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. 8, July/August

Analysts on the Couch: Dealing with Post-WorldCom Trauma Syndrome
Analysts have been reviled for not seeing through company accounts. They need to change their focus. e By Graham Field For financial analysts, the hangover from the collapse of the dot-com boom keeps getting worse. First it was the evidence of buy recommendations...
A New Bill of Rights
Despite appearances, corporate America is not about to self destruct. But that it is in need of some serious reworking, there's little doubt. Leaving aside his personal business dealings, George Bush is too closely entwined with many of the people that...
Asia: Yen Intervention Less Than It Seems
Coordinated intervention to slow the rise of the yen on June 28 by the Bank of Japan, the European Central Bank and the US Federal Reserve was less than meets the eye, analysts say. Japanese Prime Minister Junichiro Koizumi played up the operation, saying:...
Brazil: Brazil's Perfect Storm
BRAZIL South America's largest economy faces turbulence as the presidential election heats up. For investors the risks-and potential returns-are high. * By Gordon Platt Millions of Brazilian soccer fans took to the streets at the end of June, joyfully...
Business Tell Their Suppliers: Present Your Invoices Online
TECHNOLOGY ELECTRONIC BILLING/PAYMENT Buyers are increasingly driving the market for processing and paying business invoices over the Internet. - By Adam Rombel on Barger had a problem.The lead in-house lawyer for Archon Group, a Texas-based real estate...
Custodians Sharpen Focus as Market Turns Down
Some of the world's leading global custodians met recently in the offices of Global Finance to discuss trends in the custody industry. Global Finance's publisher, Joseph Giarraputo, moderated. * GLOBAL FINANCE: How has recent market underperformance...
Enron: Running on Empty
ENRON A new book gives the ABC on Enron, and it's not a pretty story. What Went Wrong at Enron. Everyone's Guide to the Largest Bankruptcy in U.S. History, by Peter C. Fusaro and Ross M. Miller. John Wiley & Sons, Inc. $14.95 It's a measure of just...
Europe: European Deal Volume Outpaces US Takeovers
MERGERS IONS Europe is overtaking the United States as the favored locale for corporate takeovers. Merger activity in Europe surpassed that in the Americas in the first half of 2002, as foreign acquisitions of US companies fell sharply, according to...
Europe: Interest Rate Outlook Favors Euro Advance
Interest Rate Outlook Favors Euro Advance As global portfolio managers seek out higher-yielding markets, Europe holds an edge over the United States and Japan.Analysts say relative interest rates have been a major factor in determining currency movements...
Iran: Iran Tests the Water with First International Bond since Revolution
European institutions, in a ibid to boost relations with Teheran, snapped up a chunk of Iran's first international bond issue since the 1979 Islamic revolution. While a majority of the 4500 million issue was sold to investors in the Middle East, European...
Living with a Weak Dollar
Company managers around the world have become used to a rising dollar in recent years. Now that the long reign of the greenback has ended, financial executives are adjusting to the new currency realities. By Gordon Platt and Paula L. Green After years...
Pass the Screwdriver
Germany's system of financing its companies is creaking and needs a makeover Like most of their compatriots, Germany's bosses will likely be spending their summer lounging on beaches from Sylt to Santorini. Unlike most of their compatriots, they will...
The Americas: ADR Trading Volume Matches Record Pace
Depositary receipts representing 15 billion shares traded on the New York and American stock exchanges and Nasdaq in the first half of 2002, equaling the record trading pace of 2001, according to Bank of New York. In addition, 13 non-US companies listed...
The Americas: Analysts: Dollar's Slide Has Only Just Begun
The US dollar doesn't have many friends among currency market analysts, who are near unanimous in forecasting a long-term decline against a broad range of currencies. The best anyone is saying is that an outright collapse of the dollar is unlikely, and...
The Americas: Market Becoming Easier to Follow
The corporate bond market has never enjoyed the same visibility as the stock market, but it is beginning to step out of the shadows. A new trade-reporting system, under the auspices of the National Association of Securities Dealers, and an expanded index...
The Americas: Standard & Poor's Launches Index
Depositary receipts representing 15 billion shares traded on the New York and American stock exchanges and Nasdaq in the first half of 2002, equaling the record trading pace of 2001, according to Bank of New York. In addition, 13 non-US companies listed...
Uh-Oh! Here Come the Bondholders
COVER STORY BONDHOLDERS In Europe, once-timid bond buyers are starting to flex their muscles When Vattenfall teed tip a L200 million-plus bond offering in late June, it thought it had the money in the bank.The issue had been some time in the making,...
United States: Musician's Online Messaging Firm Isn't Singing the Blues
As Scott jarus talks on the phone and looks out his office window onto Hollywood Boulevard, he sees people dressed in Elvis, SpiderMan and Batman costumes posing for pictures with tourists not far from the place the annual Academy Awards, or Oscars,...