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Emerging Markets Roundup

Awards: Risk Management Providers 2012

RISKY BUSINESS


By Alfred Modugno


Global Finance presents the winners of its Best Global Risk Management Providers 2012 Awards, incorporating our Best Global Insurers and Best Derivatives Providers Awards.

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There is no question the world has become more complex and ...

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 ...

Emerging Markets Review: Middle East Oil Glut

OIL GLUT


By Gordon Platt


High oil prices have enabled the Middle East’s major oil producers to finance infrastructure investments despite the global slowdown. But the jig might soon be up.

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With its massive inflow of oil-export earnings, the ...

Emerging Markets Review: Sustainable Growth In Latin America

SUSTAINING MOMENTUM


By Antonio Guerrero


Prolonged Western concerns and slowing in China are beginning to affect the region’s outlook. It will be up to Latin America’s largest economies to keep the impetus alive.

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According to the IMF’s ...

Emerging Markets Roundup: Africa

AfDB SEEK TO REPATRIATE FOREIGN RESERVES

By Antonio Guerrero

The African Development Bank, (AfDB) a regional development bank based in Tunisia, is working to bring a portion of Africa’s $500 billion in foreign reserves held abroad back to the ...

Emerging Markets Roundup: Brazil

BRAZIL TO REVIVE MBS TAX EXEMPTIONS

By Antonio Guerrero

The Brazilian government is looking to revive the market in mortgage-backed securities by providing tax exemptions for foreign investors, following a nearly 50% decline in sales of new debt supported by ...

Emerging Markets Roundup: China

CHINA MOVES FORWARD ON FOREIGN POLICY CHALLENGES WITH EU, US

By Thomas Clouse

Chinese president Hu Jintao opened the country’s 18th Communist Party Congress in November with pledges to crack down on corruption within the organization. At the meeting ...

Emerging Markets Roundup: India

RBI TIGHTENS CREDIT-PROVISIONING NORMS FOR INDIAN BANKS

By Aaron Chaze

As growth slows in India, the central bank is pushing banks to prepare for higher credit costs.

One of the measures adopted by the Reserve Bank of India is an ...

Emerging Markets Roundup: Middle East

BEARING GIFTS, QATAR’S EMIR VISITS GAZA

By Gordon Platt

Qatar’s emir pledged $400 million to rebuild and modernize the Gaza Strip, in the first visit by a head of state to the Palestinian enclave since a military offensive ...

Emerging Markets Roundup: Russia

ROSNEFT-TNK-BP MERGER CREATES WORLD’S LARGEST OIL PRODUCER

By Kim Iskyan

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Russian state oil producer Rosneft said it would purchase fellow oil giant TNK-BP from BP and a group of Russian investors, for $55 billion. The transaction would create the ...

Global Risk Management Providers 2012: Learning To Like Vanilla

LEARNING TO LIKE VANILLA


By Gordon Platt

Global Finance presents its annual awards highlighting the best global derivatives providers.

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Reform and regulation of the derivatives markets is having a major impact on the functioning of the industry and the types ...

Global Salon

Salon: David Kirkpatrick, Techonomy

ERADICATING THE HIERARCHY

By Vanessa Drucker

In this month’s Salon, Global Finance sits down with David Kirkpatrick, author of The Facebook Effect. As founder and CEO of Techonomy, he hosts conferences that illuminate the growing connection between technology, innovation ...

Milestones

Boom-Bust Commodities Cycle Could Test Mongolia's Fiscal Mettle

MILESTONES: MONGOLIA

By Arthur Clennam

While the rest of Asia is slowing down, Mongolia is too, but by an entirely different playbook. Stoked by lucrative mining discoveries, Mongolia pushed out a blistering 17.5% growth rate in 2011-one of the ...

Hungarian Banks' Lending Capacity Reduced By Backtrack

MILESTONES: HUNGARY

By Paul Mackintosh

The Hungarian government threw the country’s banking sector into disarray in mid-October by reneging on an agreement with local banks to halve from 2013 the crisis levy imposed on them.

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Matolcsy blames EU miscalculations ...

Investors, Not Banks, Will Feel Brunt Of Tobin Tax

MILESTONES: EU

By Anita Hawser

The proposed Tobin Tax, or financial transaction tax (FTT), is a political hot potato that is being kicked around by various European countries in the wake of the global financial crisis as a means of ...

Shining a Light on Insurers

MILESTONES: GLOBAL

By Joel Kranc

In the wake of the Great Recession, the G20 nations tasked themselves with creating stronger regulatory guidelines for the banking sector that would, hopefully, prevent future meltdowns like the one seen in 2007-2008. Part of ...

WTO Entry Offers Legal, Regulatory Benefits To Laos

MILESTONES: LAOS

By Thomas Clouse

The Lao People’s Democratic Republic will take the final step in its 15-year campaign to join the World Trade Organization (WTO) this month when the country’s legislature ratifies its membership agreement.

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Laotian trade ...

Corporate Finance

Debt: AbbVie Launches Big Bond Deal

CORPORATE FINANCING NEWS: CORPORATE DEBT

By Gordon Platt

Pent-up demand following a shutdown for Hurricane Sandy combined with near-record-low interest rates to release a torrent of new corporate bond issues in early November. AbbVie, the pharmaceutical unit of Abbott Laboratories ...

DRs: Huge Pipeline For Asian IPOs

CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS


By Gordon Platt


The Asian markets accounted for 76% of global funds raised in initial public offerings in the third quarter of 2012, and there are more than 200 Asian companies in the IPO ...

FX: Positive US Economy Boosts Dollar

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Gordon Platt

A batch of better-than-expected US economic data, including nonfarm payrolls and housing prices, gave the dollar a lift last month.

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Analysts said the signs of strength diminished the need for the Federal ...

M&A: Spectrum Demand Spurs Telco Deals

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS

By Gordon Platt

Mobile telecom service providers are making a mad dash for broadband spectrum by acquiring competitors, in a modern-day version of the Oklahoma land rush of 1889.

T-Mobile USA, owned by Deutsche Telekom ...

Newsmakers

Cross-Border Dealmaker Seeks To Exit Indonesian Deal

NEWSMAKERS: EUROPE/INDONESIA


By Udayan Gupta


Nathaniel Rothschild’s Indonesian mining deal in 2010 was seen as a portent of how such cross-border deals could be done.

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Rothschild (L) and Bakrie CEO Bobby Umar in happier days

Thirty months later ...

Ford Grooms CEO Successor

NEWSMAKERS: US

By Valentina Pasquali

Ford Motor Company recently unveiled a two-year succession plan geared toward a full management reshuffle by 2014. The centerpiece of this arrangement was the appointment of Mark Fields as chief operating officer, effective from December ...

Investors Wary In Run-Up to Kenya’s Presidential Election

NEWSMAKERS: KENYA


By Dan Keeler


Nervousness about Kenya’s March 2013 general election is prompting international investors to put their investment plans on hold, says Musalia Mudavadi, one of the leading candidates in the presidential race.

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Mudavadi: Kenya’s growth ...

Safe Bet In Visa CEO Transition Could Backfire

NEWSMAKERS: US


By Valentina Pasquali


With electronic payments gaining favor among consumers, credit-card giant Visa is enjoying high profits and a positive outlook for long-term growth.

It is no surprise, then, that the world’s largest payments network chose continuity ...

Safest Emerging Markets Banks

Emerging Markets' Biggest Banks

EMERGING GIANTS


By Andrew Cunningham

Global Finance presents its annual listing of the Biggest Banks in the Emerging Markets.

Eight of the 10 biggest emerging markets banks are Chinese, and a further 10 Chinese banks are included in the rankings ...

Emerging Markets' Safest Banks

CONTINENTAL EROSION

By Andrew Cunningham

Global Finance presents its annual ranking of the Top 50 Safest Banks in the Emerging Markets.


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Banks in the Arabian Gulf and Asia have strengthened their hold on the rankings of safest banks in emerging ...

Additional Stories

Awards: Best Internet Banks Round 2

ELITE PERFORMERS


By Adam Rombel

In the second of a two-part series, Global Finance recognizes the best corporate/ institutional and consumer Internet banks globally.

For the 13th year, Global Finance ’s World Best Internet Bank Awards is spotlighting and honoring ...

EM Safest Banks: Safest Banks By Region

HOW WE MEASURE THE SAFETY OF BANKS

By Andrew Cunningham

The safest banks chart compares the ratings for the world’s largest 500 banks, based on asset size. Long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor’s and ...

Global Risk Management Providers 2012: Winners' Circle

STAYING NIMBLE


By Kathryn Tully


Of Global Finance ’s derivatives exchange awards, IntercontinentalExchange has won the achievement award four times out of five, while NYSE Euronext, the European Climate Exchange, Eurex and the Chicago Board Options Exchange have shared the ...

Polls And Stats: Labor Productivity

Those countries that adapt well to changing economic environments and embrace new developments are more likely to boast high productivity, according to think tank The Conference Board of Canada. During the crisis in 2008 and 2009, OECD productivity contracted by ...

Risk Management: Property Insurance

STUMBLING OFF THE BLOCKS


By Dave Lenckus


Investors are piling into rapidly growing markets such as Brazil and Argentina. Financing risk in such markets can be fraught with difficulty, but insurance options are available.

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Economic data shows unexpected strength in ...

Roundtable: Turkey Banking And Finance

AN INVESTMENT-GRADE STORY


Moderated by Dan Keeler


Global Finance hosted Turkey’s central bank governor and Turkish financial executives at a roundtable in Istanbul in September to discuss economic development, the importance of Turkey’s upgrade to investment grade and ...

TCM: Cash Visibility And Control

A CONTROLLING INTEREST


By Rebecca Brace


Cash visibility and control keeps treasurers awake at night, but thanks to rising use of new standards and technology, attaining a clearer picture is becoming much easier.

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Controlling the company’s cash is a ...

Transaction Processing Awards Ceremony

WORLD’S BEST TRANSACTION PROCESSING PROVIDERS 2012 LOCATION OSAKA, JAPAN Global Finance held its Transaction Processing awards ceremony in Osaka in October, during the annual Sibos technology conference. Financial and service leaders from around the world were present to accept their ...

Winners’ Circle: Investment Banks

GLOBAL REMODEL


By kathryn Tully


The Best Investment Bank award at Global Finance is a relatively recent innovation, reflecting performance in the four years since the financial crisis led to consolidation and a complete overhaul of the investment banking model ...