August 2010
| Euromoney August 2010 Finance minister Korn Chatikavanij has steered the Thai economy successfully through huge political and social upheaval. But his long-term aim is to connect with Thailand’s people, and not just its financial and business elite, to bring prosperity to the majority. Eric Ellis shadowed Korn as he travelled beyond Bangkok, examining the extent of the grassroots challenges Korn faces to effect meaningful change in a country ill-served by previous incumbents. |
Euromoney August 2010
With the hire of China dealmaker extraordinary Henry Cai from his old shop UBS, Deutsche Bank’s Asia-Pacific chief executive Robert Rankin took another step towards making the bank as successful in investment banking as it is in the markets business. Lawrence White talks to him about what needs to be done next.
Euromoney August 2010
While jumbo IPOs and merger deals have hogged the headlines, the global markets have accounted for substantially the larger part of Deutsche Bank’s revenues in the region over the past decade and even the firm’s fiercest rivals are forced to concede that Boon Chye has built a formidable business. Lawrence White spoke to this year’s winner of Euromoney’s outstanding contribution to financial markets in Asia award about how he built up the business, what challenges the industry now faces and what he would have liked to have done differently.
Euromoney August 2010
The new president has been ruffling feathers at home while making friends and influencing people abroad – boosting his country’s international standing as a result. Guy Norton reports from Zagreb.
Euromoney August 2010
As high-net-worth wealth creation accelerates in the region, the struggle for market share between international and local wealth managers intensifies. Jason Mitchell reports.
Euromoney August 2010
Financial and legal insiders in the UK overseas territory of Gibraltar argue that it complies fully with international regulatory standards. But recent events suggest this might be wishful thinking. Eric Ellis reports.
Euromoney August 2010
The revival in the market in late 2009 seemed a sign of capital markets returning to normal after the financial market crisis and economic downturn; well-supported new listings pointed to recovery. But even as the list of prospective IPOs grows and Agricultural Bank of China completes its record deal, the market is shutting down again. Peter Lee reports.
Euromoney August 2010
While the flow of capital turns east, European corporate bond issuers are looking west – to the US capital markets – to fill funding gaps opened by the European sovereign debt crisis. The yankee bond market’s depth, its proven resilience and a new appreciation that funding options shouldn’t be taken for granted have made it increasingly important. Hamish Risk reports.
Euromoney August 2010
New regulations in the US have created a surge in demand for seven-day instruments, and sovereign risk problems in Europe have created a pool of issuers willing to issue them. But is this really the win-win situation that it appears to be? Louise Bowman reports.
Euromoney August 2010
Although the firm remains best known for its work in Europe, Rothschild’s advisory and deal-making business in emerging markets is making rapid progress. Sudip Roy reports.
Euromoney August 2010
Firms exposed to the Gulf’s more speculative property markets are no longer attractive. Top stock picks in the Middle East revolve around the large and youthful consumer populations of Egypt and Saudi Arabia. Good corporate governance is another key to foreign investment. Dominic O’Neill reports.
Euromoney August 2010
Euromoney August 2010
Euromoney August 2010
The fabric of OTC interest rate derivatives trading is being torn by a combination of regulatory and market forces. Who is benefiting from the changes, and who is struggling? Total Derivatives and Euromoney polled the banks to rank the best. Mark Ramsden reports.
Euromoney August 2010
Central clearing could erode market share; New exchanges set to take on banks
Euromoney August 2010
Sales and trading revenues slump; Morgan Stanley back in the game
Euromoney August 2010
Need to adapt to regulators’ requirements; Measures put in place to account for risk-taking
Euromoney August 2010
Wants division to provide a higher proportion of profits;
Admits to considering small acquisitions to achieve this; might need larger ones
Euromoney August 2010
Market faces workout logjam; System failing to cope
Euromoney August 2010
Iron ore demand from China plummets; Analysts say shipping glut exaggerates drop in demand
Euromoney August 2010
Moves into active equities, risk management; Not bearish on fixed income, insist executives
Euromoney August 2010
Limited liquidity sees block trade commissions rise; Ceemea block trading offers bright spot
Euromoney August 2010
Hopewell, Citic Bank issue in Hong Kong; Interbank market, investment products launched
Euromoney August 2010
Issuer says more to come; Market questions wisdom of deal pricing
Euromoney August 2010
Euromoney August 2010
Record volumes in all investment bank sectors; Shake-ups in league tables accompany fast growth
Euromoney August 2010
Ocroma plans to raise $150 million; ‘Compelling investment opportunities’ for private equity
Euromoney August 2010
Loan growth demands new capital sources; Opportune moment for Brazilian banks
Euromoney August 2010
Plan for global gold firm in jeopardy; Kazakh authorities seek greater control over oil assets
Euromoney August 2010
Central bank governor says ownership concentration must change; Report warns of systemic risk
Euromoney August 2010
The respected economist and governor of the Israeli central bank spoke to Dominic O’Neill about the global financial crisis and the unique challenges his country faces. They talked on the sidelines of 2010 Israel Investor in London on July 1.
Euromoney August 2010
Improved capitalization set to be credit positive; Related-party lending still a major risk
Euromoney August 2010
Euromoney August 2010
Private equity firms have large amounts they need to put to work, so market discipline might be sorely tested over the next few years.
Euromoney August 2010
Russian bank IIB’s default on a Eurobond pinpoints the Russian state’s power to make or break businesses.
Euromoney August 2010
US legislation regulating rating agencies should bring healthy competition to the market – if newcomers can meet the costs involved.
Euromoney August 2010
Europe’s financial institutions must realize that the price of issuance is unlikely to improve any time soon.
Euromoney August 2010
An onerous tax on banks proposed by the Hungarian government can only further damage an already weakened economy.
Euromoney August 2010
I am involved in a spat with the sisterhood.
Euromoney August 2010
Tough times lie ahead for the financially challenged parts of the eurozone. But the rapid rebound in other eurozone countries will sustain Europe’s Economic and Monetary Union, as will Germany’s determination to export fiscal rectitude.
Euromoney August 2010
Currency debasement and inflation have ultimately been bad news for men of modest means. Lincoln Rathnam learns lessons from the history of Emperor Diocletian on why our present penchant for McMansions might point to an Appalachian future.
Euromoney August 2010
Last month, European bank regulators tried to reassure the markets that in a severe recession and collapse in European government bond markets, only seven of the 91 leading European banks they tested would face a shortfall in core tier 1 capital ratios below 6%, amounting in aggregate to just €3.5 billion.
Euromoney August 2010
Euromoney August 2010
Euromoney August 2010
Turkey emerges stronger from global crisis
Fiscal rule puts budget deficit on autopilot
Turkish banking sets an example
Unrivalled investment house
New sources of investment
