News & Features Archive

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Capital Raising & Corporate Finance

Corporate Finance : Credit default swaps market outstandings shrink as dealers tear up offsetting agreements

CORPORATE DEBT Participants in the over-the-counter credit default swaps (CDS) market have sharply reduced the notional amount of CDS contracts outstanding this year through a series of portfolio compression cycles, also known as tear-ups. The notional outstanding volume ...

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. ...

News

Editor’s Letter : Seeing beyond the numbers

In a brutal global market where so many are losing so much, it is hard to find any organization that looks like it will emerge as a clear winner from the current financial turmoil...

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 ...

Emerging & Frontier Markets

Emerging Markets : Braced For Global Slowdown

CHINA Chinese authorities in infrastructure spending spree to stimulate economy. China will spend 4 trillion yuan ($586 billion) over the next two years on infrastructure and social welfare projects, the country’s State Council announced on November 9. Policymakers ...

Emerging & Frontier Markets

Emerging Markets : Colombian Cement Maker Starts Level I Adr Program

DR NEWS Cementos Argos, the fifth-largest cement producer in Latin America, began trading its shares in the US over-the-counter market in the form of American depositary receipts. The Medellín, Colombia-based company makes white and gray cement, as well ...

Emerging & Frontier Markets

Emerging Markets : Crisis Starts To Bite Harder

AFRICA Manuel: Rand's slide will help the country balance its books. Johannesburg-based AngloGold Ashanti, Africa’s largest gold producer, hopes to refinance a $1 billion convertible bond before Christmas, despite current market conditions that have all but closed the ...

Emerging & Frontier Markets

Emerging Markets : Dubai Exchange To Boost Local Trading

MIDDLE EAST Dubai's International Financial Exchange: Simplifying access. In an effort to stimulate more trading by local investors, the Dubai International Financial Exchange (DIFX) is now allowing companies to list, trade and clear in UAE dirhams, as well ...

Emerging & Frontier Markets

Emerging Markets : Employment Market Shrugs Off Global Downturn

INDIA Boom from bust: State Bank of India is taking on more staff as business builds strongly. India’s job market appears to have escaped unscathed in the global wave of retrenchment. There were concerns that the outsourcing industry ...