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. 16, No. 12, December

Asia: Japan's Economic Game Plan Panned
There was general disappointment in the foreign exchange market over Japan's new economic packages this fall, but the yen continued to rise, nonetheless. Japan's muddle-through strategy remains intact, analysts say. It was the low-yielding yen, however,...
Battered Not Bowed
BOOK REVIEW ALAN SHRUGGED How will history judge the Fed Chairman's first thirteen years? By Mark Johnson Alan Shrugged. Alan Greenspan, The World's Most Powerful Banker. By Jerome Tuccille. John Wiley & Sons, Inc. $27.95 At first sight, the charge...
Brazil Attempts to Kickstart a Post-Election Export Drive
COUNTRY Focus BRAZIL The world's attention has focused on Brazilian politics, but the country's exporters have their own needs By Paula L. Green When the new administration of Luiz Inacio da Silva (Lula) assumes power in Brazil on January 1, 2003, the...
Edinburgh's New Money
CITY FOCUS EDINBURGH The Scottish capital is on a tear as financial institutions set up shop. Known outside Scotland for castles, shortbread and a booming art festival, Edinburgh has crept up the outside lane to become a vibrant financial center in its...
Europe: Euro Breaks out of Technical Trap
The euro had been trading in narrower and narrower ranges against the US dollar since July, in what technical analysts refer to as a "pennant formation," until it finally broke to the upside in early November. "The stars are aligned for a bigger move...
Europe: Vodafone, Vivendi Vie for Cegetel
UK-based Vodafone Group, Europe's largest mobile phone company, is locked in a battle with debt-laden Vivendi Universal of France for control of Cegetel, the French phone company.The real prize is SFR, France's second-largest mobile operator, which is...
Future of Foreign Exchange
GLOBAL BANKING CRITICAL ISSUES A Special Editorial Report: Foreign Exchange Forecasts-A New Kina of the Hill? Key currency executives of the World's Best Foreign Exchange Banks, as chosen by Global Finance editors in 2002, preview the critical issues...
Gaining a New Life for Your Company
Europe's companies benefit from the growth of a rescue culture. Charlie Parker has just gotten a second chance-and he's not about to waste it.The personable Englishman is CEO of Clubhaus, a golf and country club operator based in the stockbroker belt...
Getting Back on Track
After a rough year in 2001, the global consulting industry hoped 2002 would put it back on track. It didn't work out that way. Slow regional economies and business scandals such as Enron that have tarred some consultarts have been only part of the problem....
Laws and Entrepreneurship
In this month's cover story we take a look at the arena of distressed companies and the way in which Europe is developing-or being forced to develop-a corporate rescue culture. The United States, of course, has a long tradition of rescuing troubled companies,...
Searching for New Ways to Deal with Trade Finance Risk
TRADE FINANCE ROUNDTABLE SPECIAL REPORT Some of the world's leading trade finance providers met in London recently to discuss the challenges facing their industry. . Global Finance's editor Mark Johnson moderated. * Global Finance: As we all know, it...
South America: And Brazil Waits
NEWSMAKERS AROUND THE WORLD International financial markets are waiting to see whom Brazilian President-elect Luiz Inacio Lula da Silva will select to fill the country's top two financial posts come January 1. As Global Finance went to press, Antonio...
The Americas / Europe / Asia / Currency Forecasts
With the US economy threatening to tip back into recession, the last thing America needs right now is a strong-dollar policy, analysts say. At the same time, however, the risk of a dollar collapse will prevent the Bush administration from admitting that...
The Americas: High-Yield Issuance Remains Depressed
New issuance of high-- yield bonds fell to $2.2 billion in October, as spreads over US Treasuries continued to widen amid an ongoing flight to quality by investors. The high-- yield sector returned a negative 0.34% for the month, bringing the year--...
The Americas: SEC Begins Enforcing Online Filing Rules
The US Securities and Exchange Commission has begun enforcing new rules mandating foreign issuers of securities in the US market to file documents on the agency's electronic data gathering, analysis and retrieval system, or Edgar. The rules require that...
The Americas: Strong-Dollar Policy Goes out the Window
With the US economy threatening to tip back into recession, the last thing America needs right now is a strong-dollar policy, analysts say. At the same time, however, the risk of a dollar collapse will prevent the Bush administration from admitting that...
Turkey: Turkey's New Economic Maestro Emerges
Ali Babacan is the economic face of the new Turkish government, an entity to which foreign investors have reacted with considerable more equanimity than some European leaders. The 35-year-old is the new economic minister responsible for the central bank...
Turkey: ...While Bank Battle Rages
The new Turkish government may have made an encouraging start in convincing the international community that it is serious about continuing economic reform, but it now has to pour water on a sudden flame-up over the clean up of the country's banking...
United States: Stock Option Software Firm Adjusts to New Times
In the go-go stock market bubble era of the late 1990s, life was good for Les Trachtman, chief executive of Transcentive, a company that makes software to manage corporate stock option plans. How could it not be? The boom in equities and initial public...
United States: US Legal Hazards May Threaten FDI
Call it D-Day in reverse. Having spent so much time and energy crossing the Atlantic, many European companies now find themselves marooned in a legal minefield in the United States. With class action suits growing in scope anc size, and the new Sat bannes-Oxley...