TURKISH BANKS SELL OFF.
Jon Gorvett reports from Istanbul on attempts to get the Turkish banking sector back on track Since last February's financial crunch, Turkey's beleaguered banking system has been going through some dramatic and rapid changes. With the pressure now full on for the country's financial institutions to do...

Enhancing sovereign debt restructuring.
Since the early 1980s, patterns of emerging market finance have changed significantly. Greater integration of capital markets and a trend toward a greater use of direct lending through bonds has led to relatively decreased use of indirect finance through syndicated bank loans. These changes have produced benefits to investors...

Arab banking.
In the second of his two-part special report, MOIN SIDDIQI looks at the banking sector in the newly emerging markets of the region and the challenges that lie ahead in the global economy. For foreign bankers and international fund managers, the Arab market offers lucrative opportunities for project finance...

Teleflex purchase of Arrow creates $1.4b business; private equity firm Riverside Partners acquires NEPG and Accu-Met Laser.
[ILLUSTRATION OMITTED] In early October, Limerick, PA-based Teleflex Inc. completed its purchase of Arrow International, Inc., a Reading, PA-headquartered manufacturer of catheter-based access and therapeutic products for critical and cardiac care. Under terms of the transaction, which originally was announced on July 23, Arrow International...

IFC Board Approves $120 Million Financing Package for BPZ Energy.
ENERGY RESOURCE-20 December 2006-IFC Board Approves $120 Million Financing Package for BPZ Energy(C)2006 JeraOne - http://www.jeraone.com BPZ Energy Inc. today announced that the International Finance Corporation's Board of Executive Directors has approved the company's $120 million financial package. IFC is the private sector arm of the World...

Pacific Ethanol Secures $325 Million in Credit.
ENERGY RESOURCE-11 January 2007-Pacific Ethanol Secures $325 Million in Credit(C)2007 JeraOne - http://www.jeraone.com Pacific Ethanol Inc. has signed a commitment letter providing for up to $325 million of senior secured credit, which it will use for continued development of ethanol plants in California and Oregon. ...

Arab banking.
In the first of a two-part special report, MOIN SlDDIQI examines the performance of regional banks. In this month's issue the concentration is on financial institutions in the Gulf states. The Arab banks, as a consequence of a rapid environmental changes in the 1980s, have had to adjust to...

Gulf banking poised for growth.
Higher oil prices and a downward trend in interest rates have heralded a return to confidence to the Gulf banking sector. Mushtak Parker assesses the prospects for development and growth around the region. WHEN SAUDI ARABIA SNEEZES, the rest of the Gulf states cough. For the last few...

NEWS IN BRIEF; P/$ rate closes at P55.85.
The peso closed lower at P55.85 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.755 the previous day. The weighted average rate appreciated to P55.825 from P55.852. Total volume amounted to $193.9 million. PSE delists 5-yr SDT...

The diminished nation-state: a study in the loss of economic power.
INTRODUCTION THE PACE OF TECHNOLOGICAL CHANGE, especially the speeding up of communications, and the extent of international economic integration have, together, brought into question the effectiveness of many traditional, national economic policy instruments. The erosion of economic sovereignty has led many to question the future of the nation-state as...