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. 26, No. 9, September

A Bumper Yield
Agribusiness is increasingly being viewed as a dynamic area to invest in. But as global demand for food supplies and land increases, can banks, often criticized for their short-term outlook, meet the industry's long-term financing challenges?This has...
A New World
Global Finance evaluates the Best of the Best Treasury & Cash Management Providers in The Winners' Circle, an ongoing seríes launched as part of our 25th anniversary in 2012. By Kathryn TullyEver since Global Finance began giving awards for the best...
Asean Jolted by Discord among Membership
ASIAThe Association for Southeast Asian Nations celebrated its 45th anniversary in July in Jakarta, as conflicts over the organization's role in the region continued to create tension among its members and questions about its future.Those conflicts surfaced...
Changing of the Guard in Project Finance
As public purse strings tighten, pension funds are the most promising source of long-term funding for infrastructure projects, according to an OECD report supported by Oliver Wyman. Investment funds and insurance companies could also help to take up...
China Sugarcoats Bid for Global Energy Assets
CORPORATE FINANCE FOCUSCanadas prime minister, Stephen Harper, returned from his second official trip to China in February and announced that Beijing would lend two giant pandas, Er Shun and Ji Li, to zoos in Toronto and Calgary. The gesture was a sign...
Colombia Reaps Big Rewards from Free-Trade Agreements
COLOMBIAThree months after its free-trade agreement with the United States went into effect, Colombia is already reaping the benefits, in terms of investment, export growth and job creation. According to president Juan Manuel Santos Calderón, as many...
Cover Up
Insuring against cyber risks is stoking the imaginations of insurance companies as the risks to multinationals expand. However, companies should check what policies cover them for.Cyber risks are increasingly edging their way onto the agendas of corporate...
Crossing Asia's Frontiers
As banks and regional hubs throw their weight behind Islamic finance, shariah-compliant products are crossing not just national borders but also product lines in Asia.There's nothing out of the ordinary about Khazanah Nasional Berhad, the government...
DEMAND Where Will It Come From?
The worldwide call for public, private and corporate debt reduction raises the question of where spending and demand will come from going forward. Particularly now, as emerging markets stars- such as China and Brazil- are starting to see growth slow.With...
Expediting Growth
Trade flows between Latin America and Asia are growing at a phenomenal pace. An increasing number and variety of banks and other agencies are providing liquidity and trade finance solutions to nurture these flows. By Anita HawserDuring a recent visit...
Finding Balance
Global Finance sat down with Gary Gorton, professor of management and finance at the Yale School of Management, to get his perspective on the latest round of global financial turmoil.Gary Gorton looks at how financial crises start in his latest book,...
German Court, Central Banks Could Help Euro
A favorable ruling by Germany's constitutional court on the legitimacy of the eurozone's permanent bailout fund, and coordinated easing by global central banks are both needed to ease concerns about Europe's debt crisis, analysts said.As the euro and...
Giving Diligence Its Due
Companies are using outsourced service providers, bringing in experts, and making use of new technology solutions to stay compliant with the increasingly complex global regulations. By Karen KrollDespite some of the headlines over the past few years,...
Government Softens Stance on Lebedev Prison Term
RUSSIAA local court reduced the prison term of Raton Lebedev, the business partner of pled former oil oligarch Mikhail Khodorkovsky, in what some analysts interpreted as a slight moderation of the Russian government's stance on an issue that has long...
IPO Pipeline Grows, as Issuance Slows
The global pipeline of initial public offerings has reached near-record levels, but IPO issuance and proceeds declined substantially in the second quarter of 2012. Deal activity declined 52% and proceeds fell 36% in the second quarter from the same period...
Maple Group Finally Wins in TMX Takeover Battle
CANADAThe takeover of Canadian stock market operator TMX Group by Maple Group, a consortium of financial institutions, was approved by TMX's shareholders, bringing to a close more than a year of sometimes acrimonious negotiations with shareholders as...
Offshore Deals Help Counter Slowing Global M&A Market
GLOBALCorporate financial executives with cash to burn are turning up the heat on merger and acquisition activity in offshore financial locales around the globe. The value of deals involving offshore targets increased at double the rate of deals involving...
Race Heats Up for Next BOE Governor
UKThe recent Libor scandal in British banking highlighted the power play that is going on behind the scenes as candidates vie for the governorship of the Bank of England when Mervyn King's second five-year term expires in June next year.King found himself...
Risk Convergence
Unsurprisingly, risk is a key theme for our Seventh Annual Treasury & Cash Management supplement. 'Hurry up and wait' has been the prevailing message from global markets, and treasurers are responding in myriad ways to the changing environment in...
Risky Vision
Global Finance surveyed Who's Who honorées about the issues that keep them awake at night.Risk was the overriding theme of the 2012 Global Finance Who's Who in Treasury & Cash Management Survey. In the current uncertain environment it should come...
Social Media Payments - Will Banks Take the Plunge?
"When you give everyone a voice and give people power, the system usually ends up in a realty good place." -Mark Zuckerberg, CEO & founder of FacebookThese words from Mark Zuckerberg sum up the experience that social media has tried bringing to millions...
Star Gazing
Among Central and Eastern European countries, Poland's economic performance clearly stands out. Unlike other countries it has the luxury of economic growth, and it boasts a large domestic market that can pick up the slack when exports slow.Turmoil in...
Talk Is Cheap
Companies with European operations are discussing SEPA, but so far they are not doing much. By Kathryn TullyThe European Commission's announcement that February 1, 2014, is the deadline by which banks and corporates must process credit transfers and...
The Demand Dilemma
In the Western world, September is synonymous with the beginning of the school year, and represents the resumption of full economic activity after summer vacation. This year it is also a time of uncertainty on both the political and economic fronts.To...
The Ties That Bind
Economic forces are subtly improving prospects for Taiwanese companies seeking new markets in China.An ancient folk story from Taiwan goes something like this: A frog lives for years in a well and is convinced that the certainties of its world are the...
To Have and to Hold
Corporates are hoarding record levels of cash, but with counterparty risk increasing in the banking sector, FDIC coverage changing and money market funds looking risky, where can they park their cash for safekeeping? By Rebecca BraceMultinationaJ corporations...
Trailblazers
In the first of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and regionally by product and service category.As it has annually for 13 years, Global Finance is highlighting the banks from around the...
US Hospitals Grow Their Coffers
Community Health Systems, one of the largest hospital companies in the US, refinanced $2.8 billion of its high-yield debt in July and August, taking advantage of low interest rates and rising investor confidence in the hospital-management industry after...
Veteran Executive Takes Top Job at Nomura
JAPANAfter the insider-trading scandal that, in July, forced the resignation of both its chief executive officer and chief operating officer, Japan's largest financial conglomerate, Nomura, iasgearing up for a new chapter in its corporate history.At...
Veteran Minister Back in the Finance Seat
INDIAOften labeled arrogant and brusque, India's finance minister, Palaniappan Chidambaram, is not the most popular politician within his own Congress Party and not much in the public eye. However, few question his skills. The 66-year-old attorney and...
Who's Who
Global Finance's annual list of Who's Who in Treasury & Cash ManagementBank of America Merrill LynchPaul SimpsonHead of global transaction servicesPaul Simpson joined Bank of America Merrill Lynch in May 201 1 and now holds the title of head of global...
Zimbabwe's Banks Told to Bolster Capital Reserves
AFRICAWith the goal of stabilizing the financial system in mind, Zimbabwe's Reserve Bank has boosted minimum capital requirements for banks by as much as 900%. Commercial and merchant banks will be required to have minimum capital of $100 million, up...