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Capital Raising & Corporate Finance

Corporate Finance : European Energy Deals Keeping Investment Bankers Busy Despite Slump In Leveraged Buyouts

MERGERS & ACQUISITIONS Energy companies are fueling a merger boom in Europe, as the industry continues to restructure in response to liberalized markets and foreign competition. Investment bankers are welcoming the advisory fees from these huge deals at ...

Capital Raising & Corporate Finance

Corporate Finance : Us High-yield Market Coming Back To Life

CORPORATE FINANCING NEWS / CORPORATE DEBT The high-yield bond market in the United States has revived, thanks in part to the Federal Reserve’s half-point interest rate cut on September 18, with some companies able to double the size ...

Capital Raising & Corporate Finance

Corporate Finance : Weak Dollar Unlikely To Reach Crisis Stage

CORPORATE FINANCING NEWS / FOREIGN EXCHANGE The dollar tumbled to a record low against a basket of leading currencies known as the dollar index at the end of September and likely will fall further, but no dollar crisis ...

Capital Raising & Corporate Finance

Cover Story : Stop Party People

PARTY ON! PRIVATE EQUITY Private equity has had a tough year. It was hounded by legislators for its methods during the first half of 2007. And in the second half it was hit by the credit crunch. Can its ...

News

Editor’s Letter : Proceed With Caution

Seasoned observers were predicting earlier this year that fallout from the subprime crisis in the US would trigger an abrupt end to the private equity party...

Emerging & Frontier Markets

Emerging Markets : Bankers Still Bullish On Brazil

Gol: Planning share buyback Investment banks say the recent US Fed rate cut, coupled with strong domestic fundamentals, bodes well for Brazilian capital market investors. “Fed easing since mid-August has opened up a new leg of the bull ...

Emerging & Frontier Markets

Emerging Markets : Business As Usual As Chinas Wealthy Rack Up Huge Gain

CHINA At China’s mid-October National People’s Congress, Hu Jintao kept his position as president and made a clear attempt to further consolidate his power. Premier Wen Jiaobao clung onto his position as well, despite some criticism lately concerning ...

Emerging & Frontier Markets

Emerging Markets : Foreign Telecommunications Companies Embark

INDIA India calling: Global telecom firms muscle in on a fast-growing market. Following the recent acquisition of Indian telecom company Hutchinson Essar by Vodafone Group in May 2007 for $11 billion, Russian telecom company Sistema’s acquisition of a ...

Emerging & Frontier Markets

Emerging Markets : Pension Funds Like Local-Currency Debt

NEWS California’s San Bernardino County’s employees’ retirement plan awarded a $125 million mandate in October to London-based Ashmore Investment Management for investment in emerging market local-currency debt. “All our central bank clients and the majority of our pension ...

Emerging & Frontier Markets

Emerging Markets : Putin Unveils His Power Play

RUSSIA Putin’s deft maneuvering will almost certainly see him retaining power In the second political bombshell in three weeks—following the surprise mid-September appointment of the obscure Victor Zubkov to replace prime minister Mikhail Fradkov—Russian president Vladimir Putin in ...

Emerging & Frontier Markets

Emerging Markets : Study Says Dr Programs Boost Share Prices Of EM

DR NEWS Companies based in emerging market countries enjoy higher domestic share prices and improved home-market liquidity one year after opening a DR program, according to a study released in October by UK-based Oxford Metrica, an independent research firm. ...

Emerging & Frontier Markets

Emerging Markets : Warren Buffett Bangs The Gong

COMPANY TO WATCH: PETRO CHINA/CHINA Warren Buffett, the Oracle of Omaha, who is one of America’s most successful investors, could be sending a message about China’s red-hot stock market by cashing in most of his chips in PetroChina, ...