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. 14, No. 7, July

Airport Development: Turbulence Ahead?
Global airport exPansion continues seemingly unhindered, but will ready financing support the pace of development? Multibillion-dollar airport expansion projects are now either breaking ground or being planned in most countries around the world. The...
Brazilian Recovery Attracts Investment
Brazil is continuing its amazing recovery from major economic surgery last year, and performance figures look their best in years. Indeed, sector analysts seem ready to pinch themselves to verify favorable developments in the wake of the systemic shock...
Casting a Vote for Webcasting
The old teleconference call to institutional investors is giving way to simultaneous audio and even video "Webcasting" to a worldwide audience on the Internet, providing investor relations professionals with a powerful new communications tool. With the...
Costa Rica Stabilizes
Costa Rica is reaching out to foreign investors and already has achieved considerable success in attracting high-tech companies. In recent years the Costa Rican economy has been characterized by its stability, with inflation and unemployment well under...
Dear Reader
If anybody has any doubt about just how global our world has become, this month's cover story on Cy- ber Cities edited and largely written by Adam Rombel should dispel it definitively. While Silicon Valley in California is still the headwater of just...
E-Bond Frenzy
Companies are rushing to issue bonds over the Internet, and investment banks are racing to de velop new bond trading systems and alliances, with new announcements every week. What's it all about.? When a unit of DaimlerChryslerAG, the world's third-largest...
Finance Energizes US Power
Deregulation in the US power market may have played out in some regions of the country but the process still is more than a few billion dollars away from completion, say market observers. Indeed, the $360 billion market in outstanding US energy Financing...
Global ADRs
THE AMERICAS May was the busiest month on record for trading American depositary receipts, with volumes up 100% from a year ago. Foreign companies are tapping the US equity market because it is the deepest market in the world. Meanwhile, the lackluster...
Global Finance Guide to Cyber Cities
Beyond California's Silicon Valley, hot hightech spots like Boston, the French Riviera, Tel Aviv, and southern India are trans themselves for the new economy, It's the new Jobs, emerging wealth, and excitement can be found, By Adam Rombel The explosion...
Global IPOs
THE AMERICAS The global IPO market is still licking its wounds from the rough ride it has suffered over the past three months, but there are signs that those wounds may be beginning to heal. There are more than 400 initial public of ferings currently...
Guerra Bancaria
One battle is over as Spain's BBVA takes over Mexico's second largest bank, Bancomer, and assumes leadership of the Mexican financial services market. Now the war for long term dominance begins. The battle for control of Mexico's secondlargest bank is...
How High Will the Fed Go?
The Federal Reserve appears hell-bent on tightening the noose until the US economy stalls and takes most of the world down with it, beginning with emerging markets.The biggest risk to the economic expansion is not inflation. It is the risk that the Fed...
Integrating Treasury Management
A host of midsize corporations is following the lead of large corporations and discovering the rewards of integrating treasury management systems with more financial activities. They are thus forging broader links with banks as new e-commerce business...
Mergers & Acquisitions
THE AMERICAS The business services and prepackaged software industries were the most active sectors for deals in Latin America and the United States in the last 30 days. Credit Suisse First Boston advised on eight deals valued at a total of $16.99 billion,...
Oceans of Debt
The global telecommunications industry, led by the frenzied bid ding for mobile licenses and big ticket mergers in Europe, is plunging into an ocean of debt Over the next year or so a dozen major companies will have to fund hundreds of billions of dol...
The Custody Evolution
Global custodians and other financial service providers met recently in New York to discuss the future of custody in the E-finance world. Global Finance's Ernest McCrary moderated. GLOBAL FINANCE: What are the key challenges facing the custody industry...
The FX Files
THE AMERICAS Currency Trading Moving Online By the end of this year seven of the world's leading foreign exchange banks will launch a new site for online trading of currencies that could lower the cost of transactions for companies and investment institutions....
The Paper Trail
Companies are ending their love affair with paper checks Most companies take out their .checkbooks to pay for purchases made on the Internet, but an aggressive group of start-up companies and some major banks are looking to change all that. The business-tobusiness...
Venture Capital
THE AMERICAS US venture capital firms raised a record $12.4 billion in the first quarter of 2000, a rise of 85 % over the same period a year earlier, according to the National Venture Capital Association. "The future bodes well for entrepreneurs because...
Where's the Value in Dot-Com Deals?
Why Internet companies are worth more when they are separated from Old Economy parents: Volatitlity-loving companies in a volatility-hating environment When AOL and Time Warner announced in January that they would merge to create a media supercompany,...
Wine World: Mondavi Cultivates France
There was a time when $10,000 or so would enable an entrepreneur to buy up a harvest of grapes in France's southern Languedoc region and have a premium wine custom-bottled for export to the US market. Today, the competition for developing fine wines...
You're Wired! How Passe!
Mobile communications are already revolutionizing business and now they're getting into every area of life Who'd have thought that being totally wired could become so unfashionable? But there's no doubt about it the future is wireless. That's where the...