Latest articles from Comment

Deutsche wins Saudi licence

November 3, 2003

In an important financial and political move, Saudi Arabia announced it would grant a full branch banking licence to Germany’s Deutsche Bank, Europe’s second largest bank by assets.

Australia slashes credit card interchange fees

November 3, 2003

Interchange fees for credit card transactions in Australia are to be virtually halved following tough action by the Reserve Bank of Australia (central bank) and the failure of an appeal by Visa, MasterCard and BankCard in the federal court.

US loan persuades Turkey to send troops to Iraq

November 3, 2003

The Turkish government is gearing up to dispatch troops to Iraq to assist in US-led peacekeeping operations and in the rebuilding of its south-eastern neighbour, in return for an $8.5bn soft US loan, despite protests from the Iraqis themselves and from Kurds living in the northern part of the country, writes Metin Demirsar.

RSA gets balance right for empowerment charter

November 3, 2003

News that South Africa’s financial sector has agreed to an ambitious black empowerment charter has pushed financial stocks upwards. The government-endorsed charter sets down detailed empowerment targets for companies, paving the way for as much as 25% of the sector’s value to be in black ownership by 2010.

Sovereign rating boost spurs Russia’s retail giant to issue $1bn Eurobond

November 3, 2003

Russia’s state-owned retail giant Sberbank issued its first Eurobond last month. The bank is the first to cash in on ratings agency Moody’s surprise decision to award a two-notch upgrade to the sovereign rating – taking Russia into investment grade territory.

Price of change will pay off in long term

November 3, 2003

William Donaldson, chairman of the US Securities and Exchange Commission, argues that the costs of Sarbanes-Oxley and other reforms are opportunities from which companies can benefit.

HSBC's killer move

October 6, 2003

HSBC chairman Sir John Bond talks to Karina Robinson about the transformational impact of the bank’s acquisition of Household International.

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