Magazine Cover

Cover Story

Cover Story : Recession Proof

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MIDDLE EAST REGIONAL REPORT


RECESSION PROOF

Saudi Arabia epitomizes the trend toward big spending on infrastructure by oil-rich nations that is keeping their economies afloat.

By Gordon Platt

The Middle East is not immune to the effects of the global ...

Emerging Markets Roundup

Features: All change


REGIONAL FOCUS ASIA

Asia’s economic powerhouses are shifting to a new economic model. The transition will be painful—but will also pay huge dividends.
By Thomas Clouse

alt Asia has played a starring role in the story of globalization. The ...

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 ...

Features: Country Report Turkey

ON A KNIFE EDGE
TURKEY


Turkey is well positioned to weather a global downturn, but it still faces some tough economic challenges.

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Tansan: Ankara must hold out for the best possible terms from the IMF.

There was a time not ...

Features: Global Custody

BUYER’S GUIDE

Global Finance presents its annual sponsored guide to the leading providers in the global custody market.

SUB-CUSTODIANS

DEUTSCHE BANK

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alt Custody Assets: 2008: €1.272 trillion

2007: €1.609 trillion

Ratings: Moody’s Aa1, S&P; A+, Fitch ...

Emerging Markets : Britains attemps to solve regulatory puzzle

UNITED KINGDOM


Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation.


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Turner: Getting tough

Unveiling the reform ...

Emerging Markets : Governments transform M&A landscape


EUROPE

The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market.


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PwC's Nick Page

Nick Page, partner, PricewaterhouseCoopers, says M ...

Corporate Finance : Drug Mergers Ease M&a Drought

MERGERS & ACQUISITIONS


corp_ma The need for bigger drug-development pipelines and more diversified businesses with greater geographic reach is fueling a wave of mergers in the pharmaceutical industry that is providing investment bankers with some much-needed underwriting fees. It is also giving ...

Corporate Finance : Nyse Lists Carbon Allowances Fund

GLOBAL EQUITY /DRS


The calendar of planned initial public offerings in the US was bone dry last month, and the only issue of size on the international horizon was a scheduled $1 billion preferred securities offering by Mitsubishi UFJ Financial ...

Emerging Markets : Africa

emr4

Tsvangirai: Vowed to restore
relations with the IMF.

The African Development Bank has used its own capital base to create a $1.5 billion trade finance facility that aims to fuel trade and investment in the region. African commercial lenders ...

Emerging Markets : Brazil

emr5

Brazil's air force is helping finance Embraer's $500 million development program for a new military transport plane.

Following Brazil’s recent credit boom, banks are starting to face increased customer arrears. A research report from BB Investimentos, a ...

Emerging Markets : China

emr1

On track: China's stimulus package will boost railroad investment.

China is pouring money into railroads and energy production as the implementation of the country’s 4 trillion yuan ($585 billion) stimulus package moves forward. Urban fixed asset investment grew ...

Emerging Markets : Chinese Property Firm’s Sales Rise

COMPANY TO WATCH: COLI/CHINA


China Overseas Land & Investment (COLI), a subsidiary of China State Construction Engineering, could be a beneficiary of China’s economic stimulus package. China’s largest developer by market value, COLI also focuses on infrastructure investment ...

Emerging Markets : First Colombian ETF Trades On Nyse Arca

NEWS


The first exchange-traded fund that seeks to replicate the performance of the 20 most-liquid securities in the Colombian market has begun trading on NYSE Arca, an all-electronic US trading platform. Global X Management, a New York-based asset manager, in ...

Emerging Markets : India


emr3

Electoral gains: Poll-related spending will help boost India's economy in 2009.

According to a consensus taken from a group of prominent Indian economists, including those representing the Prime Minister’s Economic Advisory Council, J.P. Morgan India and S ...

Emerging Markets : Rush To Modernize Is Matched By The Race To Invest

CHINA

Emerging_mkt_rdups_Nov04_6-
Competition between Beijing and Shanghai to become China’s financial center intensified as Beijing officials launched a road show to lure European financial institutions to the capital. Although Shanghai is home to one of China’s two stock exchanges ...

Emerging Markets : Russia

emr2

Sechin: Russia's deputy prime minister and Rosneft chairman.

In a signal that the Russian government is increasingly aware of the financial constraints it is facing, a top Kremlin adviser said that the state would not be bailing out any ...

Milestones

Emerging Markets : Britains attemps to solve regulatory puzzle

UNITED KINGDOM


Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation.


alt

Turner: Getting tough

Unveiling the reform ...

Emerging Markets : Governments transform M&A landscape


EUROPE

The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market.


alt

PwC's Nick Page

Nick Page, partner, PricewaterhouseCoopers, says M ...

Milestones : Britain Attempts To Solve Regulatory Puzzle

UNITED KINGDOM

milestones2

Turner: Getting tough.

Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation. FSA chairman Adair ...

Milestones : Governments Transform M&A Landscape

EUROPE

milestones1

PwC's Nick Page.

The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market. Nick Page, partner, PricewaterhouseCoopers, says M ...

Features

Features : Seeking An Energy Boost

SEEKING AN ENERGY BOOST

COUNTRY REPORT / PORTUGAL

Increased competition from new entrants to the European Union has dealt a severe blow to Portugal’s economy. Tourism and investment in renewable energy are helping it pick up the slack.

features5-1

Calm before ...

Features: All change


REGIONAL FOCUS ASIA

Asia’s economic powerhouses are shifting to a new economic model. The transition will be painful—but will also pay huge dividends.
By Thomas Clouse

alt Asia has played a starring role in the story of globalization. The ...

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.


alt

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

Features: Country Report Turkey

ON A KNIFE EDGE
TURKEY


Turkey is well positioned to weather a global downturn, but it still faces some tough economic challenges.

features7_a

Tansan: Ankara must hold out for the best possible terms from the IMF.

There was a time not ...

Features: Global Custody

BUYER’S GUIDE

Global Finance presents its annual sponsored guide to the leading providers in the global custody market.

SUB-CUSTODIANS

DEUTSCHE BANK

alt

alt Custody Assets: 2008: €1.272 trillion

2007: €1.609 trillion

Ratings: Moody’s Aa1, S&P; A+, Fitch ...

Features: Local Heroes

TREASURY & CASH MANAGEMENT ASIA REGIONAL REPORT


Many businesses in Asia were well prepared for the credit crunch, having learned some important lessons in previous regional crises.

By Anita Hawser


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As the subprime crisis rocked the foundations of the West’s ...

Features: Risky Business


FOCUS ENTERPRISE RISK MANAGEMENT


Risk managers are heading back to the drawing board after finding their systems were incapable of flagging up the perils that have brought the financial and corporate worlds to their knees.

ERM-Apr-09 First developed more than a ...

Features: The World's Safest Banks


ANNUAL SURVEY/ SAFEST BANKS MID-YEAR UPDATE


Global Finance selects the world’s safest banks, the 50 institutions with the highest ratings from the leading credit ratings agencies.


alt Such has been the turmoil in the world’s banking industry that Global ...

Corporate Finance

Corporate Finance : Dollar Stays Strong, But Yen Tumbles

FOREIGN EXCHANGE


corp_fx_01 The US dollar index, a measure of the value of the dollar against a basket of currencies, rose to a three-year high in March, as investors continued to seek the safe haven of US treasury securities.

"The decline ...

Corporate Finance : Drug Mergers Ease M&a Drought

MERGERS & ACQUISITIONS


corp_ma The need for bigger drug-development pipelines and more diversified businesses with greater geographic reach is fueling a wave of mergers in the pharmaceutical industry that is providing investment bankers with some much-needed underwriting fees. It is also giving ...

Corporate Finance : Nyse Lists Carbon Allowances Fund

GLOBAL EQUITY /DRS


The calendar of planned initial public offerings in the US was bone dry last month, and the only issue of size on the international horizon was a scheduled $1 billion preferred securities offering by Mitsubishi UFJ Financial ...

Newsmakers

Newsmakers : China's Premier Puts The Us On Notice

CHINA / UNITED STATES


newsmakers1

Wen Jiabao: May be preparing ground for major policy shift.

Wen Jiabao, China’s premier, has had a lot to say about US treasury bonds and the relative value of the yuan lately. Perhaps he misses his ...

Newsmakers : Perella Taps Into Petrodollar Boom

United Kingdom/United States


newsmaker2

Perella: Sees major
opportunities

Joseph Perella’s new investment firm looks well positioned to book some major deals in the Middle East. With petrodollars from around the world flooding into investments in the Gulf region (cover ...

Newsmakers : Roth Brings Down Franc

SWITZERLAND


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Roth: Doing the whole region a favor by pushing down the franc.

Jean-Pierre Roth, the low-key chairman of the Swiss National Bank, is not the type of person you would expect to shock the financial world. But that is ...

Newsmakers : Uncle Sam's Southern Friend

Colombia

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Uribe: Washington’s
ally

Colombian president Alvaro Uribe, the conservative right-wing leader reelected in May, remains Washington’s closest ally in a region governed overwhelmingly by center-left administrations. Critics, however, assert that the 53- year-old attorney, educated at Oxford ...

Best Developed Market Banks

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 ...