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. 19, No. 6, June

After the Revolution
With the shockwaves from last year's election debacle subsiding, Ukraine is poised to embark on a phase of explosive-and potentially traumatic-growth.In the space of just six months, the world's view of Ukraine has changed beyond recognition. Before...
Awash with Liquidity
Skyrocketing oil prices have brought a flood of liquidity into the Middle East, providing vast opportunities for fleet-footed investors and financial institutions.The near doubling of crude oil prices over the past 18 months has generated enormous revenues...
Best Investment Banks
It's been a busy year for the world's investment banks as they have vied with each other to win a greater slice of an ever-growing pie.From Google's Internet auction-style initial public offering to the rise of private-equity censortiums, investment...
Cracks Appear as Putin Faces Onslaughts on All Fronts
RUSSIAA spate of high-level diplomatic contacts between the United States and Russia underscored America's harder stance toward the Kremlin. During visits to Russia in early May, both secretary of State Condoleezza Rice and President George W. Bush took...
Dollar Bulls Run Again, as US Economy Heats Up
The pieces of the US economic puzzle fell neatly into place last month, creating a picture of strength that enabled the dollar bulls to gain the upper hand.The euro dropped to 1.27 to the dollar, its low for the year, following the "shop 'til you drop"...
Financial Leaders Call for Unified Regulation
EUROPE/UNITED STATESWith companies on both sides of the Atlantic contemplating a raft of regulatory measures around financial accounting, leading European commentators called on European and US regulators to seek a "common international approach."In...
Fox Climb-Down Opens Way for Amlo's Bid for Presidency
MEXICOWhen the Mexican government moved to keep Mexico City mayor Andres Manuel López Obrador-commonly referred to by his initials, AMLO-from seeking the presidency next year, some 250,000 Mexicans took to the streets. The outcry forced the Vicente Fox...
Latin American Companies Seeking US Takeovers
Companies based in Latin America are seeking to acquire US companies in order to buy into the fast-growing Hispanic market in the US, where 40.4 million Spanish-speaking people control $700 billion in purchasing power."The US is the largest Hispanic...
Looser Currency Peg Could Foreshadow Move by China
HONG KONGThe Hong Kong Monetary Authority on May 18 loosened the Hong Kong dollar's 22-year-old peg to the US dollar, allowing the currency to trade in a band of between 7.75 and 7.85 to the greenback. The move likely was vetted by the Chinese authorities,...
Money Magnet
Dubai's international financial exchange, due to open in September, aims to provide a much-needed arena for drawing in international capital.The states of the Gulf Cooperation Council (GCC) and the United Arab Emirates (UAE) may boast oil-rich economies...
Morgan Stanley's Purcell Feels Heat from Florida Ruling
UNITED STATESPhilip J. Purcell, the embattled chief executive of Morgan Stanley, can't seem to catch an even break. A Florida jury ruled last month that Morgan Stanley, the world's biggest securities firm by market value, must pay billionaire investor...
Riding the Ipo Wave
BRAZILAs the Brazilian central bank hikes the benchmark lending rate to curb inflation, resulting high interest rates are prompting a streak of IPOs on the SIo Paulo stock exchange (Bovespa), as corporates shun loans to raise financing through equity...
SEC Likely to Change Rules for Securities Offerings to Attract Foreign Issuers
CORPORATE FINANCING FOCUSNow that the burdens imposed by the Sarbanes-Oxley Act have scared a number of non-US issuers away from the US capital markets, the securities and Exchange Commission is preparing to reform the securities offering process, hoping...
Sharing the Blame
Argentina's finance minister, Guillermo Nielsen, was clearly thrilled last month when he learned that his country had won a resounding victory in its battle to push through its controversial debt swap deal (see cover story, page 12). But even he must...
Spreads Widen as Investors Flee to US Treasury Bonds
US companies will be paying more to borrow money in the wake of the widening of credit spreads between corporate and treasury bonds following the downgrading of General Motors and Ford Motor.Coming months sooner than expected, the move by Standard &...
Us Receives Bloody Nose from the OAS
THE AMERICASWashington was dealt a blow when neither of its two candidates to head the Organization of American States (OAS)-considered a US-dominated regional organization-garnered enough votes. Instead, Chilean interior minister José Miguel Insulza...
Voicing Approval
Already recognized as a key element of any CRM strategy, speech recognition technology is, only set to grow in popularity as prices come down and products become increasingly sophisticated.Speech recognition software is best known for its presence in...
Winning by Default
ARGENTINAArgentina's default and subsequent meager settlement for creditors will change forever the rules for emerging market investors. Raising funds will likely get much more difficult.Giullermo Nielsen is wearing a big smile these days-as well he...