ($200 billion GDP) and enormous need for external capital...
The Americas: ADRs Playing Takeover Role
American depositary receipts are being used more frequently than ever by European companies to fund takeovers of US and Canadian entities.The trend to use ADRs as the acquisition currency in cross-border mergers is continuing and accelerating, according...
The Americas: Online Trading Battle Rages
The competition to dominate online currency trading is intense. Citigroup, Chase Manhattan, and Deutsche Bank are working with Reuters to develop Atriax, an Internet trading system that will compete with Fxall.com, a system being developed by another...
Turkey's Reforms Build Confidence
Inflation is coming down and Turkey's economic outlook continues to improve. Leading bankers discussed the reforms with central bank governor Gazi Ercel at a recent roundtable in Istanbul. Global Finance's Ernest McCrary moderated. GLOBAL FINANCE: What...