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. 9, October

2006 World's Best Banks
As the global economy continues to be challenged by rising interest rates and oil prices, banks are under increasing pressure to provide more sophisticated levels of service spanning multiple markets for less. The need to comply with a raft of regulations...
Buyouts Keep Getting Bigger as Private Equity Firms Rush to Invest Billions Pouring into New Funds
CORPORATE FINANCING FOCUSThe four-year-old boom in private equity investing reached a feverish pitch this summer as firms awash with cash hurried to put some of it to work in corporate takeovers and billions of dollars more poured into newly raised buyout...
Central Banker Report Cards 2006
CENTRAL BANKER REPORT CARDSStagflation is back. Rising prices of oil and other commodities, combined with slowing global economic growth, have created a dilemma for many of the world's central bankers. Should they raise interest rates to contain inflation...
Chavez Trades More Than Insults
VENEZUELAWhile hardly a day goes by that Venezuelan president Hugo Chavez doesn't attack "Mr. Danger" (President George W. Bush) or "the Empire" (the United States), two-way trade between Venezuela and the United States is soaring. And it's not just...
Citigroup and WFP Work Together to Combat Hunger
GLOBAL FINANCE: Is the WFP Emergency Network an example of a new paradigm for public/private partnership in delivering emergency aid?MICHAEL KLEIN, chief executive officer of global banking, Citigroup Corporate and Investment Banking: The large global...
Debt Repayment Highlights Economic Recovery
RUSSIAIn mid-August Russia completed the early repayment of Its Soviet-era debt to the Paris Club, after submitting $22.5 billion in payments, marking an end of an era and underscoring the dramatic recovery in the Russian economy. Foreign debt as a share...
Fed's Pause Signals Return of Weak Dollar
The dollar will resume its long-term declining trend this fall, mainly as a result of indications that the Federal Reserve has completed its monetary policy tightening after two years of raising rates, analysts say. Worries about the US trade imbalance...
Goldman Sachs Leads Equity Underwriters
Goldman Sachs was the leading managing underwriter for global equity and equity-related deals in the first half of 2006, with more than $40 billion in proceeds, an increase of 111% from the same period a year earlier, according to Thomson Financial.Citigroup...
India Takes the Plunge with Trans-Asia Natural Gas Pipeline
INDIATata Tea Ltd (TTL), India's largest and the world's second-largest tea processing and marketing company, has made the largest-ever overseas acquisition by an Indian company. It acquired a 30% stake in Energy Brands-also known as Glaceau-an American...
Ipo Fever Abates
CHINAChina raised interest rates again in August in the latest effort to cool off the country's sizzling economic growth. The move marks the second time the central bank has raised the one-year lending rate this year and the first rime it has increased...
Merger Funding Lifts Borrowing Activity
Companies borrowed 17.3% more in the US bond market in the first half of 2006 than they did in the same period a year earlier, despite higher interest rates this year, according to the Bond Market Association. US companies stepped up their debt issuance...
Peru Grants Garcia Second Chance
PERUPeru's president Alan Garcia is hoping his countrymen have little long-term memory. Sworn in for a second term in July after a highly contested race, he now hopes to shrug off the stigma attached to his first term as president, between 1985 and 1990,...
Quattrone's Back in Business
UNITED STATESTwo years after a previous conviction was overturned on appeal, former star banker Frank Quattrone has struck a deal that could result in prosecutors dropping all charges against him. Under the terms of the deal, Quattrone, whose name was...
Spreading the Bounty
The US central banker Ben Bernanke may be fumbling a little with the levers of economic control, but in his few short months as the head of the Fed he has shown he has a firm grasp on the power that his high-profile job affords him. The latest evidence...
Surplus Peaks as Trade Boom Continues
BRAZILBrazil's trade sector continues to boom despite concerns over an appreciating currency that could make Brazilian products less competitive. Much of the rise has been driven by strong demand for commodities, whose prices remain high. The nation's...
The Show Must Go On
BUSINESS CONTINUITYThe recent spate of terrorist attacks and natural disasters has rammed home for businesses the importance of planning for the unthinkable.Companies have long been aware of the need to safeguard their valuable information and data,...
The World's Safest Banks 2006
WORLD'S SAFEST BANKSGlobal Finance selects the world's safest banks, the 50 institutions with the highest ratings from the leading international credit ratings agencies.The dust has settled after the shake-out of 2004, when Germany's part-state-owned...
Trading in Sophistication
TRADE FINANCECompanies craving increased flexibility and efficiency in their financial supply chains are finding technology can provide the key.As trading relationships become more complex and the Internet enables greater trade, companies are looking...
Turkey Weathers Storm and Comes out Strong
TURKEYWith a solid reform program that remains on track and a strong privatization program in the works, Turkey is a choice destination for those investors looking to pick up assets.When investors fled for safety from emerging markets earlier this year,...