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Inside this issue

• The Middle East becomes more important to the banking industry

• Ranting about Goldman Sachs has become a standard feature of lunch with a Wall Street banker

• Interview with Bodo Uebber, Daimler’s chief financial officer (PDF) - -

Content

Ways to turn volatility into opportunity

There is a huge appetite for derivatives to manage exposure to commodity risks, writes Jeremy Grant

CSN: Brazil steelmaker rolls out fresh strategy

John Rumsey on a company that is making extensive use of derivatives

Airlines: Emphasis on fuel hedging grows in Asia

The rising oil price is forcing national carriers to review their strategies, says Raphael Minder

Briefing notes: Know your exposure and how to juggle risk factors

Jiro Okochi explains the mysteries of accounting for commodity hedging

Asia dispatch: Credit squeeze finally starts to register for private equity

The pain of the crisis is finally being felt in the region, with Australia, Taiwan and Singapore as the worst affected, says Sundeep Tucker

Wall Street dispatch: Goldman magic conjures up many a financial lunch

Rants about the alleged sins of the firm that rivals love to hate have become more frequent, says Francesco Guerrera

Middle East: Bankers carve out business in Saudi

But finding talent remains a problem, writes Simeon Kerr

Me and my adviser: Former rivals make up a winning team

Michael Kavanagh profiles a successful business relationship

Interview: The co-pilot with a clear sense of direction

Daimler’s CFO talks to Richard Milne about how he and his chief executive work together

Viewpoint: Take another look at TRS

While the use of total returns to shareholders is regarded as the best way to measure company performance, a recent report suggests it may be flawed, writes Peter Thal Larsen


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