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. 16, No. 6, June

Endangered CEOs
The poster boy of the late 1990s corporation is likely to become last year's model-unless they quickly clean up their act. It may seem like all the news for CEOs recently has been bad. As a group their credibility has been undermined by scandals such...
Foreign Buyers Lose Appetite for US Debt
Purchases of US corporate bonds by overseas investors have declined sharply so far this year, due in part to relatively low returns and a weaker dollar, analysts say. Foreign demand for US securities of all types totaled $27 billion in the first two...
Foreign Investment Bonanza Fuels Boom
With wells gushing cheap oil, Russia's oil companies are turning to the West for investment. There has arguably never been a better time to be a Russian oil company. A combination of political and economic factors has produced a near-ideal funding environment...
Handing It Over
Driven by mergers, corporate belt tightening and technological improvements, benefits and human resources outsourcing are here to stay-and are gathering momentum. * By Adam Rombel The rationale for most outsourcing is simple enough. You let somebody...
Insurance Cleans Up the Balance Sheet
INSURANCE FOCUS ENVIRONMENTAL RISK As insurers become more anxious about environmental hazards facing today's corporations, they-- and their clients-are devising some imaginative solutions to manage the risk. The world of environmental risk insurance...
Is the Convert Party Drawing to a Close?
MARKET FOCUS HEDGE FUNDS Finance directors wishing to take advantage of Europe's continuing convertible bond splurge can still do so, but they need to take care over pricing and timing. When French advertising agency Havas issued a Euro 450 million bond...
Lenders Size Up the New Kid on the Block
Will single stock futures shake up securities lending? . By Gordon Platt As if the securities lending business didn't have enough to worry about with a sputtering stock arket and low interest rates, it will soon have to compete with a new kid on the...
Mexicali Blues
Reforms are beginning to pay off, but in the meantime Mexico is still heavily dependent on the US business cycle. More foreign investment is desperately needed. By Paula L. Green With its economy increasingly tethered to its northern neighbor, Mexico...
New Ideas from the Old World
CEO SURVIVAL KIT In Europe, too, the CEO's role is under scrutiny and may be reinvented Check your contract, tap the chairman's phone line, and make sure you've got the number of a good lawyer."That's the only-half tongue-in-cheek advice to CEOs from...
Non-Executives: No Longer Non-Combatants
It's not just the CEO's seat that has suddenly gotten a lot hotter in UK board rooms. A nonexecutive directorship was often seen as a cozy slide into retirement for the successful manager, providing stimulating-but not overtaxing daytime employment....
North America: Barra: A Company for Risky Times
To say the past two years have been shaky for global asset managers is an understatement, as economies have sagged, stock indexes have slid sharply and portfolio values have tumbled. The collapse in the shares of companies such as Global Crossing, Enron...
Of Winners, and Losers
DEAR READER Global Finance is 15 years old next month.To celebrate, we're publishing a special issue that will focus on the people, institutions-and things-that have defined international financial markets over that period. Some subjects choose themselves:...
The Americas: Strong-Dollar Policy Lives, but Weakness Appears
US Treasury Secretary Paul O'Neill has yet to rent Yankee Stadium in New York, as he promised to do to alert the world if the United States ever abandons its strong-dollar policy. But with the dollar dropping like a stone, analysts say a new cycle of...
Turkey Seeks Partners for the Long Term
In order to gain continuing support from the International Monetary Fund, Turkey's leaders have had to sign up to a stringent reform program. Can they come up with the goods? * By Nick Parsons Turkey is on the long road to recovery following the worst...
United Kingdom: Goodbye to the Palace?
In truth, the EBRD was always a strange hybrid, part multilateral lender, part commercially motivated bank. But its officials argue it has mobilized resources. Ten years on from its founding, the European Bank for Reconstruction and Development may finally...
United Kingdom: Saunders Aims to Score with Daring Bid for Revered Stadium
With her approaches to Railtrack and BT rebuffed, critics have argued that Saunders has yet to live up to her billing. Pulling off a successful financing for Wembley may help silence those voices. Robin Saunders is certainly not afraid to put her head...
United States: Charles Schwab Throws a Curve at Wall Street Establishment
Former research analyst Charles Schwab, better known as chairman and co-CEO of the largest US online discount broker, is regressing. He now wants to offer stock-- research advice and to grade stocks on a curve from A to F. Schwab says his picks will...
World's Best Trade Finance Banks 2002
Against a weak market for international trading firms, old-fashioned values continue to keep institutions at the top of the trade finance pile. * By Gordon Platt and Adam Rombel According to the World Trade Organization, the value of international trade...