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Inside this issue

• Transparency will mean greater scrutiny of deal costs

Audio: Aditya Mittal, CFO of ArcelorMittal, discusses the future of steel

• Baseball analogies do not shed light on the credit squeeze (PDF) - -

Content

CEOs need to take account of IFRS

Changing accounting systems is fraught with difficulties, accounting experts warn, as the US prepares to switch to International Financial Reporting Standards, the system now being used, or adopted, by more than 100 countries

Aditya Mittal: The father, son and the great steel titan

The prodigy of the ArcelorMittal steel group talks to Peter Marsh

Audio: Aditya Mittal, CFO ArcelorMittal

Peter Marsh talks to the steel company’s prodigy about the future of the sector and how his name affected his career

CBA: Merits of switch still under debate

Elizabeth Fry looks at how IFRS affected Australia’s largest bank

France Telecom: Lack of clarity may lead to confusion

Further changes will bring even more problems, writes Ben Hall

Briefing notes: New rules to hit M&A advisers

Greater transparency will mean more scrutiny on the value of deals, writes Jennifer Hughes

Me and my adviser: Booked in for a long stay at the hotel chain

Reena SenGupta talks to Travelodge and its lawyers

IBM: A single standard makes sense for global business

Good preparation is a prerequisite, says Paul Taylor

Gulf dispatch: Senior bankers chasing too few deals

The world’s biggest firms are choosing to redeploy their bankers to the six-nation Gulf Cooperation Council to generate new income streams, writes Lina Saigol

Wall Street dispatch: Crunch looks like a game of two halves

Lenders risk falling prey to the deterioration in bread-and-butter products such as credit cards, writes Francesco Guerrera

On the move: Lack of deals alters poaching season

Commodities: Deals still happening despite rising prices

Viewpoint: ‘Real economy’ earnings bubble also unsustainable

Facts and figures: Trend for buybacks receding


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