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Sustainable Finance

Milestones : Business Schools Promote Responsibility

UNITED STATES     Greening finance: Social and environmental ethics will form part of business curriculums. A burgeoning global movement to reshape corporate behavior by weaving corporate social responsibility principles into business school teaching got a boost last month. At ...

Emerging & Frontier Markets

Milestones : Ethanol Industry Faces Prospect Of Demand Slump

Brazil       Not so sweet: Predicted demand for Brazil's ethanol is falling. Just a year after Petrobras, Brazil’s state-controlled oil company, predicted Brazil would triple its annual ethanol output to around 70 billion liters by 2020, the market ...

News

Newsmakers : Correa Steps Up Debt Campaign

Ecuador     Correa: Buying political capital with debt restructuring. Ecuadorian president Rafael Correa has made good on his 2006 presidential campaign promise to default on any foreign debt deemed illegitimate, defaulting on $3.9 billion in global bonds. This marks ...

News

Newsmakers : Credit Crunch May Be A Myth

United States     Marenzi: Interbank lending assertions are puzzling. A chorus of dissenting voices has emerged that is challenging the widely held belief that interbank lending markets have dried up, commercial lending is being curtailed, and non-financial commercial paper ...

Emerging & Frontier Markets

Milestones : Rating Slides As Default Looms

ARGENTINA       President Kirchner makes overtures to avoid debt default. After months of analysts’ warnings that Argentina may be facing a new debt default, Standard & Poor’s agreed. The ratings agency lowered Argentina’s sovereign rating on October 31 ...

Capital Raising & Corporate Finance

Corporate Finance : Dollar Shoots Higher Amid Financial Crisis

FOREIGN EXCHANGE     The dollar will resume its remarkable comeback as slumping economies around the world trigger rising credit defaults and usher in a new flight to safety, currency analysts say. “Developments in the credit and equity markets will ...

Capital Raising & Corporate Finance

Corporate Finance : New Indexes Track London-listed Gdrs

GLOBAL EQUITY/DRS     The Bank of New York Mellon introduced 31 new global depositary receipt indexes, including a master index of all GDRs traded on the London Stock Exchange. The bank, which acts as depositary for more than 1,300 ...

Capital Raising & Corporate Finance

Corporate Finance : Surge Of Bank Mergers Dominates Deal Activity

MERGERS & ACQUISITIONS     Government-encouraged bank mergers and bailouts are keeping global M&A; activity alive amid the financial crisis, which has severely restricted financing for corporate buyouts. San Francisco-based Wells Fargo’s $15.1 billion acquisition of Wachovia, which derailed a ...

Economics, Policy & Regulation

Cover Story : Capitalizing on the Crisis

  CAPITALIZING ON THE CRISIS RETURN OF THE IMF As crippled nations beat a path to its door, the IMF is enjoying a dramatic return from near-irrelevance. How it wields its revived power and influence will determine its long-term future. ...

Emerging & Frontier Markets

Emerging Markets : Banks Continue Consolidation

BRAZIL     Brazil’s banks continued their consolidation trend, with the most recent deal in November creating Latin America’s largest financial group. Itaú, Brazil’s second-largest non-state-owned bank, announced its acquisition of Unibanco, the country’s third-largest, in a stock transaction valued ...
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