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Cover Story

Cover Story: The Power Of Hope

President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. By Jonathan ...

Features

Features: Islamic Finance

REGIONAL REPORT: Gulf Cooperation Council Sukuk issuance is rebounding as investor confidence returns to the GCC region. By Gordon Platt The global financial crisis has accelerated what already was a growing interest in Islamic finance and has created new opportunities ...

Features: Looking Up In Dubai

REGIONAL REPORT: Gulf Cooperation Council The UAE economy is well on the road to recovery, one of its biggest boosters says. By Gordon Platt Abdul Aziz Al Ghurair, speaker of the house of the Federal National Council, the parliament in ...

Features: The Lure Of Foreign Shares

Banks have created 1,400 new unsponsored ADR programs to meet-and hopefully generate-growing demand, particularly from investors in separately managed accounts. By Gordon Platt The long drought in initial public offerings has slowed the pace of raising capital in the form ...

Features: Country Report - Portugal

LESS PAIN, MORE GAIN Portugal's pre-credit crunch party was not as wild as that of many other countries, and its hangover should be much less severe as a result. By Adam Rombel You do not have to look very deep ...

Features: Insurance Insecurity

In the wake of the near-collapse of AIG, many companies are taking a much closer look at the health of their own insurers. By Paula L.Green Corporate risk officers are asking more questions, checking more documents, diversifying their book of ...

Features: Profiting From Prudence

Despite a recent drop in profits amid the country's economic slowdown, Brazilian banks are poised for long-term growth. By Antonio Guerrero Amid a turbulent global market, Brazil's banking and financial sector is proving remarkably resilient. A stringent regulatory environment, strong ...

Features: World's Best Sub-custodians

SUB-CUSTODIANS TACKLE NEW CHALLENGES Global Finance selects the leading providers of the specialized services that make cross-border investing possible. By Gordon Platt Global custodians and money managers are putting their sub-custodians under the microscope in the wake of the global ...

Emerging Markets Roundup

Cover Story: The Power Of Hope

President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. By Jonathan ...

Features: The Lure Of Foreign Shares

Banks have created 1,400 new unsponsored ADR programs to meet-and hopefully generate-growing demand, particularly from investors in separately managed accounts. By Gordon Platt The long drought in initial public offerings has slowed the pace of raising capital in the form ...

Features: Country Report - Portugal

LESS PAIN, MORE GAIN Portugal's pre-credit crunch party was not as wild as that of many other countries, and its hangover should be much less severe as a result. By Adam Rombel You do not have to look very deep ...

Corporate Finance: Dollar Bulls Hope Fed Aces Policy Transition

Foreign Exchange BY GORDON PLATT Signs that the US economy is bottoming out and hopes that the Federal Reserve will deftly handle the transition to a less accommodative monetary policy are boosting the dollar, analysts say. They say market participants ...

Best Supply Chain Finance Providers

Supply Chain Finance In Growing Demand The credit crunch has demonstrated which banks are truly committed to developing supply chain finance solutions. By Anita Hawser Few market segments within financial services have emerged unscathed from the recent credit crisis, and ...

Emerging Markets: Africa

Roundup By Antonio Guerrero Botswana, the world's largest diamond producer, received a $1.5 billion loan from the African Development Bank, marking the bank's largest-ever budget support facility. It is also Botswana's first loan from the development bank in 17 years. ...

Emerging Markets: Brazil

Roundup By Antonio Guerrero Mantega: Welcomes foreign investors to Brazil Taking advantage of falling yields, Brazilian borrowers are returning to international debt markets. BNDES, the state-owned development bank, sold $1 billion in 10-year bonds in June, yielding 6.546%. The deal, ...

Emerging Markets: China

Roundup By Thomas Clouse All clear: Policymakers backed away from Internet filtering With China's 4 trillion renminbi ($585 billion) stimulus package starting to show real results, the World Bank has upped its estimate for the country's 2009 GDP growth from ...

Emerging Markets: India

Roundup By Aaron Chaze Surging ahead: India is set to outstrip China's growth According to the Global Development Finance Report released recently by the World Bank, India is expected to be the fastest-growing economy in 2010, with 8% year-on-year GDP ...

Emerging Markets: Middle East

Roundup By Gordon Platt While the world's attention was focused on the post-election violence in Iran last month, political developments in neighboring Iraq took a happier turn. Iraqi Kurds and the Iraqi central government worked out an agreement to allow ...

Emerging Markets: Chinese Cell Phone Brand Unveiled In France

COMPANY TO WATCH: ZTE/CHINA By Gordon Platt ZTE, the largest wireless equipment maker in China, has gained a major share of the global cell phone market. After conquering markets in Asia and Africa with its low-priced handsets, ZTE is now ...

Emerging Markets: Egyptian Auto Group Trades In Ny And London

DR NEWS By Gordon Platt Cairo-based GB Auto, Egypt's largest listed automaker, auto assembler and distributor, issued global depositary receipts that trade in the New York and London over-the-counter markets. It issued the GDRs without a capital increase. Also known ...

Emerging Markets: Russia

Roundup By Kim Iskyan Medvedev: Promoting Moscow as finance center Russia unexpectedly announced that it was abandoning its quest to join the World Trade Organization on its own in favor of applying to enter as a bloc with Belarus and ...

The World's Best Sub-Custodians

Features: World's Best Sub-custodians

SUB-CUSTODIANS TACKLE NEW CHALLENGES Global Finance selects the leading providers of the specialized services that make cross-border investing possible. By Gordon Platt Global custodians and money managers are putting their sub-custodians under the microscope in the wake of the global ...

Milestones

Milestones: Uk Tops Foreign Direct Investment League Table

United Kingdom By Anita Hawser London calling: Investors’ faith in the UK is growing The largest investor in the UK remained the United States, which increased its investment by 30% on 2007-2008 levels. The US accounted for more than 35% ...

Corporate Finance

Corporate Finance: Dollar Bulls Hope Fed Aces Policy Transition

Foreign Exchange BY GORDON PLATT Signs that the US economy is bottoming out and hopes that the Federal Reserve will deftly handle the transition to a less accommodative monetary policy are boosting the dollar, analysts say. They say market participants ...

Corporate Finance: High-yield Issuance Hits 30-month Peak

Corporate Debt BY GORDON PLATT Companies rushing to refinance bank loans borrowed more than $24 billion in the high-yield debt market in the United States in May, the most since November 2006, according to Montpelier, Vermont-based KDP Investment Advisors. Many ...

Newsmakers

Newsmakers: Kirchners Face Uncertain Future

ARGENTINA By Antonio Guerrero Kirchner: May have to rein in her populist agenda When Cristina Kirchner won Argentina's 2007 presidential election, she was taking over the office held since 2003 by her husband, Nestor Kirchner. Observers speculated the couple could ...

Newsmakers: Oil Confounds As Prices Rise While Demand Falls

GLOBAL By Gordon Platt Oil prices have doubled since February without any help from fundamental demand. In fact, demand projections have been revised downward due to the global recession. How long can this levitation act continue? "The global financial crisis ...

Newsmakers: Recession-weary Investors May Be Jumping The Gun

GLOBAL By Gordon Platt Levy: Economic recovery will not happen soon Voting with their portfolios, investors are viewing the glass as half full, and their risk appetite is increasing. Confidence among global investors rose for the sixth straight month in ...

Newsmakers: Stimulus Packages Present Rich Pickings For Fraudsters

GLOBAL By Anita Hawser Abbey: Massive investment leaves door open for fraud With governments around the world doling out billions in stimulus packages or infrastructure projects to help revive flagging economies in the wake of the subprime crisis, many fraudsters ...