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. 9, October

2005 World's Best Banks
The biggest banks in the world have performed like well-oiled money-creating machines this year, generating billions of dollars of profits on a quarterly basis. The risks to the global economy from rising oil prices and interest rates, however, could...
All Change
LATIN AMERICAWith elections due to take place in a half-dozen Latin American nations over the next year, investors are anxiously following events in the region. They're expecting some significant changes.On Wall Street and in London and Tokyo, institutional...
Central Banker Report Cards 2005
After enjoying a couple of relatively peaceful years the world's central bankers suddenly found themselves with a lot more work on their hands. Over the past year they've faced some unexpected challenges. Few central bankers would have predicted, for...
Ellison Hungry for Deals despite Choking on Share Sale
UNITED STATESSeptember 12, 2005, was a redletter day for Lawrence J. Ellison, who has been Oracle's CEO since he co-founded the business-software company in 1977. Ellison was in the news twice that Monday morning. First, he reportedly agreed to pay $100...
End of the C-Bond Era
BRAZILRanked as the world's most-traded emerging market security for nearly a decade, Brazilian capitalization bonds (C-bonds) will soon be a thing of the past. The government will exercise a call option on its outstanding $1.2 billion worth of 8% C-bonds...
Global Banks Place Their Bets in China
International financial institutions and regional investors are shelling out billions of dollars for stakes in China's largest banks. With a booming economy and an enticing $1.5 trillion in personal savings, China has become an attraction for global...
Google Plans to Raise $4 Billion in New Offering
Internet search company Google plans to offer another 14.2 million shares to raise about $4 billion, but the California-based company says it has no immediate plans to make any major acquisitions. The offering, registered with the securities and Exchange...
Growth in Credit Derivatives Begins Attracting the Attention of Policymakers, Regulators
CORPORATE FINANCING FOCUSThe Federal Reserve Bank of New York invited 14 major participants in the credit-derivatives market, primarily investment banks, to a meeting on September 15 to discuss market practices in the fast-growing industry.Credit derivatives,...
High Oil Prices Tar Asian Currencies
The rising price of oil sent ripples through Asian currency markets in late summer, as Indonesia's rupiah found itself at the epicenter of a tempest of speculation against the currencies of regional oil importers. Indonesia, Asia's only member of the...
Local Companies Outbid Foreigners for Oil & Gas Exploration Rights
INDIAChinese 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,...
Lost Opportunity
INDONESIAJust as Indonesia's economy has begun to show signs of stability and sustained growth, high oil prices are threatening to derail it again.At face value, the Indonesian economy has been hitting high notes for the past two years, underlain by...
Make Trade, Not War!
GLOBALIt makes a good bumper sticker, but does it really make sense? According to recent research, it does. Sort of. Iran, for example, offered to send the US 20 million barrels of crude oil in the aftermath of Hurricane Katrina, but only if the US agreed...
On A Roll
RUSSIASurging oil prices are revitalizing a flagging economy, but investors should not forget the upsets of the recent past.Has Russia turned the corner-for good, this time? A vibrant commodities price environment has fueled an impressive streak of economic...
Political Clouds Lift
THE PHILIPPINESBusinesses in the Philippines look set to benefit from the newly stabilized political environment.President Gloria Macapagal Ardroyo of the Philippines had reason to exhale a sigh of relief on September 6. The Congress had thrown out attempts...
Somebody, Do Something!
As Global Finance was going to press, the world's leaders were gathering in New York City for the United Nations conference. Soon after that conflab, another group of the great and good were to be heading to Washington for the World Bank conference and...
South Korea Leans on Domestic Economy
SOUTH KOREASouth Korea is showing the potential for strengthening economic growth, but old burdens and new threats loom.That the South Korean economy is export driven is undisputed even now as it faces the challenge of a possible weakening of demand...
The Investment Magnet
TURKEYWith most first-tier banking assets now sold off, foreign investors are looking to second-tier banks, privatization plans and the corporate market for further investment in Turkey.Investor interest in Turkey continues to grow rapidly in the run-up...