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. 27, No. 1, January

A Return to the Fast Lane for M&A
CORPORATE FINANCE FOCUSMergers and acquisitions could gain traction in 2013, following a disappointing year for dealmaking activity in 2012. Although the global economic outlook remains clouded, there are plenty of bright spots, analysts say. The outlook...
Augmented Reality in Financial Services: Moving from Science Fiction to Commercial Opportunities
Who would believe that Steven Spielberg's high-tech futuristic shopping mall concept in the movie Minority Report, where Tom Cruise's character is confronted with digital signs that call out his name when he passes them, would one day be brought to the...
Billion-Dollar Woman Dressed for Success
NIGERIAA 61-year-old Nigerian oil tycoon is now the richest black woman in the world, having recently overtaken American entertainment mogul Oprah Winfrey for the tide. Her name is Folorunsho Alakija and she is worth at least $3.3 billion, a fortune...
Bond Returns to Stay Positive in 2013
Analysts expect another year of positive returns for the fixed-income markets in 2013, although gains will be harder to com e by than in 2012, owing to narrower spreads. Emerging markets corporate bonds and lower-rated credits could attract yield-seeking...
Build or Buy?
As regulation and competition in the transaction banking space spur higher levels of technology investment, banks and vendors have found new ways of working together.The demands on global transaction banks for technology investment have never been greater....
Canadian Carney Offers A Fresh Perspective at BofE
UKMark Carney, governor of the Bank of Canada, will have a new job next year. Starting in July, Carney will cross the pond to become the first non-native in history to head the Bank of England.Carney's actions as the Bank of Canada's governor have played...
China, Latin America Could Boost IPOs
After declining sharply in 2012, initial public offerings could stage a turnround in the new year, say analysts, with China and Latin America leading the issuance. The number of global IPOs priced in 2012 year-to-date as of December 10 was down more...
Diverging Economies
For this month's Salon, Global Finance sat down with Sergio Luna, assistant director of economic research at Banamex and liaison to the research group of economic analysis and markets, Citigroup, in New York.Global Finance: What do you see as the current...
Dubai Commodities Exchange Craves More Market Share
UNITED ARAB EMIRATESDubai Mercantile Exchange is on a mission: It wants to take up more space on the screens of futures traders, according to new CEO Christopher Fix, who once sat on the other side of the screen as a commodity futures broker at BNP Paribas...
Europe and UK Relations Hit Low Tide
UK/EUUK and EU relations have always been tense, but their relationship has deteriorated dramatically in recent months. While headlines have focused on noisy arguments over support for struggling eurozone members or London's opposition to increasing...
Fed Prepares to Clamp Down on Foreign Banks
US/GLOBALThe US Federal Reserve wants foreign banks with large operations in the US to be subject to the same rules on capital and liquidity that apply to big US banks. Daniel Tarullo, a member of the Federal Reserve Board of Governors, says the Fed...
Fico Allays Critics' Concerns as Economy Outperforms
SLOVAKIAEmerging Europe doesn't generate much in the way of good news these days, owing to the region's proximity to and dependence on the eurozone. Even Poland- the region's biggest economy- is expected to see growth slow from 4.5% in 201 1 to 2.2%...
Lagarde Changes Tack on Use of Capital Controls
IMF"Temporary capital controls might prove useful," Christine Lagarde said to the audience gathered at the Malaysian Economic Association in Kuala Lumpur in November. The International Monetary Fund director's remarks heralded an historic shift in the...
Low-Altitude Flight
Over the last few weeks of 2012, when brokerage houses and investment banks were presenting their annual forecasts for the new year, there were timid signs of optimism. It will "not be as bad as expected," their economists and strategists repeated during...
Surmounting the Status Quo
Despite its wealth and strong banking sector, Kuwait is being held back by its failure to invest internally and diversify away from oil.The demonstrations that preceded - and followed - Kuwait's parliamentary elections on December 1 seemed to suggest...
The Big Get Bigger
The biggest FX banks are increasing their share of a shrinking market, amid low volatility and despite a speed bump for high-frequency traders.As global interest rates converge at a low level and the carry trade dries up, volumes are declining in the...
The Hunt for Internal Growth
China is in the midst of an economic makeover to increase domestic consumption and reduce reliance on external markets for growth. But how far are policymakers willing to go, and when?For Sinophiles, 2012 has been a rude awakening. China's leadership...
The Polluter Pays
As regulators strengthen legislation, pollution insurance is ever-more essential.Many global companies still see pollution regulation as more bark than bite. But many of the world's major economies are toughening their environmental protection regulations,...
Videgaray Appointment Signals Mexico Is Ready for Reform
MEXICOStill struggling with drug-related violence that has killed more than 60,000 people in the past six years, Mexico is a country on the mend. At least this is the assumption recently inaugurated president Enrique Peña Nieto is counting on as he sets...
Wild Season
Volatile commodities prices are poised to drive an M&A wave and are already changing how companies hedge against price swings.A storm is brewing in the global commodities markets. Perceptions of global risk are running so high that the forces that...
World of Opportunity
In a new monthly feature, Global Finance delves deep into the opportunities in frontier markets. With youthful populations, underutilized natural resources and eagerness to join the global economic community, the world's frontier markets are increasingly...
Yen's Fall Awakens FX Market
The yen took a nasty tumble last month, shaking the sleepy foreign exchange market out of a long slumber. While the attention of market participants was focused on the European debt crisis and Greece's ultimately successful attempt to get its third bailout,...