2012

Emerging Markets Roundup: Brazil

ROUSSEFF PLANS $66 BILLION IN INFRASTRUCTURE INVESTMENT   By Antonio Guerrero   In a bid to reverse Brazil's recent economic slowdown and boost competitiveness, president Dilma Rousseff in August unveiled a nearly $66 billion infrastructure investment program for roads, and ...

Emerging Markets Roundup: Africa

INVESTOR FEARS RISE ON MINE STRIKES   By Antonio Guerrero   Violent strikes at South Africa's Marikana platinum mine, operated by UK group Lonmin, could impact investment flows.   Violence mars Marikana mine strikes Photo Credits: MIKE HUTCHINGS / REUTERS ...

World’s Best Banks 2012: Global Winners

By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Global Winners BEST CORPORATE BANK Deutsche Bank Deutsche Bank, the largest bank in Germany, is a leading global corporate and investment bank and has long been the top foreign exchange ...

Emerging Markets Roundup: Brazil

BRAZILIAN COURT GETS TOUGH ON DRILLERS   By Antonio Guerrero   Following a series of oil spills off the coast of Rio de Janeiro this year, a Brazilian court has ordered Chevron and driller Transocean to halt all drilling and ...

Emerging Markets Roundup: Africa

ZIMBABWE'S BANKS TOLD TO BOLSTER CAPITAL RESERVES   By Antonio Guerrero   With the goal of stabilizing the financial system in mind, Zimbabwe's Reserve Bank has boosted minimum capital requirements for banks by as much as 900%.   Zimbabwe’s banks ...

Emerging Markets Roundup: Brazil

TIME-OUT FOR BRAZIL'S GROWTH BOOM   By Antonio Guerrero   Brazil's growth explosion could be ending. The Brazilian central bank in June cut the official growth target from 3.5% to 2.5% for 2012, after first-quarter GDP expansion was a meager ...

Country Report: Nigeria

TIME FOR CHANGE   By Antonio Guerrero   Nigeria holds great promise with its massive oil reserves, but endemic corruption, unfettered militant attacks on pipelines and lack of regulatory clarity could halt progress in its tracks.   When the Nigerian ...

Emerging Markets Roundup: Africa

PLATINUM MINING PROJECT PROMISES BIG REWARDS   By Antonio Guerrero   South Africa’s state-owned Industrial Development Corporation (IDC) has entered into a $420 million public-private partnership to develop a mine that could become one of the world’s largest platinum producers over ...

World’s Best Banks 2012: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt MIDDLE EAST The oil-exporting countries of the Middle East are enjoying strong economic growth, whereas countries that experienced political uprisings during the Arab Spring of 2011 are struggling to get back ...

World’s Best Banks 2012: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt AFRICA Not only is Africa rich in natural resources, but it also offers the promise of fast economic growth in a number of countries, and a population lacking basic banking services. ...

World’s Best Banks 2012: North America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt NORTH AMERICA North America’s banks are well along the road to recovery from the financial crisis, amid signs of improvement in the US and Canadian economies. The Federal Deposit Insurance Corporation ...

World’s Best Banks 2012: Asia

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt ASIA Asia has provided one of the few bright spots in the global economy in recent years. The region rebounded quickly from the global financial crisis and has thus far avoided ...

World’s Best Banks 2012: Latin America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt LATIN AMERICA With its developing middle class, the region’s growing consumer sector helped banks to continue posting healthy returns last year. Banking sector assets and profits were up throughout the region, ...

Emerging Markets Roundup: Brazil

STIMULUS PACKAGE TARGETS BUSINESS LOANS   By Antonio Guerrero   In a bid to support economic growth, the Brazilian government in April rolled out new tax cuts worth as much as $5 billion and put through a stimulus package including BRL45 ...

Emerging Markets Roundup: Africa

SOUTH AFRICAN MINING TO GET VENTURE CAPITAL INCENTIVES   By Antonio Guerrero   South African finance minister Pravin Gordhan will grant a major venture capital incentive for SME mining companies.   South Africa: Investing in small mining operations South African finance ...

Emerging Markets Roundup: Brazil

ENVIRONMENTAL FUNDING GETS THE GREEN LIGHT   By Antonio Guerrero   The Brazilian government will invest $35.4 billion to increase sugar cane production for the booming ethanol industry.   Bumper crop: Brazil ramps up cane field production The Brazilian government has ...

Emerging Markets Roundup: Africa

SA-SWAZILAND RAILWAY LINK (FINALLY) GETS THE GREEN LIGHT   By Antonio Guerrero   Transnet, South Africa's state-owned transit and logistics company, and Swaziland Railway have joined forces to complete a $2.2 billion railway linking their two countries, a plan under ...

Regional Focus: Latin America

FOR BETTER OR FOR WORSE   By Antonio Guerrero   While neither Brazil nor Uruguay have any trade pacts aside from Mercosur, Chile and Mexico have many agreements in place. The two strategies have met with varying success.   When ...

Emerging Markets Roundup: Brazil

E.ON AND MPX ENERGIA PARTNER ON POWER PLANTS   By Antonio Guerrero   E.ON, the German power utility, is partnering with MPX Energia, a power company controlled by Brazilian billionaire Eike Batista, to launch a joint venture to build Brazil's largest ...

Foster Becomes CEO At Petrobras

NEWSMAKERS: BRAZIL   By Antonio Guerrero   Graças Foster, 58, was appointed CEO of Brazil's Petrobras state-controlled oil company in February, becoming the first woman ever to head one of the world's top oil operations.   Foster was nominated by ...

Emerging Markets Roundup: Africa

NIGERIA BUILDS BIOFUEL CAPACITY AS ZIMBABWE BRACES FOR ENERGY SHORTAGE   By Antonio Guerrero   The Nigerian government has signed a memorandum of understanding with Global Biofuels, a Nigerian biofuels producer, for the construction of 15 integrated biofuels refineries at ...

Emerging Markets Roundup: Africa

NIGERIAN INBOUND INVESTMENT FRAMEWORK IMPROVING   By Antonio Guerrero   Nigerian President Goodluck Jonathan says his administration is reviewing industrial policies to encourage foreign companies exporting finished goods to Nigeria to instead manufacture them locally.   New policies encourage local assembly ...

2011

Emerging Markets Roundup: Africa

SOUTH AFRICA EASES RULES ON FOREIGN OWNERSHIP   By Antonio Guerrero   South Africa’s National Treasury is studying a plan to allow offshore companies traded on the Johannesburg Stock Exchange (JSE), known as inward-listed companies, to be regarded as domestic ...

Emerging Markets Roundup: Brazil

PETROBRAS TO SELL OFF ASSETS WORLDWIDE   By Antonio Guerrero   Brazil’s state-controlled Petrobras oil company is selling its worldwide noncore assets to support a $224 billion capital expenditure plan for 2012–15—which will fund development of the country’s pre-salt offshore ...

Emerging Markets Roundup: Africa

BOOSTING SME AGRICULTURE INVESTMENT   By Antonio Guerrero   The United States Agency for International Development (USAID) has partnered with several non-profit organizations to launch the African Agricultural Capital Fund (AACF).   New fund will stimulate agriculture sector The fund ...

Emerging Markets Roundup: Brazil

NEW OIL FIELDS TO ATTRACT BIG INVESTMENT   By Antonio Guerrero   Brazilian authorities remain optimistic that they will be able to sign an agreement with Taiwanese manufacturer Foxconn Technology, the world’s largest contract electronics producer, for a $12 billion ...

Country Report: Brazil

SEARCHING FOR BALANCED SOLUTIONS   By Antonio Guerrero   Investors are awaiting the outcome of recent rate cuts in Brazil. Whether it will prove proactive or premature remains to be seen.   Citing a substantial deterioration in the global economy, ...

Emerging Markets Roundup: Africa

PUBLIC-PRIVATE PARTNERSHIPS TO FINANCE INFRASTRUCTURE UPGRADES   By Antonio Guerrero   Tanzania plans to invest $742 million by the end of 2012 to tackle its crippling energy deficit.   African energy projects to get PPP boost Under an emergency power rescue ...

Regional Report: Africa

CLOUDY HORIZONS   By Antonio Guerrero   While South Africa is attempting to get out from under its recession, countries in sub-Saharan Africa are dealing with the impact of volatile global oil markets and decreased investment from their neighbor to ...

Central Banker Report Cards 2011

MIRACLE WORKERS REACH END OF THE ROAD   By Gordon Platt, Antonio Guerrero and Anita Hawser   Boosting employment and production are the elusive goals of today’s central bankers.   If it’s broke, fix it. Central bankers are taking on ...

Daunting Task For New Economy And Finance Minister

NEWSMAKERS: NIGERIA   By Antonio Guerrero   Nigeria’s new economic chief, former World Bank managing director Ngozi Okonjo-Iweala, says she will focus much of her efforts on diversifying her nation’s economy away from overdependence on oil and gas revenues.   ...

Emerging Markets Roundup: Brazil

INVESTMENT SPREE FOR FIFA WORLD CUP AND OLYMPICS   By Antonio Guerrero   Brazil is preparing for a major investment spree ahead of the 2014 FIFA World Cup and 2016 Olympic Games.   Brazil prepares for FIFA World Cup 2014 Brazil’s ...

Country Report: Spain

UPHILL BATTLE   By Antonio Guerrero   Spanish banks are struggling to regain momentum in the face of a sluggish economy and the need for further restructuring.   Three years after Spain’s decade-long real estate bubble burst, the country’s banks ...

Emerging Markets Roundup: Africa

CHINESE INVESTMENT BOOSTS SIERRA LEONE IRON ORE SECTOR   By Antonio Guerrero   China’s Shandong Iron & Steel Group (SISG) takes a 25% stake in Britain’s African Minerals.   Sierra Leone’s iron ore output is becoming the country’s key export ...