Magazine Cover

Cover Story

Cover Story: The Found Continent

AFRICA

Long ignored by mainstream investors and corporations, Africa has suddenly found itself in the spotlight. Its resilience in the recent credit crunch is just part of the reason.

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An oil worker stands on the deck of a tanker at ...

Emerging Markets Roundup

Cover Story: The Found Continent

AFRICA

Long ignored by mainstream investors and corporations, Africa has suddenly found itself in the spotlight. Its resilience in the recent credit crunch is just part of the reason.

coverstory01

An oil worker stands on the deck of a tanker at ...

Emerging Markets : A Month Of Turmoil

CHINA


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China's president Hu Jintao aims to improve relations with Japan.

Rescue workers on May 14 reached southwestern China’s Weixian county, the epicenter of an earthquake that shook cities across Asia and damaged 70% to 80% of the ...

Emerging Markets : Bankers Rush In As Oil Wealth Rises

MIDDLE EAST

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Dubai: Financial center is attracting global banks hungry for regional growth .

New York-based Citi moved one of its top bankers to Dubai last month, while Standard Chartered of the United Kingdom opened the largest trading floor in the ...

Emerging Markets : Bharti Airtel Harbors Global Ambitions

INDIA


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India's construction industry promises rich returns.

Bharti Airtel, India’s largest wireless company, with 62 million subscribers, is in talks with MTN of South Africa to acquire between 51% and 100% of that company. The deal could potentially ...

Emerging Markets : Brazil Makes The Grade

BRAZIL


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Mantega: Central bank reserves will not be used for wealth fund.

After years of speculation over when and if Brazil would achieve a coveted investment-grade rating, the move finally caught almost everyone by surprise. Standard & Poor’s upgraded Brazil ...

Emerging Markets : Food Crisis Shows No Sign Of Abating

AFRICA

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Kaberuka: Cereal export limits imperil 150 million Africans' lives.

Food shortages continue to cause severe disruption in many African countries, prompting the African Development Bank (AfDB) to pledge up to $1 billion in subsidies and grants to help African ...

Emerging Markets : Hedge Fund Seeks Absolute Returns

NEWS


London-based Focus Capital last month introduced a hedge fund that aims to achieve absolute returns from emerging markets irrespective of market conditions by investing in multiple asset classes. The Emerging World Fund diversifies risk by using a fund of ...

Emerging Markets : Plus Ça Change

RUSSIA


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New president, old habits: Russia's overt display of military strength.

Dmitry Medvedev was sworn in as president of Russia on May 7—and, according to plan, the next day former president Vladimir Putin became prime minister. The new ...

Emerging Markets : Turkey’s Biggest IPO Raises $1.9 Billion

COMPANY TO WATCH: TURK TELEKOM/TURKEY



Türk Telekom, the country’s former fixed-line phone monopoly, is expanding rapidly into mobile phone and Internet services. The company has 5 million broadband Internet customers and expects that total to reach 9 million ...

Emerging Markets : UAE Interior Contractor Selects Deutsche Bank

DR NEWS


Depa, a Dubai-based provider of interior contracting services, selected Deutsche Bank as depositary institution for its global depositary receipt program. The company raised $432 million in the form of shares and GDRs, including the granting of an over-allotment ...

Milestones

Milestones : Anxiety Grows Over Liquidity And Credit

GLOBAL


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Stressed out: Concern over financial risks has grown sharply.

One of the most extensive surveys of global banks’ attitudes toward risk has found that liquidity and credit spreads continue to keep bankers awake at night. The Centre for the ...

Milestones : Tighter Lending Standards Part Of Long-Term Strategy

GLOBAL


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Slim pickings: Banks are less keen on lending.

As the fallout from the subprime debacle continues, companies are finding they can no longer rely on their long-standing banking providers for credit. In fact, according to a report by analyst ...

Features

Features : Annual Survey: Stars Of The New Russia

ANNUAL REPORT / STARS OF THE NEW RUSSIA


Making the most of their newfound spending power, Russia’s consumers are boosting the fortunes of the country’s banks and corporations.

features3-1 With Russia’s economy fueled by petrodollars, Russian consumers are on ...

Features : Country Report: Greece

COUNTRY REPORT / GREECE

Steady domestic economic growth and significant inward investment are helping Greece battle the headwinds of a tough global economy.

features4-1 Buoyed by several booming industries, economic growth rates above the European Union average, strong investment and exports, and ...

Features : Credit Where It’s Due

FOCUS / CREDIT DERIVATIVES As global securitization markets continue to deteriorate, the credit derivatives space is a beacon of light in a relatively dark landscape. Long: The key is to determine which structures have been hurt which have stability. Most ...

Features : Raising Sepa’s Horizons

CORPORATE TOOLBOX — SEPA

Six months after SEPA’s introduction, banks are still trying to devise ways to encourage the businesses they serve to jump aboard. Additional optional services may provide the answer.

features6-1 The introduction of the euro in January 1999 ...

Features : Sharing In Risk And Reward

SECTOR REPORT / ISLAMIC FINANCE

The range of Islamic finance techniques is growing rapidly, but some are concerned that the most innovative products may be flouting shariah principles.

features2-1 While conventional financial markets are still reeling from the credit crunch, and the ...

Features: Awards: Islamic Financial Institutions

ANNUAL SURVEY / ISLAMIC FINANCE

Global Finance selects the winners in a fast-growing area of finance that combines investing according to the tenets of Islamic law with modern financial products and systems.


Islamic finance is a system of ethical investing that ...

Features: Troubled Giant

COUNTRY REPORT / NIGERIA

Despite vast hydrocarbon reserves and a government committed to economic diversification, Nigeria still faces tremendous problems. A resurgence in its banking sector may help accelerate future progress.

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Oil is Nigeria’s lifeline, accounting for some 80% of ...

Corporate Finance

Corporate Finance : Tight Lending Standards Could Delay Recovery

CORPORATE DEBT


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The latest bank lending surveys by the Federal Reserve and the European Central Bank (ECB) demonstrated that credit standards have tightened further, indicating that the credit crunch hasn’t lost its bite, analysts say.


The tightening of lending ...

Newsmakers

Newsmakers : In The Hot Seat

ARGENTINA

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Fernandez: His appointment unsettled financial markets.

As he slips into the seat occupied by four others in less than a year, Argentina’s new economy minister, Carlos Fernandez, faces the unenviable task of restoring confidence in his government’s ...

Newsmakers : Paraguay Joins The Leftist Club

PARAGUAY


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Lugo: Promising to improve Paraguay's international standing.

Paraguayan president-elect Fernando Lugo, a former Catholic bishop, is the newest member of Latin America’s growing list of left-wing leaders. He faces serious challenges in a country that, until his ...

Newsmakers : Putting A Roof On Energy Bills

UNITED STATES

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Naimon: Companies are keen to use third-party finance.

As the solar energy industry struggles to improve its photovoltaic technology, a viable financing model may provide the missing link to the market. Almost two years ago, HSH Nordbank, a ...

Newsmakers : US Targets Trade Finance

UNITED STATES/IRAN

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Mancuso: Warns banks to be aware of their clients' activities.

Mario Mancuso, head of the US Bureau of Industry and Security (BIS), sent global bankers scurrying last month to check that they were doing no trade financing ...

Best Islamic Financial Institutions

Features: Awards: Islamic Financial Institutions

ANNUAL SURVEY / ISLAMIC FINANCE

Global Finance selects the winners in a fast-growing area of finance that combines investing according to the tenets of Islamic law with modern financial products and systems.


Islamic finance is a system of ethical investing that ...