News & Features Archive

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News

Newsmakers : Economic Gloom Hits Business Confidence

UNITED STATES As the credit crisis deepens and government measures to kick-start bank lending fall short of the mark, the mood among company CEOs, particularly those with operations in Europe and Asia, is beginning to darken. These are the ...

News

Newsmakers : In Obama America Trusts, At Least For The Next Months

UNITED STATES Barack Obama takes the oath of office during the inauguration ceremony President Barack Obama’s inauguration on January 20 bordered on a coronation, but the rhetoric will have to be turned quickly into reality if the historic ...

News

Newsmakers : Satyam Fraud Throws India’s It Industry Into Disarray

INDIA Satyam: Facing disaster When Satyam Computers’ founder, chairman & CEO Ramalinga Raju revealed the depth of the accounting fraud he had perpetuated for more than a decade, investors were left with more questions than answers, particularly about ...

Capital Raising & Corporate Finance

Corporate Finance : 1,000 Unsponsored Adr Programs Created In Last Three Months, Often Without Consent Of Issuers

GLOBAL EQUITY /DRS More than 1,000 unsponsored American depositary receipt programs were created in the last three months of 2008, in many cases without the permission of the companies whose shares are being traded in the US over-the-counter ...

Capital Raising & Corporate Finance

Corporate Finance : Credit Market Enters Eye Of The Storm

CORPORATE DEBT A combination of heavy supply and rising defaults makes it difficult to forecast a bottom for the credit markets in 2009, analysts say. The new-issue market in US high-yield bonds remained frozen solid late last year, ...

Capital Raising & Corporate Finance

Corporate Finance : Middle Market Caves In Under Weight Of Crunch

MERGERS & ACQUISITIONS * Figures may not add up, as more than one bank typically obtains credit for any one transaction. Merger and acquisition activity in the middle market, which had held up relatively well in the ...

Capital Raising & Corporate Finance

Corporate Finance : Shortage Of Dollars Supports Greenback

FOREIGN EXCHANGE A persistent shortage of dollars in global money markets is helping to bolster the greenback, even as US economic data portray an economy that is mired in recession, currency analysts say. The dollar continues to benefit ...

Capital Raising & Corporate Finance

Cover Story: The price for protection

THE NEW PROTECTIONISTS As countries seek to safeguard their economies from the effects of the global downturn, they risk being accused of protectionism. The fall-out could be ugly. When US president-elect Barack Obama sailed to victory in the November ...

News

Editor’s Letter : A Question Of Trust

At its core, the entire global financial system operates on the basis of trust...

Capital Raising & Corporate Finance

Emerging Markets : $2.9 Billion EM Fund Attracts Investors

NEWS Actis, a leading private equity investor in emerging markets, has successfully raised $2.9 billion for investment in Africa, Asia and Latin America. This is one of the largest dedicated EM private equity funds closed in 2008. The ...

Emerging & Frontier Markets

Emerging Markets : ‘Bric’ Countries Represent Half Of New DrIssuers

DR NEWS Companies based in Brazil, Russia, India and China, known as the BRIC countries, accounted for 53% of new depositary receipt programs and 52% of capital raised in DR form in the first 11 months ...

Emerging & Frontier Markets

Emerging Markets : Banking Giants Push For Growth

BRAZIL Presidents Medvedev and Lula call for the first-ever BRIC summit. Eager to maintain its status as Latin America’s largest financial institution, Banco do Brasil, Brazil’s largest state-controlled bank, announced the acquisition of Nossa Caixa, a bank ...