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. 5, May

Asaka Bank: Your Key for Success in Uzbekistan
To support the development of key industries, the Government of Uzbekistan-understanding the importance of such growth to the national economy-created specialized financial institutions. Development of the motor industry fell to the young and ambitious...
Building Bridges
CYPRUSAs its economy continues to grow, Cyprus is hoping to take advantage of its strategic position between Europe and the burgeoning markets of the Middle East and Africa.The year 2004 was one of mixed emotions for the Mediterranean island of Cyprus....
Changing Standards, Changing Markets
We brought together some of the industry's leading players to discuss recent developments in the cash management industry.GLOBAL FINANCE: How will corporate treasuries interact with banks in the future? How will this be affected by changes in standards?...
Commercial International Bank Builds Advanced Infrastructure
Adopting state-of-the art technology to better serve customersEver since our establishment in 1975, Commercial International Bank (CIB), Egypt's largest and most profitable private bank, has continually worked to improve the service we offer our customers....
Dollar Faces Still-Wider Current Account Deficit
Judging by all the recent attention given to the J-curve by economists and analysts, the outlook could get worse for the dollar before it gets better.The dollar has been rising in recent weeks in anticipation of higher US interest rates, but analysts...
Em Roundup
CHINABANKS STRUGGLE BUT STOCK MARKET RECEIVES A BOOSTIn April anti-Japanese protests in Beijing, Shanghai and Guangzhou further strained the perennially tense China-Japan relationship after Japan approved textbooks that critics claim play down Japan...
Entry Strategy
Prospective future entrants to the EU have been watching with interest the progress of the 10 countries that joined the union a year ago.A year has passed since the European Union's enlargement of May 2004 when 10 new member countries, eight of them...
EU's Prospectus Rules Fail to Roil GDR Market
On July 1, 2005, the European Union will implement the Prospectus Directive, a cornerstone in the creation of a single pan-European capital market.The new legal framework, which applies to both EU and non-EU issuers, will introduce a single set of documents,...
High-Yield Market Gets Ready to Embrace Falling Auto Angels
CORPORATE FINANCING FOCUSAnalysts say it's not a question of if, but when the bonds of General Motors and Ford Motor will slide below investment grade, probably late this year.The once triple-A-rated US automakers are flirting with high-yield status,...
Lula Struggles to Balance Promises with Stability
BRAZILPresident Luis Inacio LuIa da Suva's approval rating has dropped by six points since February of this year. Conducted by the Sensus polling firm and released by the National Transport Confederation late last month, the national poll found that...
Only for the Brave
The stakes are high, and so are the risks. So why are multinationals still buying into the Russia story?The weather outside was sunny; the mood inside anything but. More than 1,000 businessmen, politicos and financiers had gathered in early April in...
Private Equity Firms Working Together
A listing of the members of the investor group that agreed to acquire SunGard Data Systems in an $11 billion leveraged buyout in late March reads like a Who's Who of private equity.Silver Lake Partners, a Menlo, California-based buyout firm that focuses...
Putin's Dangerous Game
What a difference two years can make. As we find out in our cover story this month (see page 8), the currently frosty investment climate in Russia is showing no signs of warming up any time soon. President Putins Kremlin is becoming, if anything, more...
Putin Tries for a New, Kinder Image
RUSSIAIn late March President Vladimir Putin extended an olive branch to the country's oligarchs by proposing legal reforms that would in effect put shady privatizations of the 1990s beyond the reach of the law and that would also streamline tax collection....
Software Offers Compliance Solutions
COMPLIANCECompanies are finding that software can help them rein in the high costs and disruption caused by complying with new regulations.The government's main instrument to promote corporate responsibility and prevent future Enron debacles, the Sarbanes-Oxley...
The Bank of New York's EEMEA Conference Draws Record Attendance
Not far from the ancient Via Maris, a route used for thousands of years by traders and travelers, EEMEA issuers met to discuss trade of a more modern sort.With the Red Sea to the south and the Mount Sinai mountain range to the north, Sharm el-Sheikh,...
The Best Emerging Market Banks 2005
BEST EMERGING MARKET BANKSIn the 12th annual Global Finance survey of the world's best emerging market banks, we honor those banks that consistently provide excellent service and security in often-tumultuous markets.In the dynamic world of emerging market...