News Archives

Join the global community of corporate and public-sector finance industry leaders reading Global Finance monthly in print.

Click Here

Emerging & Frontier Markets

Tough Times Ahead For New Chief Executive Of Hong Kong

NEWSMAKERS: HONG KONG By Thomas Clouse Newly elected Hong Kong chief executive Leung Chun-ying will face challenges on multiple fronts when he starts his new job on July 1. All smiles: A win for Leung but voters are ...

Emerging & Frontier Markets

Water Company Launches First Cambodian Domestic IPO

MILESTONES: CAMBODIA By Thomas Clouse Cambodia’s Phnom Penh Water Supply Authority (PPWSA) became the country’s first domestically listed company in April after launching a $20.5 million IPO. Water Supply Authority is first to list on Cambodia Exchange The company ...

Banking

Could Cooperatives Change The World?

MILESTONES: GLOBAL By Paula Green Would the global economic crisis have been so severe if cooperative banks—which create value for their members as they achieve profits—ruled the financial world? And would the European Union and many of their banks ...

Economics, Policy & Regulation

Cover: Politics And Sovereign Ratings

POLITICS AND THE SOVEREIGN RATING By Michael Shari The debate rages on as to whether recent sovereign downgrades were politically motivated, or whether the ratings agencies were simply slow to act on decisions made long before. Stakeholders worldwide are ...

News

Feinberg Departs After BP Oil Spill Settlement

NEWSMAKERS: UNITED STATES By Gordon Platt Kenneth Feinberg, the Boston-bred lawyer who oversaw the process of paying out billions of dollars to victims of the 2010 oil spill in the Gulf of Mexico, was relieved of his duties last month, ...

News

Former PM Stands Trial As Outlook Improves For Iceland

NEWSMAKERS: ICELAND By Luca Ventura As his trial commenced in March in Reykjavik, Geir Haarde, the former prime minister of Iceland, was the first world leader to face criminal charges over the 2008 financial crisis. Haarde, 60, could serve up ...

Capital Raising & Corporate Finance

Free Float Frees Up Sri Lankan Rupee

MILESTONES: SRI LANKA By Kim Iskyan After months of conjecture, Sri Lanka’s central bank announced on February 9 that it would no longer defend the rupee at a particular level—in effect, allowing it to float. The move spooked investors, ...

Capital Raising & Corporate Finance

New Forms Of Collateral To Bolster European Repo Market

MILESTONES: EUROPE ByAnita Hawser With the European Central Bank temporarily suspending the use of Greek bonds as collateral in return...

News

Nigerian Candidate Breaks The World Bank Mold

NEWSMAKERS: GLOBAL By Luca Ventura When Robert Zoellick announced in February that he would leave the World Bank in June, at the expiration of his five-year term as president, initial speculation over his possible successor revolved around the usual ...

News

Reding Lobbies For Board Member Quotas

NEWSMAKERS: EUROPE By Valentina Pasquali In the European Union, women comprise 60% of university graduates but only about 12% of corporate board members. Reding: Tackling red-hot issues such as gender parity The European Commission has decided to take action ...

Capital Raising & Corporate Finance

Salon: Dean Baker – Fostering Growth

FOSTERING GROWTH By Alberto Riva Global Finance sat down with economist Dean Baker, co-director and co-founder of the Center for Economic and Policy Research in Washington, DC, and author of several books, including The End of Loser Liberalism: Making ...

Capital Raising & Corporate Finance

Strong Growth, Strong Reform In Mongolia

MILESTONES: MONGOLIA By Thomas Clouse Mongolia’s economy grew at a record-setting pace in 2011, bringing optimism for improved living standards—and concerns about overheating. In February the World Bank cited 2011 GDP growth at 17.3%, up from 6.4% in 2010. ...