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. 17, No. 1, January

20 Things to Look for in 2003
After a volatile 2002, companies, banks, investors and finance officials are hoping for a calmer 2003. Global Finance looks forward to some of the markets, products and themes that might shape the coming year. Japanese Bank Failure? Might a large Japanese...
Asia: China Telecom Issue Poorly Received in US
China Telecom slashed the size of its initial public offering by more than half in the face of weak investor demand, but the IPO was still the fifth-largest new issue of 2002. Despite the big reduction, the offering received a poor reception from US...
Asia: Japanese Officials Favor Yen Decline
CORPORATE FINANCING NEWS FOREIGN EXCHANGE The pressures against the Japanese yen are mounting amid signs that the country's modest economic recovery is stalling, analysts say. A weaker yen could provide crucial support to the country's exporters, they...
Consolidation by Any Other Name
INDUSTRY FOCUS GLOBAL CUSTODY Global custodians are seeking new ways to demonstrate their commitment to a business that demands heavy capital investment. By Graham Field Custodians-or, as they prefer to be known these days, global securities services...
Europe: Weakness in Germany Keeps ECB on Alert
While analysts praised the decision of the European Central Bank to cut interest rates by 50 basis points last month, they caution that weakness in the German economy could keep pressure on the ECB to reduce interest rates further. "Although the [December]...
Global Banking Critical Issues: The Way Forward in 2003
GLOBAL BANKING BEST BANKS LOOK AHEAD Bank CEOs and senior executives from among the winners of Global Finances Best and Safest Banks awards offer their views on the challenges and opportunities facing banks in 2003. By Paula L. Green Top bank executives...
Israel / United States: Israeli Engineering Firm Takes on US Market
Meir Dor is making a big bet. Baran Group, the company Dor heads, is Israel's biggest engineering firm and has helped build and design everything from a dry storage base for the Israeli army, though wireless networks at home and in Europe, to semiconductor...
Netherlands: KPN Rings Credits Upgrade
After a torrid couple of years for Europe's incumbent telecom companies, are there signs of imminent recovery? It would seem so, if the mid-December actions by rating agency Standard & Poor's are anything to go by. The agency upgraded KPN of the...
OTP: Maintaining a Position of Leadership
GLOBAL FORUM SPONSORED STATEMENT Hungary's leading bank The honeymoon that followed liberalization of Hungary's banks during the 1990s is coming to an end. The country has 40 banks, but analysts suggest they will follow the EU trend of consolidation...
Public Woe, Private Gain
FINANCIAL MARKETS EUROPEAN BUYOUTS This market is on the rise as private equity players scour the Continent for bargains. After taking some hard knocks in 2001 and 2002, Europe's private equity buyers are recovering their touch, snaffling undervalued...
Risk and Return
DEAR READER One word captures the diverse set of legal, financial and operating factors that bashed and battered world markets in 2002-risk. Like a storm, freak gusts came from unexpected quarters as well as from regions where pressure had been long...
The Americas / Europe / Asia: Currency Forecasts
FOREIGN EXCHANGE The US dollar will not realize any benefit from expected stronger growth in the US economy this year if the recovery is accompanied by a continued widening in the trade deficit, analysts warn. "The US trade deficit looks set to deteriorate...
The Americas: HSBC Extends Reach among US Consumers
HSBC Holding agreed to buy Household International, the largest independent consumer finance company in the United States, in a stock-swap transaction valued at $15.3 billion, extending the bank's relationship to one in five Americans. Household will...
The Americas: US Economic Recovery May Not Boost Dollar
CORPORATE FINANCING NEWS FOREIGN EXCHANGE The US dollar will not realize any benefit from expected stronger growth in the US economy this year if the recovery is accompanied by a continued widening in the trade deficit, analysts warn. "The US trade deficit...
The End of the Affair?
COUNTRY FOCUS INVESTING IN THE US The United States, for years the undisputed leader in attracting foreign direct investment, is facing the prospect that it may become an also-ran in the race to pull in investors' cash. For nigh on a decade the United...
The Legal Elite Weather Tough Times
GLOBAL FINANCE SURVEY LARGEST FINANCIAL LAW FIRMS Slumping transaction volumes mean even the best law firms are taking some of the pain. The past year wasn't expected to be much more successful for financial lawyers than the preceding one.And it wasn't.The...
United States: GECC Goes Retail
Mom-and-Pop investors in the United States have a new fan: the country's corporate treasurers. Spooked by choppy bond markets and wary of shrinking commercial paper markets, finance officials are increasingly seeking to tap retail investors directly....