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Cover Story

Cover Story: The price for protection

THE NEW PROTECTIONISTS As countries seek to safeguard their economies from the effects of the global downturn, they risk being accused of protectionism. The fall-out could be ugly. When US president-elect Barack Obama sailed to victory in the November US ...

Features

Features : After the Storm

BANKING CRISIS FALLOUT Colossal losses by financial institutions have prompted calls for more-effective regulation. Refining the Basel banking rules might provide the answer. Global crisis: For the biggest names in banking there has been nowhere to hide from the current ...

Features : Country Report : Taiwan

Policymakers in Taiwan are pulling out all the stops in their response to the global economic slump. Taiwan's president Ma Ying-jeou: Promoting better relations with China. Taiwan is an economic success story. The island, despite political uncertainty, limited natural resources ...

Features : Eastern Promise

CHINA AND INDIA As the global economy continues to struggle, many are hoping China and India will save the world from a synchronized dive into recession. Growth industry: India's call center business is flourishing. As the United States and other ...

Features : Roundtable: Treasury & Cash Management

SPONSORED ROUNDTABLE With credit conditions tightening around the world, businesses are focusing more than ever on effective liquidity management. Global Finance brought together some of the leaders in the treasury and cash management field to discuss current trends and potential ...

Features : World's Best Foreign Exchange Providers 2009

BEST FX PROVIDERS Global Finance selects the leaders in the world’s biggest financial market. The foreign exchange market has continued to thrive throughout the global financial crisis, providing some welcome profits for beleaguered financial institutions. Average daily turnover has surpassed ...

Emerging Markets Roundup

Features : Roundtable: Treasury & Cash Management

SPONSORED ROUNDTABLE With credit conditions tightening around the world, businesses are focusing more than ever on effective liquidity management. Global Finance brought together some of the leaders in the treasury and cash management field to discuss current trends and potential ...

Corporate Finance : Shortage Of Dollars Supports Greenback

FOREIGN EXCHANGE A persistent shortage of dollars in global money markets is helping to bolster the greenback, even as US economic data portray an economy that is mired in recession, currency analysts say. The dollar continues to benefit from a ...

Emerging Markets : $2.9 Billion EM Fund Attracts Investors

NEWS Actis, a leading private equity investor in emerging markets, has successfully raised $2.9 billion for investment in Africa, Asia and Latin America. This is one of the largest dedicated EM private equity funds closed in 2008. The new fund, ...

Emerging Markets : Banking Giants Push For Growth

BRAZIL Presidents Medvedev and Lula call for the first-ever BRIC summit. Eager to maintain its status as Latin America’s largest financial institution, Banco do Brasil, Brazil’s largest state-controlled bank, announced the acquisition of Nossa Caixa, a bank owned by the ...

Emerging Markets : Business Confidence Crumbles Amid Economic Gloom

INDIA Building hope: One of the few brights spots in the Indian economy, real estate still attracts investors. Leading Indian manufacturers have dismissed the Indian government’s $4 billion stimulus package as insufficient. The Federation of Indian Chambers of Commerce and ...

Emerging Markets : Company To Watch: Unilever Indonesia

UNILEVER CLEANS UP ACT OVER PALM OIL Unilever Indonesia recently opened a factory for skin-care products in Cikarang, West Java. The factory joins seven others operated by Unilever in the country, where Lever Brothers opened a soap factory in 1933. ...

Emerging Markets : Downturn Bites Harder

China Treasury secretary Paulson and Chinese president Hu vow to fight protectionism. China has increased export tax rebates and depreciated the value of the yuan relative to the US dollar in recent weeks, prompting fears that protectionist pressures could be ...

Emerging Markets : Nigeria Sets Up Credit Bureau

Africa Africa's airlines are looking to tap new credit lines. The Central Bank of Nigeria issued guidelines for establishing and operating credit bureaus, in a move that will support the development of the country’s credit market by providing greater access ...

Emerging Markets : Region Feels Effects Of Global Slowdown

MIDDLE EAST Trouble in paradise: Dubai feels the chill of a global recession. Property prices on Dubai’s upscale Palm Jumeirah, an artificial island shaped like a palm tree, fell sharply late last year. Construction work on the Trump International Hotel ...

The World's Best Foreign Exchange Providers

Features : World's Best Foreign Exchange Providers 2009

BEST FX PROVIDERS Global Finance selects the leaders in the world’s biggest financial market. The foreign exchange market has continued to thrive throughout the global financial crisis, providing some welcome profits for beleaguered financial institutions. Average daily turnover has surpassed ...

Milestones

Milestones : Blizzard Of Rate Cuts Topples Records

GLOBAL FINANCIAL CRISIS Bernanke: Has slashed Fed rate to record lows. Central banks around the world dug deeply into their ammunition dumps and unleashed a volley of outsized rate cuts in December, hoping to keep their economies from worsening amid ...

Milestones : Business Schools Promote Responsibility

UNITED STATES Greening finance: Social and environmental ethics will form part of business curriculums. A burgeoning global movement to reshape corporate behavior by weaving corporate social responsibility principles into business school teaching got a boost last month. At the first ...

Milestones : Ethanol Industry Faces Prospect Of Demand Slump

Brazil Not so sweet: Predicted demand for Brazil's ethanol is falling. Just a year after Petrobras, Brazil’s state-controlled oil company, predicted Brazil would triple its annual ethanol output to around 70 billion liters by 2020, the market appears to be ...

Corporate Finance

Corporate Finance : Credit Market Enters Eye Of The Storm

CORPORATE DEBT A combination of heavy supply and rising defaults makes it difficult to forecast a bottom for the credit markets in 2009, analysts say. The new-issue market in US high-yield bonds remained frozen solid late last year, with no ...

Corporate Finance : Shortage Of Dollars Supports Greenback

FOREIGN EXCHANGE A persistent shortage of dollars in global money markets is helping to bolster the greenback, even as US economic data portray an economy that is mired in recession, currency analysts say. The dollar continues to benefit from a ...

Newsmakers

Newsmakers : Correa Steps Up Debt Campaign

Ecuador Correa: Buying political capital with debt restructuring. Ecuadorian president Rafael Correa has made good on his 2006 presidential campaign promise to default on any foreign debt deemed illegitimate, defaulting on $3.9 billion in global bonds. This marks Ecuador’s seventh ...

Newsmakers : Credit Crunch May Be A Myth

United States Marenzi: Interbank lending assertions are puzzling. A chorus of dissenting voices has emerged that is challenging the widely held belief that interbank lending markets have dried up, commercial lending is being curtailed, and non-financial commercial paper markets have ...