Magazine Cover

Cover Story

Cover Story : Emerging Markets 2006

Global Finance Surveys The Prospects For The Markets That Are Fast Becoming The Engines Powering Global Growth. In this special issue we find out what is in store for the world’s emerging markets over the coming year. After a year ...

Features

Features : Getting Comfortable With Growth

China’s efforts to cool overheated sectors seem to have paid off, and the country appears set for another banner year. ACGA’s Jamie Allen China entered 2005 with an unusual goal: to slow down. Its economy grew at an average annual ...

Features : Investors See Hope Amid The Turbulence

After a year of relative stability, Latin America is heading into uncertain times in 2006. At best, Latin America’s prospects for this year could be described as mixed. While the economies of countries such as Brazil and Colombia are becoming ...

Features : New Breed of Tigers Begins To Roar

High oil prices and accelerating regional growth are transforming the prospects of Asia’s new emerging markets. While much of the world’s attention is focused on the phenomenal success stories of India and China, it is easy to forget that much ...

Features : Treasury & Cash Management Roundtable

Treasurers Find Role at Center Stage At a recent meeting in New York City, Global Finance brought together some of the leading figures in the global treasury and cash management business to discuss the prospects for the industry’s future. GLOBAL ...

Features : World’s Best Foreign Exchange Banks 2006

GLOBAL FINANCE SELECTS THE LEADERS IN THE WORLD’S BIGGEST FINANCIAL MARKET. The many barrels of ink spent on explaining China’s 2.1% revaluation of the yuan last July—and the ongoing effort of the Group of 7 industrial countries to force a ...

Features : World’s Best Foreign Exchange Banks 2006

Annual Survey GLOBAL WINNER Deutsche Bank title North — America Citigroup Western Europe — Deutsche Bank (Honorable Mention: UBS and HSBC) Asia-Pacific — HSBC Southeast Asia — DBS Central & Eastern Europe — Bank Austria Creditanstalt Latin America — Citigroup ...

Emerging Markets Roundup

Cover Story : Emerging Markets 2006

Global Finance Surveys The Prospects For The Markets That Are Fast Becoming The Engines Powering Global Growth. In this special issue we find out what is in store for the world’s emerging markets over the coming year. After a year ...

Features : Investors See Hope Amid The Turbulence

After a year of relative stability, Latin America is heading into uncertain times in 2006. At best, Latin America’s prospects for this year could be described as mixed. While the economies of countries such as Brazil and Colombia are becoming ...

Features : New Breed of Tigers Begins To Roar

High oil prices and accelerating regional growth are transforming the prospects of Asia’s new emerging markets. While much of the world’s attention is focused on the phenomenal success stories of India and China, it is easy to forget that much ...

Features : Treasury & Cash Management Roundtable

Treasurers Find Role at Center Stage At a recent meeting in New York City, Global Finance brought together some of the leading figures in the global treasury and cash management business to discuss the prospects for the industry’s future. GLOBAL ...

Emerging Markets : New Index Tracks ‘Big Four’ Markets

NEWS MSCI Barra, a Morgan Stanley majority-owned company that develops and maintains benchmark indexes for an estimated $3 trillion of investment assets worldwide, has created a new equity index combining Brazil, Russia, India and China. Known as the MSCI BRIC ...

Emerging Markets : Accidents Highlight Structural Issues

CHINA Pollution problems: China struggles The head of China’s State Environmental Protection Agency (SEPA) resigned in early December after an explosion at a chemical plant in the northeastern city of Jilin exposed weaknesses in environmental policy, government accountability and safety ...

Emerging Markets : Broadcaster Spreading Its Wings

COMPANY TO WATCH: GRUPO TELEVISA/MEXICO Mexico City-based Grupo Televisa has won a television license in Spain, gaining access to a major new advertising market. Televisa, Mexico’s number-one TV broadcaster, with more than 150 affiliated stations, is also the main provider ...

Emerging Markets : China’s Chip Designers Fall Flat

DR NEWS China-based computer chip designers for MP3 music players and digital cameras failed to wow investors in their recent Nasdaq debuts. Unlike last summer’s initial public offering of Baidu, known as “China’s Google,” which rose 354% in its first ...

Emerging Markets : Hunt For Oil Intensifies

INDIA Intel’s Craig Barrett The Indian government is set to announce the opening of the sixth round of bidding for onshore and offshore exploration blocks in January 2006. Nearly 30 exploration blocks will be open for bidding. The fifth round, ...

Emerging Markets : Shine Starts To Fade

BRAZIL José Serra: Heading for victory? After a strong economic recovery that produced 4.9% GDP growth in 2004, Brazil’s economy is slowing down. With the presidential election looming in October and President Luiz Inácio Lula da Silva facing challenges on ...

The World's Best Foreign Exchange Providers

Features : World’s Best Foreign Exchange Banks 2006

GLOBAL FINANCE SELECTS THE LEADERS IN THE WORLD’S BIGGEST FINANCIAL MARKET. The many barrels of ink spent on explaining China’s 2.1% revaluation of the yuan last July—and the ongoing effort of the Group of 7 industrial countries to force a ...

Features : World’s Best Foreign Exchange Banks 2006

Annual Survey GLOBAL WINNER Deutsche Bank title North — America Citigroup Western Europe — Deutsche Bank (Honorable Mention: UBS and HSBC) Asia-Pacific — HSBC Southeast Asia — DBS Central & Eastern Europe — Bank Austria Creditanstalt Latin America — Citigroup ...

Milestones

Milestones : Credit Derivatives Market Primed To Explode

GLOBAL Deutsche Bank’s John Tierney The credit derivatives market is set to continue to grow at a rapid pace in 2006 with an ever-widening base of financial institutions, and even some corporates, using the market, according to industry observers. The ...

Milestones : Wal-Mart Bets Big on Brazil’s Market

BRAZIL Wal-Mart Stores, the world’s largest retailer, did some shopping in Latin America’s biggest market last month and agreed to pay about $757 million for 140 Brazilian stores. While Wal-Mart’s purchase from Portugal-based Sonae provided Brazil with no net new ...

Milestones : Growth Set to Trigger Sell-Off Wave

EUROPE F&C;’s Adrian Fowler European stock markets are expected to perform well in 2006, tempting companies to come to market to finance mergers and acquisitions and to launch IPOs in a repeat of the pattern seen in 2005. Despite a ...

Milestones : The Teflon Economy Might Get Stickier In 2006

UNITED STATES The US economy is dependent on fortunes of the housing market The US economy has grown at nearly a 4% annual rate for the past two-and-a-half years, shrugging off a widening trade deficit and rising oil prices. Concerns ...

Corporate Finance

Corporate Finance : Turkish, Indian Banks Sell Big Equity Stakes

Global Equity/DRs Turkish bank Türkiye Vakiflar Bankasi, or Vakifbank, and ICICI Bank, based in India, had major successful stock offerings late in 2005, a year in which the finance sector was the most-active area for global initial public offerings. Vakifbank’s ...

Corporate Finance : Will Yen Weakness Trigger Intervention?

Foreign Exchange What’s good for the goose may be good for the gander, but despite growing pressure on China to revalue the yuan further, so far Japan has escaped the wrath of the United States and other members of the ...

Newsmakers

Newsmakers : Economy Minister Jumps off Deep End

ARGENTINA Felisa Miceli Just weeks after taking over as Argentina’s new economy minister, Felisa Miceli is already tackling one of the country’s biggest bogeys—inflation. The former head of the state-owned Banco de la Nación says she’ll take a tough stance ...

Newsmakers : State of the Nations

EUROPE Simon Zadek Companies may be under pressure from regulators and consumers to be more socially responsible, but now a new Responsible Competitiveness Index (RCI) demonstrates the link between the state of corporate responsibility and national competitiveness. The RCI forms ...