Global Finance Magazine

Global news and insight for corporate financial professionals

Global news and insight for corporate financial professionals

News & Features Archive

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Emerging & Frontier Markets

Company to Watch: BR MALLS / Brazil

BRAZILIAN MALL OPERATOR RINGS UP SALES GAIN By Gordon Platt Brazil’s retail sales rose more than expected in December—climbing 6.7% from a year earlier and suggesting that domestic consumption will remain strong despite global market conditions. BR Malls, ...

Banking

Could Cooperatives Change The World?

MILESTONES: GLOBAL By Paula Green Would the global economic crisis have been so severe if cooperative banks—which create value for their members as they achieve profits—ruled the financial world? And would the European Union and many of their banks ...

Economics, Policy & Regulation

Cover: Politics And Sovereign Ratings

POLITICS AND THE SOVEREIGN RATING By Michael Shari The debate rages on as to whether recent sovereign downgrades were politically motivated, or whether the ratings agencies were simply slow to act on decisions made long before. Stakeholders worldwide are ...

Capital Raising & Corporate Finance

Debt: Corporate Bonds Break Records

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Issuance of high-grade US corporate bonds soared to $99 billion in February. Issuance of high-grade corporate bonds in the US market soared to a monthly record high of $99 billion ...

Emerging & Frontier Markets

DR News: Russia Reforms Laws For DR Issuers

EMERGING MARKETS INVESTOR: DR NEWS By Gordon Platt Russia made a number of major changes in its securities legislation that will affect depositary receipt programs for shares of Russian issuers, according to law firm Dewey & LeBoeuf. Some of ...

Capital Raising & Corporate Finance

DRs: Facebook Adds 25 More Underwriters

CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt Facebook prepares for its initial public offering that it hopes could raise $10 billion. Facebook added 25 new underwriters to its original group of six, as it ...

Emerging & Frontier Markets

EM News: Investment To Support Chinas GDP Growth

EMERGING MARKETS INVESTOR: NEWS By Gordon Platt Monetary and fiscal policies in China will ease further to support investment in infrastructure, public housing and water resource projects, says HSBC. In addition, Beijing should and will likely deregulate sectors, ...

News

Feinberg Departs After BP Oil Spill Settlement

NEWSMAKERS: UNITED STATES By Gordon Platt Kenneth Feinberg, the Boston-bred lawyer who oversaw the process of paying out billions of dollars to victims of the 2010 oil spill in the Gulf of Mexico, was relieved of his duties last month, ...

News

Former PM Stands Trial As Outlook Improves For Iceland

NEWSMAKERS: ICELAND By Luca Ventura As his trial commenced in March in Reykjavik, Geir Haarde, the former prime minister of Iceland, was the first world leader to face criminal charges over the 2008 financial crisis. Haarde, 60, could serve up ...

Capital Raising & Corporate Finance

Free Float Frees Up Sri Lankan Rupee

MILESTONES: SRI LANKA By Kim Iskyan After months of conjecture, Sri Lanka’s central bank announced on February 9 that it would no longer defend the rupee at a particular level—in effect, allowing it to float. The move spooked investors, ...

Capital Raising & Corporate Finance

FX: EU Debt Still Commands Center Stage

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The foreign exchange market continues to be rattled by Europe's debt crisis, analysts say the issue is far from settled. The foreign exchange market continues to be rattled by ...
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