Gordon Platt, Author at Global Finance Magazine

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Banking

Emerging Markets : Sukuk Squeeze Triggers Debate

MIDDLE EAST Safa: Credit crunch could boost sukuk in the longer term. Asudden slowdown in the issuance of sukuk, or Islamic bonds, could be the result of the global credit crunch, a ruling by a committee ...

News

Milestones : Gdp Growth Surprises—on Low Side

CHINA Keeping busy: China's policymakers are moving fast to maintain domestic economic activity as global growth ebbs. Following years of double-digit growth in its gross domestic product, China’s economic growth came in at a weaker-than-expected 9% in the ...

News

Milestones : Sovereign Funds Eye Santiago Principles

GLOBAL Place of principles: Santiago, Chile's capital, where the funds agreed to a series of standards. The International Working Group (IWG) of 26 member countries of the International Monetary Fund last month released a statement of Generally ...

News

Newsmakers : British Premier Leads Call For New Financial Order

UNITED KINGDOM Brown: Championing a coordinated global structure for the financial services industry. Prime minister Gordon Brown has been ridiculed in the British press for calling for a new Bretton Woods summit. He has been accused of ...

News

Newsmakers : Fed Chairman Backs Second Stimulus Plan

UNITED STATES Bernanke: Running out of weapons in the battle against economic turmoil. Federal Reserve chairman Ben Bernanke urged Congress last month to pass a second economic stimulus plan, saying that the US economy was likely ...

Capital Raising & Corporate Finance

Corporate Finance : European Mergers Gain With Pair Of Big Deals

MERGERS & ACQUISITIONS Europe passed the United States in corporate dealmaking in August thanks to two large transactions, including a spin-off and a hostile bid. The total of US mergers and acquisitions for the year to date of $849 billion, ...

Capital Raising & Corporate Finance

Corporate Finance : High-yield Market Remains Shuttered

CORPORATE DEBT Less than $1 billion of US high-yield bonds were sold in August, one of the lowest monthly totals ever, as rising defaults and widening spreads above US treasury securities steered investors away from the market. Caribbean Restaurants, the ...

Capital Raising & Corporate Finance

Corporate Finance : Hong Kong To Trade Drs To Boost Foreign Listings

GLOBAL EQUITY/DRS Hong Kong’s stock exchange has put a framework in place to begin trading depositary receipts, which will make it the only Asian exchange to allow DR issuers to target retail investors. Hong Kong Exchanges and Clearing (HKex) ...

Capital Raising & Corporate Finance

Corporate Finance : Stronger Dollar Will Take Bite Out Of Overseas Earnings For Us-based Multinationals

FOREIGN EXCHANGE Get ready for some unpleasant surprises on the earnings front as a result of the dollar’s sudden recovery from a record low of $1.60 against the euro in mid-July. By early last month the euro ...

Emerging & Frontier Markets

Emerging Markets : Saudi Market Opens To Foreign Investors

MIDDLE EAST Dubai International Financial Center: Business is growing. The opening of Saudi Arabia’s stock exchange, the largest in the Arab world, to investors from outside the Gulf Cooperation Council (GCC) couldn’t have come at a better ...

Emerging & Frontier Markets

Emerging Markets : Emerging Markets Begin To Feel Pain

NEWS The world’s emerging equity markets had a gloomy summer, falling 19.4% in the three months through August, compared with a decline of 11.55% in developed equity markets in the same period, according to an analysis by Standard & Poor’s. ...

Emerging & Frontier Markets

Emerging Markets : Infosys Climbs Up The Value Chain

COMPANY TO WATCH: INFOSYS TECHNOLOGIES/INDIA Infosys Technologies, India’s second-largest IT services provider, announced a $755 million cash deal to buy UK-based Axon, which advises companies on installing business software created by SAP of Germany. If the transaction is completed, it ...