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. 20, No. 10, November

Aer Lingus IPO Lists on London Exchange
Aer Lingus, Ireland's state airline, bucked worries over high fuel prices and potential terrorist threats to post an 8% gain in its first day of trading on the London Stock Exchange on October 2. It was the first airline issue on the exchange since Easyjet's...
Ahli United Bank: Meeting Client Needs through Cross-Cultural Understanding and Experience
With a broad footprint across the Gulf region and into Europe, Ahli United Bank has created the most comprehensive truly regional bank in the Gulf. By maintaining the distinct personality of its core companies, and by developing its multicultural team...
Aluminum Industry Bucks Global Trend
INDIAData released by the Indian government's Central Statistical Organization (CSO) show that the Indian economy grew by 8.9% in the April-June 2006 quarter. A large portion of this strong growth has come from the manufacturing sector, which grew by...
A Return to the Bad Old Days
RUSSIAThe gangland-style murder in September of Andrei Kozlov, number two at Russia's central bank and a widely respected banking sector reformer, cast a shadow of doubt on how much really has changed in Russia's banking sector since the wild 1990s....
Banker Bags Peace Prize
BANGLADESH/NORWAYNorway's Nobel Institute broke with tradition in October when, for the first time ever, it awarded its coveted Nobel Peace Prize to a banker and a financial institution. Grameen Bank, and its founder Muhammad Yunus, won the joint award...
Borrowing Requirements
Hedge funds are driving rapid growth in demand for securities lending in global markets.The business of lending securities is expanding rapidly, as hedge funds and investment firms seek to borrow more stocks and fixed-income securities, not only in global...
Divided Growth
Despite strong growth in some areas, the Philippines struggles with high unemployment and a widening gulf between the rich and the poor.The Philippines economy continues to move forward, with President Gloria Macapagal-Arroyo stating on September 27...
Flurry of Diplomacy Smoothes Relations with Allies
CHINAChina's Communist Party is shaking up Its leadership in the country's financial hub. Shanghai party chief Chen Liangyu was removed from office In September and may face criminal charges as part of an investigation into Illegal Investments made by...
FX Update
Emerging Market Risk in the SpotlightEmerging market risk is back on the radar screen as political turmoil erupted recenctly across a number of key markets. In Asia, the prime minister of Thailand was ousted by the military, while nuclear weapons testing...
Growth in Credit Derivatives Putting Stress on Controls, despite Progress in Clearing Trade Backlog
The rapid growth in global credit derivatives is putting stress on settlement systems and operational controls, despite significant progress in clearing a big backlog of unconfirmed trades, according to market participants, a rating agency and regulators....
It's a Smaller World
As more countries mature and enter the global market, the balance of economic and political power is changing. Businesses will have to stay on their toes to prosper.After undergoing a decade of dramatic change, the world's economy looks very different...
Market Forces
Global banks are devising innovative solutions to help multinationals marshal their cash reserves.As globalization casts its net ever wider, the multinationals flocking to developing countries are finding themselves enmeshed in a complex web of legal...
New Avenues for Growth
Facing increasing competition, banks within the Nordic region are looking to new products and new markets to maintain growth.The Nordic banking market is on a roll. With strong and stable economies across the board and solid growth figures for a number...
New President Finds Early Days Are Hard
MEXICOWhen Mexico's Electoral Tribunal in September declared Felipe Calderón the official winner of the nation's hotly contested presidential election, it appeared that it would be smooth sailing until his December 1 inauguration. Instead, it seems Calderón's...
Robust Economy Fuels Bond Blitz
BRAZILThe Brazilian government continued to tap global markets, despite questions regarding the outcome of the nation's presidential elections, as Investor appetite remained high. The sovereign tapped International markets on October 5, even before the...
Russian Merger Creates Top Aluminum Maker
A three-way merger between two Russian aluminum producers, Rusal and Sual, and the alumina assets of Swiss-based commodities trader Glencore International will create the world's largest aluminum and alumina producer, toppling Alcoa of the United States...
Securities Complex
As clients' needs become more complex, global custodians are rapidly increasing the range and sophistication of the services they offer. Global Finance brings together three industry leaders to discuss the latest developments.GLOBAL FINANCE: The security...
Securities Lending: An Asset/Liability Business
Securities lending involves a sophisticated interplay of investment risks and rewards that places the business squarely in the realm of asset/liability management. The return on reinvested cash collateral must generate a significantly higher yield than...
Strong Growth Triggers Ratings Upgrades
DOMINICAN REPUBLICStrong economic growth and responsible fiscal policies have helped the Dominican Republic join the ranks of the rising stars in Latin America. So far this year two ratings agencies have upgraded their ratings for the country. Last year...
Tmk's Financial Sleight of Hand Might Cause Downgrade
RUSSIAThe world's third-largest oil and gas pipe producer Trubnaya Metallurgicheskaya Kompaniya (TMK) is heading to market in London and Moscow in November with a price tag of up to $4 billion. But the deal will be launching only after its chairman has...
Weakening US Economy Could Drag Dollar Down
The dollar strengthened despite slower job growth in the US in September, but prospects of a worsening economic slump in the months ahead could expose the greenback to a sudden decline, analysts say. The impact of the collapsing housing market on aggregate...
World's Best Derivatives Providers
The third annual Global Finance awards for the World's Best Derivatives Providers honor the banks that have excelled in their service to corporations in each asset class across the three main financial regions of the world-North America, Europe and Asia-and,...