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Ernst & Young Monthly News August 2009

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One trillion dollars in unused liquidity

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16 July 2009 – Study by Ernst & Young reveals a lot of catching up to be done in working capital management

Analysis of the market capitalization of the most highly valued companies in the world - Swiss companies gain ground on the world’s stock markets

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6 July 2009 – Four Swiss companies figure among the 100 most highly valued companies in the world / Most expensive Swiss companies: Nestlé and Roche Holding / Financial sector gains considerably in importance

Silver lining on the global IPO horizon in the second quarter of 2009: Number of companies going public is on the rise

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6 July 2009 – Ernst & Young analysis of initial public offerings in the second quarter of 2009: Deal value increased seven-fold compared to the prior quarter / Much more activity in emerging countries than in industrial countries / No sign of real improvement in Europe

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