March 2005
| Euromoney March 2005 Close to 1,800 vote in our Internet technology awards. End users tell us which banks' and other providers' internet and electronic systems they rate highest across a range of equity, fixed-income, foreign exchange and derivatives markets as well as investor and corporate services. |
Euromoney March 2005
The SEC doesn't know how many hedge funds there are and distrusts their secretive ways. Its ruling that they should register with it has prompted claims that it is ultra vires, will raise costs to unsustainable levels and reduce the competitiveness of onshore US funds. Unsurprisingly some funds are seeking ways to sidestep the requirement.
Euromoney March 2005
New approaches to managing currency funds have proliferated as demand holds up from investors disillusioned by poor performance in other asset classes. But could the market be getting saturated?
Euromoney March 2005
A record start to the year in European equity capital markets has been helped by strong fund inflows from the US. The pipeline of potential deals is healthy, with government, private equity and corporate vendors all eager to sell.
Euromoney March 2005
Analysts were convinced of the inevitability of US telecoms consolidation but the recent flurry of M&A activity was a surprise. Many analysts are dubious about its timing and doubt that much shareholder value will be generated. What's certain is that the business has been a welcome boost for M&A advisers.
Euromoney March 2005
As Uruguay and Colombia have shown, for the right country under the right circumstances local-currency bonds marketed globally can be a valuable addition to emerging market instruments, for both issuers and investors.
Euromoney March 2005
German consumer spending remains lacklustre, so it's as well that the federal republic's exports are maintaining healthy growth. But what if foreigners start buying less and Germans fail to regain confidence?
Euromoney March 2005
The opening of German financial markets to true securitization looks set to relieve banks of badly performing loans, add new capital to the mortgage markets and revolutionize the financing of Mittelstand companies.
Euromoney March 2005
The EU-induced removal of state guarantees to the Landesbanken has prompted mergers and other inter-bank arrangements. But competition remains a burning issue in Germany's overbanked market and there is room and a need for much more consolidation.
Euromoney March 2005
After a totally barren 2003 and a hesitant 2004, Germany's primary equity market looks to be reviving. Bad memories of the dot-com crash and the generally weak equity culture mean there's no rush to market but much is expected of private-equity exits.
Euromoney March 2005
Portugal's banks have got to grips with the pressures of EU membership much more effectively than the economy as a whole, which has depended on ad hoc measures rather than fundamental structural change to keep on course. But even the banks must expect more consolidation and rationalization.
Euromoney March 2005
Supporters of PFI note that more hospitals have been built in the UK in the last 10 years than in the previous 50. Detractors think the capital inflows are being spent on the wrong assets in the wrong places, leaving the future as uncertain as ever.
Euromoney March 2005
A handful of high-yield bond deals from Chinese issuers in the past six months seems to presage vast hitherto untapped issuance. But although investment banks are keen to tap demand, insiders warn that real Chinese exposure remains scarce and that risks are high.
Euromoney March 2005
Having had serial relationships with three global investment banking houses, all of which deals unravelled, Thai investment bank Phatra Securities can be forgiven
for wanting to go it alone. Although the firm still enjoys good relations with one ex-partner, the new-found independence clearly suits its style.
Euromoney March 2005
Virtually unknown outside its native Malaysia, investment bank Commerce International Merchant Bankers has rapidly consolidated its domestic dominance. Running out of room to grow, the firm is acquiring Singapore stockbroker GK Goh in its first big step to create a regional investment banking force. The ambition is evident and so are the challenges.
Euromoney March 2005
Asia's banks have capitalized on better general economic conditions by cleaning up long-overdue problems. With a few exceptions this has meant the sector is stronger throughout the region.
Euromoney March 2005
Country risk index: The latest Euromoney country risk survey reflects a slight downgrade in the assessment of overall risk levels despite sovereign upgrades from rating agencies.
Euromoney March 2005
Be careful when you write that email. It could come back to haunt you – as Henry Blodget and a growing number of corporates have painfully discovered
Euromoney March 2005
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In the global automotive sector over the past three months, investors have focused on the problems facing GM and Ford.
Euromoney March 2005
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Euromoney March 2005
Kumho Tire's IPO was oversubscribed in both the London and Seoul markets when the tyre manufacturer launched the first simultaneous dual listing by a Korean company
Euromoney March 2005
While France's 50-year OAT is creating a new segment on the euro yield curve, many other sovereigns are making the most of the clamour for long-dated bonds
Euromoney March 2005
CEO, Greenpark Capital
Euromoney March 2005
Chairman, CEO and CIO, US Global Investors