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. 2, February

Building a Payments Factory
Centralizing the processing of comercial payments offers clear cost benefitd for multinational companies and increases their control of payment flows with the chance to consolidate data on activity with suppliers. Global Finance technology editor Anne...
Emerging Markets
Emerging markets are still repairing the damage from two years of global economic woes. DAVID LUFF warns it might be better to start preparing for the next wave of turmoil. Stanley Fisher has a sobering thought for anyone rejoicing about recent stability...
E-Merging Markets
In an ideal world the Internet would shrink the global marketplace to deliver equal e-commerce access to buyers and sellers on every continent. But in emerging markets, the world is far from ideal When the rice farmers of a remote Sri Lankan village...
Hottest Stories in Global Finance
He's baaaack. Unsurprisingly, US President Bill Clinton renominated Federal Reserve Chairman Alan Greenspan, 73, for another four-year term. Greenspan has led the Fed since 1987. If approved by the US Senate, the reappointment would see Greenspan reigning...
Indonesia: Corporate Anemia
The outlook for Indonesia's corporates is grim as fears escalate over the country's ability to meet its external debt obligations.The government's total debt stands at 110% of gross domestic product, up from 26% three years ago. Most of that money is...
Japan Bundles Its Debts
After several years of speculation and a few false starts the securitization market in Japan has finally begun to take off. By US standards Japan's securitization market is still in its infancy Last year the total securitizations in Japan approached...
Log on for Inspiration
The new e-commercebased economy is all-pervasive, and senior managers must adapt to meet its challenges. Launched on this wave of corporate angst, London-based Inspired Leaders Network (ILN) aims to get you "fit for the new economy" with a range of services...
Oil Companies See M&A as Only Way
A recent Moody's Report suggests that the contagious activity is a good thing A flurry of merger and acquisition activity of late has forged a small group of titans in the oil industry that are aggressively looking to gain access to new global markets...
On the Ground in New York
When America Online and Time Warner staged a presentation in New York last month to unveil their plans to merge, the heads of the two communications giants were anxious to demonstrate how close they had become. Internet provider AOL's chairman and chief...
Risky Business
As more and more companies go global, they are demanding better and faster service from insurance companies. This demand is leading to new risk management techniques and products on the part of insurance firms. Globalization is changing the way companies...
Sovereign Debt Defaults Dip in 1999 but Not for Long
A gradual increase in sovereign debt defaults is expected over the next decade. After a dreadful period in the early 1990s, sovereign debt defaults continued to decline in 1999, registering a 2% drop from 1998, according to a new survey from Standard...
The Pfandbrief in Hollywood
Germany's Pfandbrief collateralized bond market continues to grow rapidly at home and throughout the rest of Europe, aided by the arrival of the single euro currency a year ago. Outside Europe, acceptance is growing at a slower pace because of the weakness...
The Tech Tonic
Technology-based healthcare such as biotech and E-health is helping boost an industry battered by federal cuts in Medicare and Medicaid reimbursements. Both sectors are attracting dramatic investor interest, with stock prices soaring to record levels....
Time for "Digital" Security?
Is 2000 the year when biometrics will finally gain acceptance? For some years now pundits have been predicting that fingerprinting, facial or retinal scanning, and voice recognition would replace the PINs, passwords, and swipe cards that secure our phones,...
Top M&A Deals
Argentina continues to be a magnet for overseas investment. A group headed by Goldman Sachs has paid $500 million for an 18% stake in Grupo Clan in,Argentina's top media company. Grupo Clarin's business runs the gamut from the largest-circulation daily...
Top Project Finance Deals
Billiton, a base metals group, has secured a sixand-a-half year, $240 million senior debt facility.The financing will be used to fund the development and construction of the Cerro Matoso expansion project and the maintenance and expansion of existing...
Up Front
WHAT A YEAR! The last year of the millennium produced a series of stunning superlatives in finance.Almost every sector saw records established for biggest deals, only to be topped days later by an even larger transaction. It was hard to imagine this...