April 2007
all page content
all page content
Main body page content
LATEST ARTICLES
-
The financial supply chain is an important concept for CFOs and treasurers to understand. However, it is one that they might be unfamiliar with, and certainly it is unlikely to be at the top of their agenda.
-
As the deal between US-based Lyondell Chemical and Saudi Arabia’s National Titanium Dioxide (Cristal) closes so Saudi Arabian merger and acquisition activity looks set to increase further, and to cover more types of business, in 2007.
-
Investors worry about lack of outside experience, lack of star quality and the temporary prefix.
-
Revenues at Instinet’s Asian business grew by an impressive 50% last year, double the growth in regional trading volumes. The electronic broker has ambitious plans to expand throughout the region this year, opening an office in Singapore, becoming the first remote member of the Australian Stock Exchange, and establishing a partnership in India to offer electronic direct market access. However, it is in its new adopted home of Japan that the broker is making its boldest moves.
-
The launch of LCDX and release of Isda documentation in Europe could revolutionize risk transfer.
-
Structured covered bond may be repeated by other German issuers.
-
A wobble in China, a rapid sell-off in global equities, a flight to the safe haven of government bonds and the unwinding of carry trades were all evidence of a change in investors’ risk appetite starting in February and going through into March. The moves showed many things, including the interdependence not only of various currencies but also different asset classes. For a brief period, the path of global equity markets seemed to be dictated by what was going on in an intraday basis in spot sterling/yen.
-
According to Highland Capital, there are at least 13 new managers poised to bring their first CLO deals in Europe this year. Twenty-two new managers joined the market last year, doubling the size of the market in just 12 months. If the market keeps growing at this pace there will inevitably be some form of consolidation since competition for assets is already acute. Spanish savings bank Caja Madrid is currently marketing its first self-managed CLO, Neptuno. The US market continues to boom – 16 deals a month closed last year and so far in 2007 17 have been announced and 44 are ramping.
-
Hysterical headlines and wild index swings have disguised what is really going on in the world of home equity loan securitization.
-
Goldman Sachs has been fined what some might call a rather lenient amount, $2 million, for selling short an IPO pre-sale.
-
Appointment shows growing importance of Asia for business and for career growth.
-
With growth surging ahead and inflation high, some analysts have voiced their concerns that the Egyptian economy is getting ahead of itself.
-
The recent sell-off in global stock markets will not be a repeat of last May – a short correction leading to new highs. There is now more to worry about in the global economy and the liquidity cycle is at a turning point.
-
The bizarre decision by Moody’s to grant Aaa status to a rag-tag assortment of obscure Nordic credits has put the raters in the spotlight. The relationship between the rating agencies and the big investment banks should also come under scrutiny.
-
The Euromoney investment banking champions league game table is taking shape, and after a bloody back and forth at the top, Citi has put daylight between itself and its nearest competitor, BNP Paribas.
-
"Japan’s companies had better make use of the advantage of being in the Asian region. The urgent task for them is to promote localization in Asia, in order to secure from European and US firms the fruits that this prospering economy brings forth"
-
ABN merger may give global scale, but at what cost to the businesses that have driven the UK bank forward?
-
Relics of a troubled past are soon going to be put behind Mexican glass company Vitro, which has just completed a total debt refinancing. Chloe Hayward speaks to CFO Alvaro Rodríguez about his company’s rocky past and shiny future.
-
"Actually, I just pitched one of those today," says a debt capital markets banker when asked whether he detected developing interest among emerging market clients in toggle notes.
-
According to a survey by Tiger 21, a US group for high net-worth investors, the wealthy wouldn’t have been too hard hit by the sharp slide in public equity markets last month as they had already cashed out and moved money to alternative investments. Tiger 21’s 115 members, who have $7 billion in assets, reduced their public equity exposure in 2006 by 30% in anticipation of a correction. They doubled their exposure to alternative assets to 9.5% over the year.
-
Recent setbacks will not hold back the world’s second-largest economy’s growing globalization.
-
Capitalizing on the surge of private equity funds to list on stock markets, in March Standard & Poor’s launched its S&P Listed Private Equity Index.
-
Asia’s debt markets have soared and spreads over US and European markets have all but disappeared. Meanwhile, risk appetite continues to rise as new products become increasingly marginal. Asia’s debt bankers have much to ponder. Chris Leahy reports.
-
Dubai’s Emaar Properties has announced that it has struck a shares-for-land agreement with Dubai Holding, a state-owned conglomerate.
-
Stock markets keep on rising as the country celebrates the onset of the Year of the Pig. But market participants expect a correction soon and the regulators are eager to ensure that it is a controlled one that does not see off foreign capital. Elliot Wilson reports.
-
"Chávez is the ideological leader of the guerrillas in Colombia"
-
One man not joining the cult of Chávez is Latin America’s richest man, Carlos Slim.
-
BTA Ipoteka became the first Kazakh bank to issue a securitization of residential mortgage loans in the international public markets.
-
-
Citadel Investment Group is reportedly set to market its middle-office and back-office hedge fund expertise to its peers from May, and is aiming at becoming one of the top 10 administrators within five years. Citadel Solutions was set up as a subsidiary earlier this year. According to news website Chicago Business, the business has the capacity to execute two to three times the 20 million trades that Citadel handles each quarter.