Milestones : Coca-cola Puts The Lid On Earnings Guidance

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

UNITED STATES COCA-COLA PUTS THE LID ON EARNINGS GUIDANCE We are quite comfortable measuring our progress as we achieve it.” —Douglas Daft, chairman and CEO, Coca-Cola Daft:Will let figures speak Athanta-based Coca-Cola,the world’s largest soft-drinks company,says it will no longer ...

Features : Global Finance Best Banks Awards

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

Washington’s National Press Club was the scene of Global Finance’s fifth annual Best Banks Award Ceremony. The event took place at the end of September during the annual meetings of the IMF and the World Bank. Global Finance editor Mark ...

Newsmakers : Politics Stall Serbian Reforms

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

SERBIA Belgrade: No rush of investors yet From the fifth of this month, the former Yugoslav Republic of Ser-bia has a new and unelected president, 37-year-old Natasa Micic. As speaker of the Serbian par-liament Micic is standing in lieu of ...

Features : Best Internet Banks Awards 2002

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

In late October in New York, Global Finance conducted a gala awards dinner for the winners of 2002’s World’s Best Internet Banks Awards. The awards were based on submissions from participating banks, and 103 winners were announced in the September ...

Features : Global Banking Critical Issues

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

The Way Forward in 2003 Bank CEOs and senior executives from among the winners of Global Finance’s Best and Safest Banks awards offer their views on the challenges and opportunities facing banks in 2003. Chief executive officer of national bank ...

Corporate Finance : Global Depositary Receipts

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

ASIA China Telecom Issue Poorly Received in US China Telecom slashed the size of its initial public offering by more than half in the face of weak investor demand, but the IPO was still the fifth-largest new issue of 2002. ...

Newsmakers : A Lloyd’s Reformer Sips Success

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

UNITED KINGDOM Lloyd’s is very much alive and kicking at a time when the industry as a whole has a lot of problems.” —Nick Prettejohn, Lloyd’s CEO Unlike most people in the world’s roiled insur-ance industry, Nick Prette-john probably enjoyed ...

Newsmakers : Hands Across The Rhine

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

GERMANY Hands: German effort now yielding results Persistence pays, as Guy Hands, the ex-Nomura banker-turned-buyout king, shows. His new outfit Terra Firma Capital Partners has just closed its first deal: the purchase of 42,000 apartments in the Ger-man city of ...

Corporate Finance : Foreign Exchange

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

THE AMERICAS US Economic Recovery May Not Boost Dollar The US dollar will not realize any benefit from expected stronger growth in the US economy this year if the recovery is accompanied by a continued widening in the trade deficit, ...

Corporate Finance : Companies on the Move

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

ISRAELI ENGINEERING FIRM TAKES ON US MARKET Meir Dor, CEO,Baran Group Meir Dor is making a big bet. Baran Group, the company Dor heads, is Israel’s biggest engi-neering firm and has helped build and design everything from a dry storage ...

Editor's Letter : Dear Reader

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

One word captures the diverse set of legal, financial and operating factors that bashed and battered world mar-kets in 2002—risk...

Newsmakers : Neri Takes On A Tough Task

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

PHILIPPINES It’s not a plane but a plan: “747” is the route map that incoming Philippine economic sec-retary Romulo Neri is bringing to his new post. He aims to eradicate absolute poverty in the Asian state by 2010 through introducing ...

Features : Public Woe, Private Gain

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

This market is on the rise as private equity players scour the Continent for bargains. After taking some hard knocks in 2001 and 2002, Europe’s private equity buyers are recovering their touch, snaffling undervalued companies across the Continent. Driving that ...

Corporate Finance : Corporate Bonds

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

THE AMERICAS Sudden Rally Erases High-Yield Losses The sun came out in the high-yield corporate bond market in November, narrowing spreads to treasury securities with record speed and eliminating most of the market’s steep losses for the first 10 months ...

Features : Consolidation by Any Other Name

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

Global custodians are seeking new ways to demonstrate their commitment to a business that demands heavy capital investment. Custodians—or, as they prefer to be known these days, global securities services providers—have never really stopped talking about consolidation in their corner ...

Features : The Legal Elite Weather Tough Times

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

Slumping transaction volumes mean even the best law firms are taking some of the pain. The past year wasn’t expected to be much more successful for financial lawyers than the preceding one.And it wasn’t.The halcyon days of thriving M&A; activity, ...

Corporate Finance : Mergers & Acquisitions

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

THE AMERICAS HSBC Extends Reach Among US Consumers HSBC Holding agreed to buy Household Interna-tional, the largest indepen-dent consumer finance company in the United States, in a stock-swap transaction valued at $15.3 billion, extending the bank’s relationship to one in ...

Features : The End of the Affair?

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

The United States, for years the undisputed leader in attracting foreign direct investment, is facing the prospect that it may become an also-ran in the race to pull in investors’ cash. For nigh on a decade the United States has ...

Cover story : Thinks to Look for in 2003

TODAY: Sept. 9, 2022 PUB DATE: Jan. 1, 2003

Japanese Bank Failure? Might a large Japanese bank fail in 2003? Quite possibly, say analysts, who point out that the government will be forced to step in to prevent a system- wide crisis of confidence. Pain is spread across a ...

Features : Europe's Bourses Dance in Slow Motion

TODAY: Sept. 9, 2022 PUB DATE: Feb. 1, 2003

Consolidation continues to raise its head, but few can predict how the exchange landscape will look at the end of this year. Three years ago it looked as if Europe’s stock exchanges would consolidate in the blink of an eye. ...