News
Editor’s Letter : A new world view
As Global Finance was going to press, Venezuelas president Hugo Chvez was squaring up for a showdown with the United States...
The United States
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Emerging & Frontier Markets
Emerging Markets : Foreign Investment Limits Tumble
INDIA Piling in: Investors gave an enthusiastic response to Reliance Power's $3 billion IPO. In its bid to keep up the growth momentum in the Indian economy, the Indian coalition government lifted investment restrictions on foreign investors in ...
Country Report
Features : An Island In The Storm
COUNTRY REPORT / CYPRUS Cyprus is hoping that its recent adoption of the euro will help it better survive—and perhaps even thrive—during the coming global turbulence. Cyprus is hoping that its recent adoption of the euro will help ...
Banking
Features : Opportunity Play
SOVEREIGN WEALTH FUNDS Sovereign wealth funds snap up bargains in one of the biggest financial industry land grabs in history. Bader Al Sa'ad, head of Kuwait's SWF, helped arrange a huge cash infusion for Citi. To say Citi and ...
Capital Raising & Corporate Finance
Features: Riding A Growth Wave
SECTOR REPORT / SHIPPING FINANCE Growth in world trade spurs demand for financing of ships and terminals. Sharp growth in the size of cargo ships has prompted expansion of the Panama canal. Sharp growth in the size of ...
Emerging & Frontier Markets
Milestones : Israel Loosens Investment Restrictions
ISRAEL Tel Aviv: Aiming for greater integration with world markets. Israel’s minister of finance Ronnie Bar-On has approved a legislative amendment that will enable foreign portfolio management companies to serve Israeli clients and operate in Israel without the ...
News
Milestones : Profits Of Doom: Exxon Mobil Causes Uproar
UNITED STATES Gas complaint: Exxon Mobil says growing consumption is pumping up its profits. A long-simmering debate boiled over last month after Exxon Mobil reported the highest earnings ever by an American corporation, topping its own record set ...
Emerging & Frontier Markets
Newsmakers : Taxing Times For A New President
GUATEMALA Colom: Facing challenges on the fiscal front. Just weeks after being sworn in on January 14 as the new Guatemalan president, Álvaro Colom—the Central American country’s first left-of-center leader since Jacobo Árbenz, who was overthrown in a ...
News
Newsmakers : US CEOs May Face Euro-Style Packages
UNITED STATES / EUROPE With corporate fat cats’ earnings increasingly in the spotlight, particularly in these credit-challenged times, it appears that CEO remuneration packages vary markedly depending on which side of the pond they are on. According to ...
News
Newsmakers : US Wakes Up To Economic Benefits Of Clean Energy
UNITED STATES Clean energy technologies are key to the US's future economic prosperity. US president George W. Bush may not have signed the Kyoto Protocol for reducing carbon dioxide emissions, but with consumers feeling the pinch of high ...
Capital Raising & Corporate Finance
Corporate Finance : Cross-border Mergers Set Record, As Global Consolidation Continues In Many Industries
Mergers & Acquisitions Cross-border mergers and acquisitions accounted for a record 47% of worldwide M&A; transactions in 2007, as global consolidation continued to drive merger activity in the materials, financials, and energy and power sectors, according to Thomson ...
Capital Raising & Corporate Finance
Corporate Finance : Us Economic Slowdown, Rate Cuts To Drub Dollar
Foreign Exchange With the US economy nearing a recession, if it hasn’t already entered one, the Federal Reserve will continue cutting interest rates in the months ahead, likely leading to further losses in the already beat-up dollar, analysts say. The ...