2014

2013

Country Report: Russia

REFORM BECOMING REALITY


By Laurence Neville

After years of promises, there are tentative signs that Russia is finally getting serious about reforming its economy.

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Russia has always been the odd one out in the BRIC quartet of leading emerging economies ...

Cover: A New Economic Model For China

THE HUNT FOR INTERNAL GROWTH


By Laurence Neville


China is in the midst of an economic makeover to increase domestic consumption and reduce reliance on external markets for growth. But how far are policymakers willing to go, and when?

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For ...

2012

Emerging Markets Review: Feeding Growth

NOURISHING GROWTH


By Laurence Neville


Despite slowing growth in the BRIC countries, emerging markets generally continue their ascent. Although they have made fewer headlines than usual over the past year, developing countries have experienced some pivotal, uplifting moments—both from ...

FX Supplement: The Euro Belies the Pessimists

PROFITING FROM THE BEAUTY PAGEANT


By Laurence Neville

Despite the eurozone’s debt woes, the euro has remained remarkably resilient thanks to a range of factors, including a more credible ECB under Mario Draghi and diversification away from the dollar ...

Milestone: Companies Are Cash-Rich, But M&A Is Not In The Cards

MILESTONES: GLOBAL

Laurence Neville


The global M&A market is moribund: Activity is just a third of the level of five years ago.

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Skipper, Hogan Lovells: Economic uncertainty is the key barrier to investment

Yet, companies are awash with cash ...

Cover: Searching for Global Demand

DEMAND WHERE WILL IT COME FROM?

By Laurence Neville

The worldwide call for public, private and corporate debt reduction raises the question of where spending and demand will come from going forward. Particularly now, as emerging markets stars—such as ...

Introduction: A Quarter-Century Of Change

CONTINENTAL DIVIDE...


By Laurence Neville


There is a famous quote by British novelist LP Hartley that goes, "The past is a foreign country: They do things differently there."

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If this is so, then 1987—when Global Finance was launched—is ...

Special Report: Asset Nationalization

WAKE-UP CALL


By Laurence Neville

The expropriation of private assets in Argentina and Bolivia are a stark reminder of the risk of doing business in developing markets.

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Nationalization of the political sort—as opposed to pragmatism designed to maintain a ...

Cover Story: China In Europe

WITH A COOL HAND

By Laurence Neville

China is taking advantage of the European crisis to make strategic investments in the Continent and encourage companies to pick up cheap assets. But the Asian nation is taking a slow and considered ...

CEO Ghizzoni Boosts UniCredit With Daring Capital Raising

NEWSMAKERS: ITALY

By Laurence Neville

While many big wigs in the world of finance hit the World Economic Forum in Davos, Switzerland in late January to rub shoulders with glamorous attendees from business, politics and showbiz—this year led by ...

Cover Story: Global Elections 2012

ELECTION YEAR

By Laurence Neville

Numerous countries around the world are holding elections this year, which could create market uncertainty and hold back much-needed political decision-making—particularly in Europe.

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Unlike 2011, which was a year of "unknown unknowns," with largely ...

Seeking Alternatives

COVER STORY: ALTERNATIVE FINANCING

By Laurence Neville

Small and medium-size companies are vital to economic growth and critical to corporate supply chains. Yet traditional lending is virtually closed to SMEs in most markets—certainly in developed markets of the West ...

2011

The 10%+ Club

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COVER STORY: THE 10% + CLUB

By Laurence Neville

Predicting what countries will be the next growth outperformers is tricky at best. Those firms that back the winners will undoubtedly profit, and the countries that make the list will attract greater ...

Who Will Save The Global Economy?

COVER STORY: STAYING AFLOAT

By Laurence Neville

With emerging markets economies just holding their own in the face of the crises in the developed world, they are unlikely to be able to pull the world out of the latest economic ...

Wealth And Democracy Go Hand In Hand

MILESTONES / GLOBAL

by Laurence Neville

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Renaissance’s Robertson: “China in risky period”

China will become a democracy by 2017, while Russia is highly likely to become a strong democracy within the next few years, according to a remarkable report published ...

Country Report: Ukraine

Uphill Struggle

By Laurence Neville

Ukraine’s recovery appears impressive, but structural cracks remain that could derail it.

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At first glance, Ukraine appears to be in fine health. Having been at risk of collapse in the first stage of the ...

Blowing Up

COVER STORY: EMERGING MARKETS INFLATION

By Laurence Neville

Emerging markets have been credited with saving the world’s economy from catastrophe with their resilient exports. Now they’re exporting a different product that threatens to stop the global recovery in ...

Banking On Stability

COVER STORY: MIDDLE EAST

By Laurence Neville

Nervous investors are looking for signs of stability in the Middle East and North Africa. The region’s burgeoning investment banking industry may provide the reassurance they’re looking for.

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The political crisis ...

Russia: Playing Catch-Up To Fellow BRICs

MILESTONES: RUSSIA

By Laurence Neville

Russia spent much of 2010 in the doldrums.


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Russia: Poised for significant growth

While its fellow BRICs—Brazil, India and China—stormed ahead, Russia lagged behind. The causes of its lethargy were varied, but an ...

Fear Factor

COVER STORY: THE NEW RISKS

By Laurence Neville

Last year the global economy dodged some scary-looking bullets. This year it might not be so lucky.

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As volatile and unnerving as it was, 2010 provided a welcome respite from the turmoil ...

2010

The Great Divide

ANALYSIS: GLOBAL GROWTH

By Laurence Neville

As companies thrive while countries struggle, a split seems to be emerging between macroeconomic and corporate performance.


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Observers of the global economy could be forgiven for being a little confused of late. Macroeconomic news ...

Regional Report: Southern Europe

COVER STORY: LIVING ON THE EDGE

By Laurence Neville

Southern Europe's sovereign debt crisis may appear to have been resolved, but severe trials still lie ahead—particularly for Greece.


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The travails of Southern Europe—in particular Spain, Portugal and ...

Cover Story: Global Markets Brace For The Aftershock

GLOBAL MARKET BRACE FOR THE AFTERSHOCK

Many countries still have a long way to go to convince investors that they are not likely to suffer a sovereign default.


By Laurence Neville

Coverstory_Global-Markets Just as the mood was lifting worldwide—and many ...

Reforms May Constrain Future Economic Growth

NEWSMAKERS: GLOBAL

By Laurence Neville

news_300_3 The focus of regulatory reform in the wake of the financial crisis has inevitably been on the banking sector. Equally, most analysis of regulatory reform has addressed the impact of regulatory change on financial institutions ...

Drowning In Debt

COVER STORY: AFTER THE BAILOUT


The turmoil in Greece and the subsequent rout of the euro have rattled global markets and caused a renewed bout of hand-wringing over the stability of the global economy. Some believe the developed markets have ...

Best Developed Markets Banks Awards

TOP BANKS BOUNCE BACK


After two dismal years, the banking industry in the world’s developed markets is flourishing again.

By Laurence Neville

The recovery of the financial markets from March 2009 (and earlier in the case of many emerging ...

Features: Spotlight: Equity Derivatives

BACK FROM THE BRINK

The revival of interest in equity derivatives reflects a broader return of risk appetite among corporations and investors.

By Laurence Neville

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The recovery in sentiment in most markets during 2009 was dramatic, and equity derivatives were ...

The Dollar’s decline

The Dollar’s Decline

A weak dollar may be beneficial to the US in the short term, but it is undermining the dollar’s long-term status as the de facto global currency.

By Laurence Neville

Coverstory_Dollar-Decline-and-fall_1 One of the rocks on ...

Newsmakers: Europe Lags Behind In IPO Market Recovery

Europe

By Laurence Neville

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Drying up? Investors may
shun European IPOs

After months of increasing excitement among equity capital market (ECM) bankers about the prospects of a bumper first quarter of IPO issuance in Europe in 2010, events in December ...

2009

Features: World’s Best Derivatives Providers

Derivatives Stage A Comeback


Market participants are rediscovering the appeal of derivatives, and the providers that stayed the course during the recent meltdown are reaping the benefits.


By Laurence Neville

F_w_02 In the year covered by Global Finance’s sixth annual ...

Cover Story: Emerging Powerhouses

Far from collapsing under the weight of the recent financial crisis, the biggest emerging markets are powering the next wave of global growth.

By Laurence Neville

cover_01 In its July World Economic Update,the International Monetary Fund said that the global ...

Newsmakers: IPO Surge Suggests Some Confidence Is Returning

GLOBAL

By Laurence Neville

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Perking up: The US market is showing signs of revival

Six months after global equity markets began a remarkable rally and a year since the global financial system almost collapsed, the IPO is back in markets ...

Regulars : Newsmakers : India

In the past decade, India and China have been mentioned in the same breath when discussing the coming giants of the world economy.

By Laurence Neville

09June_04_02 In truth, India has never been in China’s league when it comes to ...

Cover Story: All Change

Recent financial turmoil has accelerated the seismic shifts taking place in the balance of global economic and political power. How the major powers act in the coming years will determine the future shape of globalization.


BY LAURENCE NEVILLE

09June_18_01 The global ...

Features : Europe in Crisis

EUROPE IN CRISIS


Many of Europe’s former star economies are still struggling to find their feet after falling prey to the credit crunch.

By Laurence Neville

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Emerging Europe is on the edge of a precipice. Already a number of ...

Milestones : G-20 sets out the new world order

The G-20 meeting in London in April was groundbreaking for the scale of the resources committed to the IMF and the unity of a diverse group of nations to combat global recession. But the legacy of the G-20 will be ...

Features: Annual survey best developped markets banks


WORLD’S BEST DEVELOPED MARKETS BANKS 2009

Global Finance unveils its annual list of the best banks in developed markets around the world.
By Laurence Neville


When Global Finance published its 2008 awards a year ago, the financial crisis was ...

Features: Country report Russia


RUNNING ON EMPTY

Russia is facing some tough decisions as it adjusts to a far more challenging economic and political environment.


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Just over a decade after Russia’s forced devaluation of the ruble and default on its debt—which followed ...

Milestones : Corporate Europe Set For Equity Rush

EUROPE

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Cash is costly for Hammerson, developer of this UK cineplex

With headlines dominated by bank bailouts totaling billions of dollars, it’s easy to get blasé about the scale of the challenge facing the global economy. Nevertheless, a new ...