The largest fully nonrecourse project finance deal of 2014, in fact the largest ever, was the expansion of a liquefied nitrogen gas (LNG) facility near Freeport in Texas.
Market Report | Equity Derivatives
With volatility rising from historic lows on the equity derivatives market, investment banks are finding renewed interest from clients among nonfinancial corporations.
After four years of challenges in the social, economic and political space, Egypt rolls out the welcome mat for foreign direct investors.
Market Report | China
The globalization of China’s currency continues at a rapid pace, as regulations ease cash pooling, renminbi trade finance accelerates, and the dim sum bond market goes gangbusters.
Market Report | Islamic Finance
New structures and issuers and greater standardization are pushing issuance in the global sukuk market.
Frontier Markets Report | Costa Rica
Costa Rica has a long history of actively and successfully seeking outside investment. However, the country is dealing with high unemployment and an uncertain fiscal outlook, given that the government plans to ramp up spending on social programs, which could raise the debt level.
Presenting the World’s Best Trade & Supply Chain Finance Awards for 2015.
Market Analysis | Trade Finance
The outlook for trade finance in North America appears modestly positive. “Growth will be more in line with global GDP,” says Chris Lewis, executive vice president and group head, international trade services, Wells Fargo.
Market Analysis | Supply Chain Finance
Trade agreements, falling commodity prices, economic growth and Basel III are among the issues that are top of mind for many experts in banking and trade finance in Asia.
Q&A | Supply Chain Finance
Nadya Talhouni, senior vice president and head of trade finance and cash management at Arab Bank, says MENA banks are well placed to handle business needs previously covered by European banks.
Q&A | Supply Chain Finance
Tomáš Hron, head of global transaction banking, UniCredit Bank, Czech Republic and Slovakia, on the limits of digitization in trade and the supply chain.
The 2015 World’s Best Global Insurers were selected on the basis of responses from more than 1,500 readers of Global Finance from around the world, as well as the expertise of the magazine’s editors and reporters.
Global Finance sat down with Arvind Rajan, International Chief Investment Officer at Prudential Fixed Income, to discuss the impact of low oil prices on the ability of emerging markets to service their debt.
Country Report | Saudi Arabia
Saudi Arabia’s budget deficit is ballooning, but a ministerial reshuffle has fueled hopes the kingdom is resolute in kicking its hydrocarbon addiction.
Saudi Arabia | Banking Sector
Highly capitalized and boasting healthy margins, Saudi banks are unlikely to feel much fallout from the country’s slowing economy and the impact of low oil prices.
Country Report | Mozambique
Mozambique is the current star in Africa’s rising inward-investment constellation. For much of the last quarter of the 20th century, Mozambique was a war zone. Today the only war on its horizon is a bidder’s war, as investors salivate over the opportunities this Southern African country offers.
Milestones | Russia
During economic crises, Russia’s banking sector has tended to make a bad situation worse; The current crisis appears to be no different.
Milestones | Norway
With prices less than half the level of a year ago, Norway has been hit hard by the slump in crude revenues.
Milestones | European Union
Regulators had Web giants like Google and Apple in their sites when they framed a new value-added tax (VAT) regulation for businesses selling digital products into the European Union
Newsmakers | Malawi
Friday Jumbe is set to become the latest African finance minister to swap his political ambitions to take up a senior post in a development bank.
Newsmakers | United States
Weiss is widely regarded as capable, and is a liberal himself. But he came under fire because of his affiliation with Wall Street, as many in the American left have been calling for an end to the “revolving door,”
Newsmakers | Croatia
Despite the ceremonial nature of the Croatian presidency, Grabar-Kitaroviċ has denounced the government for “cold-hearted” economic policies and says Croatia’s economy is a national disgrace.
Corporate Finance & Capital
Capital Markets | Mergers & Acquistions
Analysts expect 2015 to be a great year for mergers and acquisitions, with the US leading the way.
Capital Markets | Pharmaceuticals M&A
Walgreen CEO Greg Wasson grabbed a tiger by the tail with his plan for the biggest US drugstore chain to acquire Alliance Boots, a European multinational drug dispensary.
Capital Markets | Corporate Debt
As Russian companies strive to cope with higher borrowing costs and a shortage of dollars and euros to repay foreign debt, emerging markets bonds are coming under increasing scrutiny by investors.
Capital Markets | Sovereign Debt
The Philippines sold $2 billion of 25-year bonds in January, in a highly successful sale that attracted $13.5 billion in orders.
Trends | Foreign Exchange
Foreign exchange traders complained that lack of volatility in the market last year was drying up their business. These same traders are now feeling whiplash from the Swiss National Bank’s surprise move on January 15 to de-peg the “Swissie” from the euro.
Trends | Bank Capitalization
As Spaniards returned from the Los Reyes Magos (Epiphany) holiday, Spain’s Santander, Europe’s biggest bank, sold the equivalent of nearly 10% of its capital in one day, raising €7.5 billion ($8.7 billion) in cash and bringing required ratios in line with those of the banking industry.
Management | Shareholder Activism
A battle is heating up ahead of the DuPont’s annual shareholders meeting, planned for April.
Management | Corporate Cash
The partial revival seen recently in capital investment by companies reflects the mixed performance of the global economy and the outlook for it.