October 2011
| Euromoney October 2011 Having secured permanent capital just before the big equity market sell-off, Glencore now has the financial strength to boost production and acquire cheap mining assets. In the long run, shareholders should reap the benefits. For now, they’re still licking their wounds after the Swiss firm’s record-breaking IPO. Peter Lee tells the inside story of the deal of the year. |
Euromoney October 2011
Euromoney’s inaugural credit survey confirms the broad market power of three elite fixed-income houses, and points to a widening gulf between the haves and have-nots of the global credit markets. Joti Mangat reports.
Euromoney October 2011
Euromoney October 2011
As corporate executives make cash management an increasingly important part of their treasury function, so transaction banks are realigning their businesses. Now it is increasingly part of the overall corporate relationship. Laurence Neville looks at the models the leading banks are adopting.
Euromoney October 2011
Euromoney October 2011
While banks at Sibos were focused on the changing nature of the regulatory landscape in the developed economies, together with the potential gains to be made in the emerging markets, what were the corporate clients talking about?
Euromoney October 2011
As the industry faces up to more stringent regulation in the west, the mood at this year’s Sibos convention was extremely mixed. That’s why many bankers are turning to emerging opportunities, most notably in Asia and Latin America. Nathan Collins reports from Toronto.
Euromoney October 2011
In an historic reversal of the old order, corporate treasurers are now assessing the risk profiles of banks before doing business with them. And some leading companies are so worried about the state of the financial sector that they’re even considering setting up their own bank. Louise Bowman reports.
Euromoney October 2011
Asset owners and managers are signing up to a series of principles on how they invest in agricultural land. Will this mollify critics of the land grab? Nick Lord reports.
Euromoney October 2011
The Native American reservations of three northern US states are on the brink of an oil boom that could reduce global concerns about the future supply of oil. Helen Avery talks to a private equity venture that hopes to produce triple-digit returns for investors while ensuring the Tribal Nations are not swept aside in the rush for oil.
Euromoney October 2011
Top corporates are the new kings of the debt markets. Many are trading through sovereigns. Investors are desperate for their paper. But while US treasurers lock in historically low funding, their European counterparts are simply sitting on their cash piles. Louise Bowman investigates why, additional reporting by Helen Avery.
Euromoney October 2011
The hunt for yield is driving emerging market investors ever further down the corporate credit curve. But, with domestic bond markets booming and local banks awash with liquidity, can supply keep pace with demand? Lucy Fitzgeorge-Parker reports.
Euromoney October 2011
The country is proving a tough nut for private equity practitioners to crack. Guy Norton reports from Almaty on the challenges facing the alternative investment industry.
Euromoney October 2011
Foreign exchange volumes in the multi-dealer e-trading market are soaring. Competition to be the application of choice on end-users desktops is heating up. Can Bloomberg steal a march through its ubiquitous terminals? Hamish Risk reports.
Euromoney October 2011
Belgium is seen as one of the bright spots in the eurozone and competition is increasing for the assets of the country’s wealthiest individuals. For those with investment expertise and knowledge of the intricacies of the Belgian wealth market, the future looks promising.
Euromoney October 2011
Trading scandal raises further questions about validity of investment bank; Does the integrated model work for UBS?
Euromoney October 2011
Chief executives say French banks’ exposure to risky European sovereigns is minimal; Loss of access to funding will speed asset and business disposals
Euromoney October 2011
Investment bank expects 30% fall in revenues; FICC business holding up
Euromoney October 2011
Hassell shuns future acquisitions; Litigation and regulation unavoidable expenses
Euromoney October 2011
Euromoney October 2011
Default won’t trigger CDS; Greek CDS hedges unwound
Euromoney October 2011
Plan attacks shuttered market; Slams door after horse has bolted
Euromoney October 2011
Renewed concern over 2015 wall; High-yield freeze prompts private solution
Euromoney October 2011
Mass lawsuits filed against issuers; Banks likely to settle out of court
Euromoney October 2011
Revamped pricing boosts turnover; Profits from SNB intervention
Euromoney October 2011
Citic’s qualified success not a barometer for others; Issuers pull deals as sentiment weakens
Euromoney October 2011
Rumours knock Ping An down 14% in a day; Soc Gen predicts big rally
Euromoney October 2011
Euromoney October 2011
Chile sovereign bucks a trend; More Chile deals might set benchmark
Euromoney October 2011
Euromoney October 2011
New investment bank to rival BTG Pactual; Solvency of small banks under pressure
Euromoney October 2011
PM forces repayment discounts; 1 million borrowers eligible
Euromoney October 2011
Anti-monopoly regulator approves plan; New securities laws awaited
Euromoney October 2011
Halyk Finance to act on sale of electricity grid; State seeks more international banks for deals
Euromoney October 2011
Telecom IPOs prepare for market; Bank M&A activity in pipeline
Euromoney October 2011
More pressure on East African currencies; Kenyan central bank raises rates
Euromoney October 2011
Benefits from growth markets; Shake-up in equities division
Euromoney October 2011
CDO Wells Notice has serious ramifications for S&P.
Euromoney October 2011
The mood at the IMF meetings was doom and gloom. News of UBS’s rogue trader loss didn’t help.
Euromoney October 2011
Medvedev and Putin’s next finance minister has a lot to live up to.
Euromoney October 2011
Banks need better regulation, but the terms and conditions set out by Basle III already look woefully out of date.
Euromoney October 2011
Emerging markets central banks are moving away from using rate changes solely to control inflation. Brazil seems to have joined the trend.
Euromoney October 2011
Exit would be more expensive than bailing out the periphery.
Euromoney October 2011
Banks desperate for business are faced with renewed demands for hard underwriting.
Euromoney October 2011
Euromoney October 2011
The run on Morgan Stanley’s stock and credit default swaps in the final days of September had alarming similarities to the collapse in confidence in the bank during 2008.
Euromoney October 2011
Central bankers seem to have had just about enough of Jamie Dimon’s spittle-flecked rants about the dangers of increased regulation. The JPMorgan chief executive lambasted Federal Reserve chairman Ben Bernanke over the costs of regulation in a public debate in June, then followed up by arguing with Bank of Canada governor Mark Carney during the recent IMF/World Bank meetings in Washington. Dimon has also warned that some reforms are “anti-American”.
Euromoney October 2011
Faced with an unpalatable menu of policy choices, there is concern that another course will be taken: financial repression. It is the economic prescription favoured by Fagin. Bondholders should beware.
Euromoney October 2011
GDP growth must be sufficient to outweigh possible deleterious effects of sovereign budget cuts and measures to increase revenues. It’s an impossible ask for Japan and an extremely tough one for the eurozone.
Euromoney October 2011
Disclosures from UBS about the details of the alleged fraudulent trading that has cost the bank $2.3 billion raise more questions than they answer about the extraordinary episode.
Euromoney October 2011
Euromoney October 2011
Euromoney October 2011
Euromoney October 2011
Euromoney October 2011
