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Features

Features : Changing Investment Strategies

CHANGING INVESTMENT STRATEGIES CORPORATE TOOLBOX / SHORT-TERM INVESTING Credit market turmoil has forced corporate treasurers to re-evaluate their investment strategies. They are scrutinizing short-term investments for their strength and creditworthiness and demanding much greater information from the banks with whom ...

Features : Greasing The Wheels Of Global Trade

GREASING THE WHEELS OF GLOBAL TRADE ANNUAL SURVEY / SUPPLY CHAIN FINANCE Global Finance pinpoints the leaders in the increasingly innovative, creative and commercially important field of supply chain finance. The physical transportation of goods between buyers and suppliers may ...

Features : Seeking An Energy Boost

COUNTRY REPORT / PORTUGAL Increased competition from new entrants to the European Union has dealt a severe blow to Portugal’s economy. Tourism and investment in renewable energy are helping it pick up the slack. Calm before the storm: Portugal's economy ...

Features : Two Steps Forward, One Step Back

TWO STEPS FORWARD, ONE STEP BACK COUNTRY REPORT / INDONESIA Indonesia has made great improvements recently but some persistent problems are still holding it back. Clear skies ahead? Jakarta has worked hard to improve access for foreign investors. While much ...

Features: A Giant Country With Giant Challenges

A GIANT COUNTRY WITH GIANT CHALLENGES COUNTRY REPORT / KAZAKHSTAN Vast hydrocarbon reserves and financial regulators known for their toughness are helping Kazakhstan ride out an abrupt economic slowdown and a housing crunch. Kazakh president Nursultan Nazarbayev at the opening ...

Features: Cold Turkey

{loadposition Country_Skyscraper_Left} GENERAL INFORMATION Time Zone Afghanistan, Kabul, Afghan, Afghans Total Area 2,381,741 (2006) km² Capital Algiers (2009) Currency Algerian dinars (DZD) (2009) Government type republic (2009) Languages Albania, Albanian, Tirana, Albanians Religions Africa Total population 35.44 million(2009 forecast) Urban ...

Emerging Markets Roundup

Features : Two Steps Forward, One Step Back

TWO STEPS FORWARD, ONE STEP BACK COUNTRY REPORT / INDONESIA Indonesia has made great improvements recently but some persistent problems are still holding it back. Clear skies ahead? Jakarta has worked hard to improve access for foreign investors. While much ...

Newsmakers : Leaders Line Up Presidential Candidates

TURKEY Coskun Ulusoy: Army pension fund looks beyond Turkey, but not Asia. While pension funds in Europe and other parts of the world are being told to raise their game in order to make up investment shortfalls, the Turkish armed ...

Corporate Finance : JPMorgan Adds Dr Staff In Latin America, Asia

GLOBAL EQUITY/DRS JPMorgan has added new depositary receipt specialists in Argentina, Brazil and Singapore to assist the growing number of companies in these countries that want to have their equity traded on exchanges outside their home markets. The move follows ...

Emerging Markets : Kenya Calling

AFRICA Kenya's mobile communications industry flourishes following IPO of Safaricom. A June IPO by Kenyan mobile operator Safaricom was oversubscribed by 532%, according to Kenya’s finance minister Amos Kimunya. The government exercised a provision allowing it to reduce the amount ...

Emerging Markets : Markets Suffer As Prices Rise

INDIA RBI governor YV Reddy may tighten interest rates. Indian banks have continued to grow credit at a very rapid pace since the start of the new fiscal year on April 1. Bank credit expanded by 25.3% in these first ...

Emerging Markets : Medvedev Makes His Mark

RUSSIA Russia's new president Dmitry Medvedev, on his first international outing, with German leader Angela Merkel. Newly anointed Russian president Dmitry Medvedev used his first foreign visit—to Germany—to signal the Kremlin’s continued tough line on international affairs, underscoring his opposition ...

Emerging Markets : Soaring Surplus Channeled Into Wealth Fund

BRAZIL Mantega: Expects wealth fund to grow sharply. The Brazilian government increased its primary budget surplus by 0.5% of GDP, or some $7.9 billion, as part of a plan to finance its new sovereign wealth fund. The government now has ...

Emerging Markets : Taiwan And China Strengthen Ties

CHINA Fuel up: China's rising inflation rate is causing official concern. China and Taiwan agreed in June to open representative offices in each other’s capitals to promote better communication between the two governments. The agreement was reached during the first ...

Emerging Markets: “Green” City Rising Near Abu Dhabi

MIDDLE EAST Sustainable development: Abu Dhabi plans to create an eco-friendly city. Abu Dhabi, capital of the United Arab Emirates, the world’s third-largest oil exporter, is building a $22 billion carbon-neutral city near its international airport. Known as Masdar City ...

The World's Best Sub-Custodians

Features : Greasing The Wheels Of Global Trade

GREASING THE WHEELS OF GLOBAL TRADE ANNUAL SURVEY / SUPPLY CHAIN FINANCE Global Finance pinpoints the leaders in the increasingly innovative, creative and commercially important field of supply chain finance. The physical transportation of goods between buyers and suppliers may ...

Milestones

Milestones : Banks Struggle To Raise Cash

EUROPE UBS: Its third cash call, this time to investors, was successful. Almost a year after the US subprime crisis burst onto the wider global stage, Europe’s banks are paying the price of lax lending and investment criteria with a ...

Milestones : Copper Giant In Sell-off Talks

CHILE Chile's state-owned copper mine, Codelco, faces opposition over privatization plans. With the long wave of Latin American privatizations seemingly coming to an end, Chile looks like it might be about to jump back in the water. Talk of a ...

Corporate Finance

Corporate Finance : JPMorgan Adds Dr Staff In Latin America, Asia

GLOBAL EQUITY/DRS JPMorgan has added new depositary receipt specialists in Argentina, Brazil and Singapore to assist the growing number of companies in these countries that want to have their equity traded on exchanges outside their home markets. The move follows ...

Corporate Finance: Dollar Gets Drafted In War On Inflation

FOREIGN EXCHANGE Federal Reserve chairman Ben Bernanke gave the dollar a powerful boost last month with his observation that a weak dollar was contributing to imported inflation. Even before Bernanke gave his noteworthy speech at an international monetary conference in ...

Newsmakers

Newsmakers : Charity Partner In Second Mission To India

INDIA/UNITED STATES Global Finance's sponsored charity, Amrit Davaa, delousing children at Manjushree orphanage. In early June Global Finance’s partner charity Amrit Davaa embarked on its second mission to Tawang, a small town in a remote corner of Northeastern India, to ...

Newsmakers : Leaders Line Up Presidential Candidates

URUGUAY Danilo Astori: Businesses' "darling" in presidential race. Unable to seek reelection, Uruguayan president Tabaré Vázquez has tipped his finance and economy minister to be the ruling Frente Amplio (FA) coalition’s candidate in the October 2009 presidential race. Danilo Astori ...

Newsmakers : Leaders Line Up Presidential Candidates

TURKEY Coskun Ulusoy: Army pension fund looks beyond Turkey, but not Asia. While pension funds in Europe and other parts of the world are being told to raise their game in order to make up investment shortfalls, the Turkish armed ...

Newsmakers : “CEO of Korea” Tripped Up On Us Beef Deal

SOUTH KOREA Lee Myung-bak: Beef deal sees president's approval rating plunge. Lee Myung-bak, the former Hyundai executive who was elected president of South Korea by a landslide last December, refers to himself as “CEO of Korea.” His promises to reform ...

Additional Stories

EM Investor : Clean-coal Firm Raises $1.3 Billion

COMPANY TO WATCH: PT ADARO ENERGY/INDONESIA Jakarta-based PT Adaro Energy, the holding company of Indonesia’s second-largest coal producer, raised $1.32 billion in the country’s biggest initial public offering ever by selling 34.8% of its share capital. PT Danatama Makmur was ...

EM Investor : Global Investment House Issues First Kuwaiti Drs

DR NEWS Global Investment House, an asset management and investment banking company operating in 16 countries in the Middle East and North Africa (MENA), has become the first Kuwait-based company to issue depositary receipts. The issue of 35% of its ...

EM Investor : Indian Firms Find Welcome At Aim

NEWS KSK Emerging India Energy Fund (KEF) raised $200 million in June on London’s Alternative Investment Market (AIM). It was the fourth India-focused company to raise funds on AIM in as many weeks. The equity offering came at a time ...

GCC Report: Move To Launching Pad

REGIONAL REPORT: GCC / CAPITAL MARKETS The region’s biggest exchanges, in Saudi Arabia and the UAE, are ready for liftoff. Al Sowailim: Saudi Arabia offers great opportunities for global investors. The volume of initial public offerings on the Saudi Stock ...

GCC Report: Shifting Gears

REGIONAL REPORT: GCC / COUNTRY PROFILE: QATAR Qatar has plenty of gas for the long drive to becoming a knowledge-based economy. Doha's constantly changing skyline illustrates Qatar's rapid growth. Qatar has the world’s third-largest reserves of natural gas after Russia ...