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Capital Raising & Corporate Finance

Corporate Finance : Petrochina Ipo Spurs Shanghai Stock Surge

GLOBAL EQUITY/DRS PetroChina, China’s largest oil and gas producer, added fuel to the fire of Shanghai’s overheated stock market last month with its initial public offering on the mainland. The company’s A-shares surged 163% in their $8.9 billion ...

Banking

Cover Story : A Calming Influence

CENTRAL BANKERS PERSPECTIVES Central bankers deserve much of the credit for the financial world’s ability to ride out tumultuous market conditions. Global Finance asked the central bankers who were awarded “A” grades in our recent central banker report ...

Banking

Cover Story : Brave New World

A NEW DAWN “O wonder! How many goodly creatures are there here! How beauteous mankind is! O brave new world That has such people in’t!” —William Shakespeare’s The Tempest, Act V, Scene I. From the ...

Emerging & Frontier Markets

Emerging Markets : Argentina’s Top Media Company Lists Drs On London Exchange

DR NEWS Grupo Clarín, Argentina’s largest media conglomerate, listed its depositary shares on the London Stock Exchange last month, making it the first company based in Argentina to have a DR listing on the exchange. The global ...

Emerging & Frontier Markets

Emerging Markets : Chinese Developer Delays Bond Sale

COMPANY TO WATCH: COUNTRY GARDEN HOLDINGS/CHINA Shares of Country Garden Holdings, a leading China-based real estate group, rose 37% in their debut in April on the Hong Kong Stock Exchange. More recently, the company postponed a ...

Emerging & Frontier Markets

Emerging Markets : Chinese Firm Becomes First $1 Trillion Company

CHINA PetroChina’s stock soared in initial trading on the Shanghai stock exchange China’s state-owned energy giant PetroChina Co. in early November surpassed ExxonMobil to become the world’s most valuable company. Shares of PetroChina rose from 16.7 yuan to ...

Banking

Features : Changing The Game

SOVEREIGN WEALTH FUNDS With sovereign wealth funds rapidly becoming one of the most powerful forces in global finance, one key question has emerged: Should they be feared or revered? With the subprime-induced credit crunch causing stocks of financial giants such ...

News

Newsmakers : Global Finance Helps Bring Medical Aid To Indian Orphans

INDIA Children attending lessons at the Manjushree Orphanage On November 18, a team of doctors and support workers from Amrit Davaa, Global Finance’s partner charity, embarked on their mission to deliver sustainable medical care and food aid ...

Capital Raising & Corporate Finance

Corporate Finance : China Unleashes Ipos To Soak Up Liquidity

GLOBAL EQUITY/DRS China has approved a series of major IPOs in recent weeks in an attempt to cool its soaring stock markets by flooding them with a growing supply of new issues. The country’s main Shanghai index has ...

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 : 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, ...