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Cover Story

The 10%+ Club

  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 ...

Features

EM Regional Review: Asia

  WAITING GAME By Anita Hawser Asia is watching closely to see what happens to the West's buckling economies. However, intraregional trade growth and ever-increasing trade between the emerging markets will help cushion any impact.   Much of the world’s ...

EM Regional Review: Africa

  AT A CROSSROADS By Jonathan Gregson Africa is at the cusp of major change. Whether that change involves greater economic growth and an improved standard of living depends on both internal and external events over the next few years. ...

EM Regional Review: Introduction

    FEAST AND FAMINE   By Anita Hawser The emerging markets are affected to a greater or lesser degree by what is happening in the developed world.   Those countries and regions that are most closely tied to the ...

EM Regional Review: Middle East

    THE ARAB SPRING’S COSTS AND CONSEQUENCES   By Gordon Platt Countries in the region are evaluating the economic outcome of social and political upheaval—both the opportunities and the challenges.   Commercial International Bank, Egypt’s largest private sector bank, ...

Award Winners

Best Derivatives Providers 2011

ANNUAL SURVEY AND AWARDS   By Michael Shari   Counterparty risk trumps pricing as criteria for picking derivative providers. Wall Street is retaking market share from European rivals   Never underestimate the sleight of hand with which the fast-paced derivatives ...

Best Internet Banks Awards Ceremony

AWARDS CEREMONY: LOCATION NEW YORK CITY   Representatives of most of the first-round winners of The World’s Best Internet Banks awards joined Global Finance on November 3 at the Harvard Club in New York City for the ninth annual Best ...

Emerging Markets Roundup

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: India

SLACKENING M&A; MAY PICK UP AS MONETARY POLICY EASES   By Aaron Chaze   Corporate dealmaking in India has declined in the period of the year through October 2011.   Indian Internet penetration grows According to global consulting firm Grant ...

Emerging Markets Roundup: Russia

THRESHOLD RISES FOR FOREIGN INVESTMENT IN THE NATURAL RESOURCE SECTOR   By Kim Iskyan   Russia’s parliament is set to approve long-awaited amendments to legislation on foreign investment in certain strategic sectors.   Easing requirements for natural resources investment The ...

Global Salon

Global Salon

PARADIGM SHIFT By Vanessa Drucker As part of its Salon series, Global Finance sat down on November 1 with Marc Chandler, global head of currency strategy at Brown Brothers Harriman and author of Making Sense of the Dollar .   ...

Country Report

Country Report: Greece

BALANCING ACT By Vanessa Drucker Greece’s politicians must balance growth and austerity, but it will mean walking a tightrope with no safety net in sight.   Greece needs a fresh blueprint for economic and social survival. Eurozone debt restructuring packages ...

Country Report: Turkey

EVADING A HARD LANDING By Gordon Platt Turkey’s widening trade and current account deficits are making some investors nervous, but government officials are confident they can keep the fast-growing economy from overheating if they apply the proper mix of fiscal ...

Milestones

Hopes For Era Of Stability In Kyrgyzstan

MILESTONES: KYRGYZSTAN   By Kim Iskyan   Late October’s landslide victory of incumbent prime minister Almazbek Atambayev as the new president of Kyrgyzstan may bring a modicum of stability to the country’s tumultuous domestic political environment.   Atambayev may favor ...

Corporate Finance

Debt: Yields Bring In Investors

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   With market yields nearing 10%, investors rushed back into the high-yield corporate bond market in mid-October to take advantage of low prices and spreads to Treasury bonds of 900 basis ...

FX: Europe’s Debt Plan Missing Detail

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   Risk aversion appeared to be creeping back into the markets in early November, as the initial euphoria about the eurozone’s master plan to solve the debt crisis began to fade. ...

Newsmakers

Daunting Tasks For Papademos

NEWSMAKERS: EUROPE   By Valentina Pasquali   Greece’s interim prime minister Lucas Papademos was appointed in November, after much squabbling between the country’s two main political parties.   Papademos most qualified candidate for the job Papademos faces the daunting tasks ...

Jon Corzine Has A Lot Of Explaining To Do

NEWSMAKERS: UNITED STATES   By Gordon Platt   Jon Corzine, the former governor of New Jersey and once a US senator, believes that a man’s word is his bond.   Fallout from MF Global raises concerns over CFTC watchfulness When ...

The Italian Job

NEWSMAKERS: ITALY   By Anita Hawser   As yields on Italian debt crept above 7% in mid-November, all eyes were on Italy as the next house of cards that could come tumbling down in the eurozone.   Bini Smaghi out ...

Woodford Out Of The Picture At Olympus

NEWSMAKERS: JAPAN   By Luca Ventura   When Michael Woodford was promoted to president and then CEO of camera and medical equipment maker Olympus Corporation earlier this year, analysts and investors had high hopes for the future of the 92-year-old ...