Magazine Cover

Cover Story

Cover: Will Japan Regain Its Greatness?

WILL JAPAN REGAIN ITS GREATNESS?

By Michael Shari

Business is trying to resurrect Asia's economic miracle a year and a half after the Tohoku tragedy.

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Tokyo is enjoying a long-deserved renaissance. Young professionals are converging from all across the ...

The World's Best Supply Chain Finance Providers

Awards: Supply Chain Finance 2012

BUILDING BLOCKS

By Anita Hawser and Paula Green

The winners of this year's awards come from a wide array of bank and nonbank backgrounds.

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They offer unique financing solutions and are helping buyers and suppliers connect as never before ...

Awards: World's Best Subcustodians 2012

NEW HORIZONS

By Gordon Platt

With every new regulation that hits global trust and custody banks, a new service is born for subcustodians. Keeping up is expensive and challenging, but nonetheless it is a good time to be in subcustody ...

Best Supply Chain Finance Providers 2012: Global Winners

By Anita Hawser and Paula Green

BEST SUPPLY CHAIN FINANCE PROVIDER—BANK

Citi

With trade and supplier finance capabilities in more than 80 countries, few providers can match Citi's extensive geographical footprint. It provides different forms of supplier finance ...

Best Supply Chain Finance Providers 2012: Regional Winners

By Anita Hawser

NORTH AMERICA

Citi

Citi is the leading provider of export-credit-agency–backed transactions, and in 2011 in conjunction with the US Export-Import Bank it launched its second ECA–guaranteed supply chain financing with participation of up to $1 ...

Winners’ Circle: Supply Chain Finance

LEADING THE PACK

By Kathryn Tully

Global Finance evaluates the Best of the Best Supply Chain Finance Providers in The Winners' Circle: an ongoing look at the top awards winners over the magazine's 25-year history, launched as part of ...

Newsmakers

Alfa Group Oligarch Leaves TNK-BP Chair

NEWSMAKERS: RUSSIA

By Kim Iskyan

Mikhail Fridman has overcome a lot of hurdles since his humble beginnings as a window-cleaning entrepreneur in Russia, just as the Soviet Union was unraveling.

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Fridman faces his most difficult maneuver yet

Photo Credit : REUTERS ...

Former FDIC Head Launches Her Latest Crusade

NEWSMAKERS: UNITED STATES

By Luca Ventura

Sheila Bair is determined to turn up the heat on regulators and accelerate financial reforms.

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Bair: protecting the US economy from the next crisis

Photo Credit : ALBERT H. TEICH/ Shutterstock.com

In her latest ...

Indigenization Minister Targets Foreign Banks

NEWSMAKERS: ZIMBABWE

By Valentina Pasquali

After targeting the lucrative mining sector, Zimbabwe's indigenization minister Saviour Kasukuwere is now ramping up pressure on foreign banks operating in the country to hand over 51% of their shareholdings to indigenous Zimbabweans as ...

New Central Bank Head Unlikely To Appease ECB

NEWSMAKERS: SPAIN

By Vanessa Drucker

The government of Spanish prime minister Mariano Rajoy revealed its character in early June, when it appointed Luis María Linde to become chief of the country's central bank and help restore its reputation.

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Linde ...

Milestones

Financial Reporting Still Plagued By Delays

MILESTONES: GLOBAL


By Valentina Pasquali

Companies worldwide are making big changes to their reporting processes—seeking relief from the high costs associated with missed regulatory deadlines and poor-quality data.

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They are investing more and more in their financial reporting systems ...

Small Firms Take On Big Four Accountants’ Fee Model

MILESTONES: UNITED STATES

By Paula Green

US tech firms, including Google And Twitter, are taking advantage of a new model for accounting and tax services.

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A stripped-down, low-cost solution is gaining in popularity among Silicon Valley tech firms weary of ...

Corporate Finance

Debt: Inmet Mining Funds Panama Project

CORPORATE FINANCING NEWS: CORPORATE DEBT


By Gordon Platt

Inmet Mining, a global mining company based in Toronto, placed $1.5 billion of senior notes in the US high-yield debt market to fund a copper-mining project in Panama, in which it ...

FX: Euro Tumbles, EU Debt Crisis Grows

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE


By Gordon Platt

The European debt crisis remains the key focus of foreign exchange market participants, as the slowdown in the global economy increases pressure on central banks and government officials to take action to ...

M&A: Marubeni Buys US Grain Supplier

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS

By Gordon Platt

Japanese trading company Marubeni placed a large bet that China's demand for imported corn will continue to grow. Marubeni will buy US grain merchant Gavilon for $5.6 billion, including $2 ...

Emerging Markets Roundup

Financial Reporting Still Plagued By Delays

MILESTONES: GLOBAL


By Valentina Pasquali

Companies worldwide are making big changes to their reporting processes—seeking relief from the high costs associated with missed regulatory deadlines and poor-quality data.

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They are investing more and more in their financial reporting systems ...

FX: Euro Tumbles, EU Debt Crisis Grows

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE


By Gordon Platt

The European debt crisis remains the key focus of foreign exchange market participants, as the slowdown in the global economy increases pressure on central banks and government officials to take action to ...

Emerging Markets Roundup: Africa

FEELING THE EFFECTS OF ECONOMIC CONTAGION

By Antonio Guerrero

The Africa Finance Corp, a multilateral finance institution based in Nigeria, says it has a pipeline of sub-Saharan investment projects worth $3 billion over the next year. The AFC has already ...

Emerging Markets Roundup: Brazil

TIME-OUT FOR BRAZIL'S GROWTH BOOM

By Antonio Guerrero

Brazil's growth explosion could be ending. The Brazilian central bank in June cut the official growth target from 3.5% to 2.5% for 2012, after first-quarter GDP expansion was ...

Emerging Markets Roundup: China

CHINESE EXPORTS DEFY EXPECTATIONS

By Thomas Clouse

China has given its banks more freedom to determine their own interest rates by declaring in June that banks could offer lenders rates as low as 80% of the official rate and depositors ...

Emerging Markets Roundup: India

GOVERNMENT TO SELL OFF STAKES, REDUCE DEFICIT


By Aaron Chaze

The administration announced renewed efforts to sell stakes in government-run companies in order to reduce the fiscal deficit.

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It plans to raise INR300 billion ($5.4 billion) by selling stakes ...

Emerging Markets Roundup: Russia

PRIVATIZATION PLAN COULD STUMBLE BEFORE LEAVING THE GATE


By Kim Iskyan

In early June, Russia's largest bank, Sberbank, agreed to buy DenizBank of Turkey from French-Belgian lender Dexia, for $3.5 billion. The deal marked Sberbank's second-largest transaction ...

Risk Management: Liability Insurance

A NEW REALITY


By Al Modugno

Corporate liability risk is increasing as jurisdictions around the world adopt liability laws that mimic the stringent framework in the US.

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Just over two decades ago, the European Commission began the process of harmonizing ...

Global Salon

Global Salon: Jan Stuart, Credit Suisse

NO MORE SPECIAL RELATIONSHIPS

By Paula Green

Global Finance sat down with Jan Stuart, managing director, head of energy commodity research, fixed income, at Credit Suisse in New York, to get his perspective on the global economy and oil markets ...

Back Page

Back Page: Polls And Stats

BUYING STABILITY


Break-even Brent oil prices ($ per barrel): the price that must be maintained for oil revenues to equilibrate annual budgets in oil-producing countries.

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"Oil-producing countries face rising expenses due to higher social pressure in the aftermath of the Arab ...

Additional Stories

Country Report: Nigeria

TIME FOR CHANGE


By Antonio Guerrero

Nigeria holds great promise with its massive oil reserves, but endemic corruption, unfettered militant attacks on pipelines and lack of regulatory clarity could halt progress in its tracks.

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When the Nigerian government three years ...

Country Report: Portugal

PRIME TARGET


By Vanessa Drucker

Portugal is being held up as a model of reform in meeting its fiscal restructuring targets, but it faces a drag on growth from financial sector deleveraging. Meanwhile, Portuguese firms have become prime targets for ...

Equity: Strong IPO For Malaysia’s Felda

STRONG IPO FOR MALAYSIA'S FELDA


By Gordon Platt

Malaysian palm-oil producer Felda Global Ventures priced its $3.1 billion initial public offering near the top of its indicative range on June 13, amid strong demand from investors, who are ...

GCC regional report: Crafting A New Future

OMAN: CRAFTING A NEW FUTURE

By Gordon Platt

Keenly aware that its vital oil resources are dwindling, Oman has embarked on a major economic diversification program.

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Oman's economy has grown steadily in recent years, helped by rising oil income ...

GCC Regional Report: New Shopping List

NEW SHOPPING LIST

By Justin Keay

GCC sovereign wealth funds and banks are still selectively buying low-value assets in Europe, but higher-growth markets are increasingly on their radar.

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When the global financial crisis first hit back in 2008, Gulf sovereign ...

Winners’ Circle: Subcustodians

REIGNING SUPREME


By Kathryn Tully


Global Finance evaluates the Best of the Best Subcustodians in The Winners' Circle: An ongoing look at the top awards winners over the magazine's 25-year history, launched as part of our 25th Anniversary in ...

World's Best Subcustodians 2012: Regional Winners

By Gordon Platt

NORTH AMERICA

Citi

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Lee Waite, global head of direct custody and clearing, Citi

Citi's Global Transaction Services division has the largest proprietary custody network in the world, covering 61 markets and 98.5% of global market ...