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. 18, No. 9, October

Banks Explore Ways to Deploy Surplus Capital
How to deal with the surplus capital on their balance sheets has become a key challenge for many financial institutions.For some companies, not having enough capital is a constant source of headaches. However, the situation is quite different for many...
Business and Government Begin to Work Together
INDONESIAIndonesia's government appears to be taking its role in driving economic growth seriously. Its progressive attitude is helping businesses, both domestic and foreign-owned, to grow and become more competitive.Peter Fanning doesn't have much time...
Central Banker Report Cards 2004
This year has been an interesting time to be a central banker. With the US dollar taking a tumble against almost all other currencies, the world's central bankers have had to take a long hard look at their exposure to the dollar. As Global Finance went...
Discipline and Reforms Begin to Bear Fruit
TURKEYTurkey's challenges are far from over, but its determined efforts to stabilize its economy and to become the gateway to the East for the Western world are beginning to pay off.Talk of a turnaround and long-term sustainability of the recent economic...
Firm Fails to Keep It in the Family
UNITED STATESOne wonders what Frenchman Michel David-Weill is thinking these days as Lazard, the closely held investment bank that his immigrant family founded in 1848 as a New Orleans dry goods store, may soon be on the auction block. The lead auctioneer...
Growth at Any Cost
When Britain's chancellor of the exchequer, Gordon Brown, weighed in recently on the debate over the drag Europe is exerting on world economic growth he was voicing a sentiment that many in the US have been expressing for a considerable time. His point...
Hedge Funds under Increasing Scrutiny
UNITED STATESAn SEC proposal to register hedge fund advisers has received a mixed response, with some welcoming it as long overdue and others saying it could impose a regulatory burden that would mean the sec was less able to focus on uncovering existing...
Hopes Rise for Future on a Divided Island
CYPRUSCyprus has experienced a great deal of change recently but still faces the future with a good deal of optimism.It has been an eventful year for the beautiful but divided eastern Mediterranean island of Cyprus. On May 1 Cyprus joined the European...
Low Productivity Costs the British Economy Billions
UNITED KINGDOMPerceptions of the UK's international competitiveness have suffered a blow with studies indicating that low productivity is costing the economy £87 billion annually. According to a study conducted by Proudfoot Consulting, the banking and...
Output Bounce Raises Threat of Overheating
CHINAChinese industrial output rebounded in August after months of decline. Analysts said strong export growth could explain some of the 15.9% year-on-year rise. But the data suggests state measures to cool off China's economy are becoming less effective,...
Panama's Former Canal Chief Jumps in the Deep End
PANAMAHe doesn't carry the star appeal of Panamanian tourism minister and international salsa king Ruben Blades. But neither does he have the ominous family name of Panama's newly elected centrist president Martin Torrijos, son of the notorious long-time...
Putin's Image Takes a Beating
RUSSIAThe so-called Yukos affair continued to dominate headlines. The naming of Dresdner K lei n wort Wasserstein to value the oil company's major production unit, prior to an anticipated sale to raise proceeds to pay off Yukos's still-mounting tax bill,...
Rainbow National Offering Clears Way for Spin-Off
THE AMERICASRainbow National Services, the programming subsidiary of Bethpage, New York-based Cablevision Systems, sold $800 million of notes in a two-part offering in the private-placement market.Cablevision, which began as a cable television operator...
Royal Bank of Scotland Issues Preference Shares
EUROPERoyal Bank of Scotland, the second-largest bank in the UK, issued $925 million of preference shares in the form of American Depositary Receipts.A portion of the proceeds may be used to help pay for RBS's acquisition of Cleveland, Ohio-based Charter...
Strong-Dollar Policy May Survive Election
THE AMERICASThe official currency policy of the US administration in the years ahead will continue to be that a strong dollar is in the best interests of the country, no matter who wins next month's presidential election, analysts say.While the victor...
The United States of South America?
LATIN AMERICATwo hundred years after Latin American liberator Simon Bolivar proposed creating a League of South American Republics, some Latins are calling for the establishment of a political and economic union to rival the EU. Some have even begun...
The World's Best Banks
WORLD'S BEST BANKSA growing global economy made it somewhat easier to be a banker in the past 12 months, as credit risks generally declined and demand for banking services was brisk. The skills of the world s bankers are being tested at present, however,...
The World's Safest Banks 2004
Global Finance selects the World's Safest Banks, the 50 institutions with the highest ratings from the leading international credit ratings agencies.It is perhaps a sign of things to come that a giant French bank has snatched the top spot in Global Finance's...
Turf War Rages over Electronic Payments
TREASURY & CASH MANAGEMENTInternet-based technologies are threatening to make existing electronic payments systems obsolete.In the late 1960s a handful of large companies took the first few awkward steps toward making electronic commerce a reality....