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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 ...

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Newsmakers : Miliband Urges EU To Open Door To More New Members

UNITED KINGDOM Miliband: The European Union should ontinue to expand to the east The United Kingdom’s foreign secretary, David Miliband, says that the European Union should gradually expand further into Eastern Europe, including Russia, as well as into ...

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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...

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Features : Buyout Or Sellout?

FOCUS / CANADA FOR SALE The buyout boom of Canadian companies is stirring intense controversy and throwing a harsh spotlight on the role of corporate executives. As the selloff of Canada’s biggest and best-known companies reaches record levels, ...

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Milestones : $100 Billion Bank Fund Buys Time For Treasury

UNITED STATES Hank Paulson: Eager for Uncle Sam to avoid bailing out major American banks. The United States Treasury in effect told the big American banks last month to clean up their own mess and not to look ...

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Milestones : Challenges Grow In Run-Up To New Payment Rules

EUROPE Europe's payments landscape is set to change dramatically with market reforms. Banks and companies in other parts of the world are watching with interest as the deadline for radical transformation of the UK and Europe’s cross-border payments ...

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Newsmakers : Offshoring Industry Faces New Opponent: Its Clients

UNITED KINGDOM/UNITED STATES Divett: Offshoring IT involves hidden costs. Offshoring information technology services is an emotive subject that incites mixed responses from most companies. Although Wall Street financial firms were among the early adopters of outsourcing, sending their ...

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Newsmakers : US Shouldn’t Take Its Aaa Rating For Granted

UNITED STATES Nikola Swann: External imbalances put the dollar at risk of ratings downgrade. Standard & Poor’s credit analyst Nikola Swann says the dollar’s preeminent role in the world cannot be taken for granted. The greenback is still ...

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Milestones : Sepa Rollout Faces More Hurdles

EUROPE Desmares: Corporates cool on SEPA. Businesses and public sector organizations operating in Europe have until 2010 to abandon existing national payment instruments and adopt new pan-European credit transfer and direct debits. At least that is the ...

Emerging & Frontier Markets

Newsmakers : New Leader Details Economic Revival Strategy

JAMAICA Golding: Ambitious economic plans. Newly sworn-in Jamaican prime minister Bruce Golding is seeking ways to kick-start the island’s sluggish economy and tackle mounting social pressures over escalating unemployment and crime rates (his own forecasts predict 1,300 murders ...

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Newsmakers : The Maestro Strikes A Chord

UNITED STATES Alan Greenspan: Introducing his own turbulence to the markets. Talk about good timing. Alan Greenspan’s memoirs, entitled The Age of Turbulence, topped the bestseller list at Amazon.com last month as volatility continued to rattle global financial ...

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Newsmakers : Trichet Urges Better Risk Control

EUROPE Trichet: Questions investors' reliance on credit ratings. The subprime mortgage crisis in the US has forced the president of the European Central Bank (ECB) to speak out about the new sources of risk being created by the ...