June 2003
| Euromoney June 2003 Primary debt capital markets picked up so significantly in May that some bankers felt able to forecast a bumper crop of issuance for the year. But with macro events so unpredictable they weren't betting their all on that outcome. |
Euromoney June 2003
IFL is a new player with a bold mission: to become a full-service investment bank not a purveyor of niche products.
Euromoney June 2003
Hybrid capital in all forms is attractive to yield-hungry investors right now, offering sellers good terms even while the straight equity market is closed. But the leading issuers - financial institutions - are concerned about lack of regulatory and accounting clarity.
Euromoney June 2003
Euromoney's Chris Cockerill speaks to Suchart Jaovisidha, Thailand's new finance minister, about non-performing loans, competition from China, the impact of Sars on tourism earnings and the plan for a pan-Asian investment fund, the Asia Bond Fund
Euromoney June 2003
The successful privatizations of banks taken under the wing of the state after the 1997-98 crisis and well-received bonds have boosted investor sentiment about Indonesia.
Euromoney June 2003
Japan's small band of government guaranteed borrowers are planning to increase international debt issuance if the price is right.
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Leading custody banks are squaring up to provide the entire back-office and middle-office functions of fund managers, leaving them to focus more closely on investment. But outsourcing is not growing as fast as many had hoped. Now State Street is bad-mouthing its main rivals, Bank of New York and JPMorgan, saying they have held the whole market back by mismanaging their first deals.
Euromoney June 2003
Harald Orneberg, a former banker at Salomon Smith Barney and founder of Orn Capital, is one of the new breed of hedge fund entrepreneurs. He has built his business from multiple hedge funds with different strategies and is winning over fans.
Euromoney June 2003
After several phases of consolidation, Portuguese banks
are facing up to a recession that might provide incentive for acquisitions by foreign banks.
Euromoney June 2003
Euromoney's Jules Stewart talks to Jorge Jardim Gonçalves, chairman and chief executive of Banco Comercial Português, Portugal's largest bank, about how he intends to move it forward following recapitalization.
Euromoney June 2003
Spain's savings banks have built a solid market share and reputation. And the new finance law looks set to strengthen their position yet further.
Euromoney June 2003
Juan Ramón Quintás, Chairman of the Spanish Savings Banks Confederation (CECA), talks to Euromoney's Jules Stewart about the effects of the new finance law on the cajas
Euromoney June 2003
The Olympics will boost the Greek economy but it needs structural reform and debt reduction. Looming elections may delay both.
Euromoney June 2003
Kazakhstan's attraction as a return-generating safe haven among emerging markets has been boosted by upgraded long-term currency ratings. These reflect bright prospects for the Kazakh economy and recognise the well-managed banking sector.
Euromoney June 2003
Jordan has survived the traumas of the US-led military action in the region more effectively than seemed likely, mainly because state finances have been tightened up, the stock exchange modernized and privatization advanced. However western foreign investors still remain nervous.
Euromoney June 2003
Euromoney June 2003
The thousands of retail investors in Europe holding Argentine debt would be virtually powerless as individuals in negotiations on restructuring. Pooled, though, their holdings could command a veto. Enter Angel Gurria and Adam Lerrick who, for a fee, hope to arrange this.
Euromoney June 2003
Brazil's decision to use 85% collective action clauses in its recent highly successful bond issue has raised questions about slightly off-colour investor pressure. What's more, the republic may have made it harder for itself to handle a restructuring should one be needed.
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
Euromoney June 2003
President of Mercer Oliver Wyman & Co
Euromoney June 2003
Chairman, Transparency International
Euromoney June 2003
Investors are reluctant to buy European high-yield bonds. Rob Mannix reports on how lawyers might just change that
