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. 17, No. 5, May

Asia: Yen-Negative Factors Balance Dollar's Flaws
The list of negative factors for the Japanese yen is at least as long as the large number of problems facing the US dollar, "which should result in a standoff in the currency pair's value, analysts say.Marshall Gittler, senior currency strategist at...
Banks Begin Restoring Trade-Credit Lines as Brazil's Exports Surge
A volatile economy shows a bit of pace as exports grow and politics remains calm.International banks are gradually reopening Brazilian trade-finance facilities that were largely shuttered last year, following the Argentine financial crisis and during...
Europe: 3DM Worldwide Issues ADRs Instead of Listing on NASDAQ
UK-based 3DM Worldwide, which develops patents for the plastics industry and manages businesses in the Kyrgyz Republic, issued American depositary receipts in the over-the-counter market.The company's US subsidiary, Detroit, Michigan-based 3DM Technologies,...
Europe: Euro Could Get Lift from End to Iraq War
France and Germany will not pay an eeonomic price for failing to back the United States and Britain in the Iraq war, analysts say.British Prime Minister Tony Blair is in favor of European monetary union and will work hard to heal any rift between Britain...
Global Money Go-Round
A new settlement system aims to cut out settlement risk.Way back in June 1974, a small German bank named Herstatt went bust, owing other banks money that was in transit. Since that day, Herstatt risk-the risk that a bank could receive payments in one...
It's Not over Yet
By the time this magazine reaches you, the final draft of Basle II will have been unveiled. Those long-awaited capital adequacy rules have been touted as the biggest change to the way banks are regulated in years. Yet even before they have been issued,...
Mending Project Finance
This market has taken a battering but lenders are going back to basicsTimes are tough in the project finance market as lenders pull in their horns, equity investors scuttle home with their tails between their legs, and project after project gets its...
North America: British Building Materials Giant to Build North American Brick Brand
""Brick is traditionally viewed as a commodity product. We believe we can market it as a fashion product" - Richard Manning - Hanson BrickWhat's in a name? The answer is everything if you're Richard Manning. The chief executive and president of Hanson...
The Americas: Dollar Appears Vulnerable to Weak US Economy
While war news out of Iraq was the main determinant of currency movements in April, the US dollar could resume falling once the focus of market participants inevitably returns to economic fundamentals, analysts say."The dollar is in a longterm, secular...
The Americas: High-Yield Funds Attracting Investors
Mutual funds that invest in high-yield bonds returned 5.4% on average in the first quarter of 2003, continuing a winning streak that began late last year, according to New York-based Standard & Poor's."Junk bonds have been helped by low interest...
The Best Emerging Market
Time was when emerging economies had to worry about things as mundane as a run on the bank. But now political uncertainty has replaced purely monetary concerns in judging the direction of emerging markets.The Turkish lira may still be in trouble, but...
United States/Iraq: Can't Pay, Won't Pay
""Debt incurred by a dictator for personal and nefarious purposes should be considered illegitimate," - Michael Kremer and Seema Jayachandran, Brookings InstitutionIn China, the families of executed criminals are often invoiced for the fatal bullet.Asking...