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. 9, September

Asia: Asian Currencies Fail to Converge
Ever since the Asian currency crisis of 1997, the possibility of a single currency for the region has been widely discussed. However,Asian regional currencies do not necessarily move together, nor in tandem with the Japanese yen. It is easy to understand...
Asia: Region Accounts for Half of All New Issuance
CORPORATE FINANCING NEWS GLOBAL DEPOSITARY RECEIPTS The relatively robust economies of South Korea,Taiwan and China have made northern Asia the center of depositary-- receipt activity in recent months, market participants say. In the 12 months through...
Banks Battle Terror Financing with Software
KNOW YOUR CUSTOMER Money laundering has thrust itself to the top of the agenda for bank management. By Adam Rombel Attention Wall Street bankers: William Catucci is trying to keep you out of the nasty headlines that so often grace today's financial newspapers...
CIB Maintains Its Solid Achievements
Egypt's Commercial International Bank has won widespread international recognition as the country's best bank. A long with awards from Global Finance, the bank has won other accolades from international finance magazines and agencies. As Mardig Haladjian,...
Do You Really Know Who You Are Doing Business With?
A database might help you sidestep the bad guys. James Bond it isn't, says David Leppan, the head of World-Check, a company that describes itself as "the intelligence service to the financial community" Set up in London in October 2000, World-Check compiles...
Insurers Deliver Stark Message: "You Want Cover? It'll Cost You
CORPORATE INSURANCE D&O LIABILITY A slew of corporate accounting scandals and tight market conditions are prompting insurers to employ increasingly extreme tactics to protect themselves against losses. By Paula L. Green Corporate risk managers of...
Last Orders, Please
There's always got to be a first time. After a seven-year run in which he seemed to defy gravity, Guy Hands, the banker who defined principal finance in Europe, has had his first business failure. In early August investment bank Nomura asked Ernst &...
Politics Is Key as Turkey Faces Stark Choices
ROUND TABLE In late July Global Finance brought together six leading pl at a roundtable in Istanbul to discuss Turkey's future. Global Finance's Editor Mark Johnson moderated. TURKEY HAS CHANGED DRAMATICALLY IN THE 18 MONTHS since its early 2001 currency...
Suncor Energy Squeezes Profit from Canadian Sands
CANADA When Suncor Energy tapped the first commercial barrel of crude oil from the Athabasca oil sands in northern Alberta, Canada, in 1967, there were many who doubted it could create a viable business. Since the start of the Great Canadian Oil Sand...
The Americas: Is the US Current Account as Bad as It Looks?
Worries about financing the widening US current account deficit are a legitimate concern and help to explain the dollar's steep drop since this spring, analysts say. But global trade and investment flows are exceedingly complicated, and the official...
The Incredible Shrinking Letter of Credit
TRADE FINANCE ELECTRONIC SERVICES As more global trade moves to open-account terms, banks are moving fast to serve the brave new world of trade finance. By Gordon Platt A watershed event in trade finance occurred in August, when JPMorgan Chase linked...
The Leadership Vacuum
Wake up America, the rest of the world is worried about you. More specifically, they're worried about your economy, and whether the guys at the top are really paying attention. George Bush's Waco summit may have convinced the faithful that the administration...
The Tiger Wakes Up
Five years on, the tiger economies are rousing from their slumber- but how far has the Asian recovery really come? BY OONAGH LEIGHTON It's 6am, July 2 1997, Tuscany, Italy. Jim Walker, investment bank CLSA's award-winning chief economist, is awakened...
The World's Best Insurance Companies 2002
Global Finance unveils its second list of the Best Insurers around the world, a group of 20 industry leaders doing business in North America, Europe, Asia and Latin America. It's been a torrid time for the global insurance industry, as plunging stock...
The World's Best Internet Banks 2002
Identifying the best online corporate and consumer banks.. By Adam Rombel While online stock trading received all the hype during the initial Internet frenzy, online banking has proved to be a stead- A ier survivor of the past two years' carnage. A By...
Volatile Times in Venezuela
COUNTRY FOCUS VENEZUELA Political instability and plunging oil prices have put a stopper on investment in this once-prosperous nation. There is no solution in sight. * By Paula L. Green With declining oil revenues and an extremely controversial president...