Magazine Cover

Cover Story

Cover Story : The Party's Over

LATIN AMERICA

Once considered relatively immune to the global economic slump, Latin America is facing hard times as commodity prices crumble, trade dwindles and Venezuela’s oil-funded regional largess begins to dry up.


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On a roller coaster ride: Wild swings ...

Features

Features : Country Report: Cyprus

SURVIVAL INSTINCT
CYPRUS

Cyprus’ leaders are tackling head on the challenge of maintaining economic growth during the current global downturn.


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Nicosia, Cyprus' capital, is gripping itself for an economic slowdown.

Cyprus has experienced more than its fair share of ups ...

Features : A Bridge To Recovery

Infrastructure spending


Policymakers are pouring money into infrastructure projects in an attempt to head off economic disaster.

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Cohen: When stability returns, infrastructure will be attractive.

All aspects of infrastructure will be on the rise in 2009, as the United States ...

Features : Big Providers Tough It Out

Equity derivatives


As equity derivatives have taken a pounding in recent months, many of the smaller players have abandoned the market. The industry’s giants are still offering tailored products for their clients, though.

0903_features_d1 In the months following the near ...

Features : Hard Landing

Banking crisis / central & eastern europe



Central and Eastern Europe has suffered more than most regions as a result of the credit crunch. Some are concerned that economic turmoil may lead to social unrest.

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Ukrainian prime minister, Yulia Tymoshenko, is one ...

Features : Revisiting Nafta

Regional report Calls to renegotiate Nafta are growing louder, and as the three member countries’ economic travails deepen, the arguments for a revision are gaining ground. The economic crisis that began in the United States has had a dramatic effect ...

Features : Survival Instinct

CYPRUS

Cyprus’ leaders are tackling head on the challenge of maintaining economic growth during the current global downturn.

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Nicosia, Cyprus' capital, is gripping itself for an economic slowdown.

Cyprus has experienced more than its fair share of ups and downs ...

The World's Best Treasury Providers

Newsmakers

Newsmakers : Obama Targets Climate Change

UNITED STATES

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Hardhitting team appointed to curb US carbon emissions

With a new line-up of officials steering Washington’s environmental and energy policies for the next four years and global talks under way to iron out a successor pact to ...

Newsmakers : Santander Loses Face In Latin America

LATIN AMERICA

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Sleepless in Madrid: Santander chairman Emilio Botin

Spanish banking giant Santander is struggling to contain the fallout from the more than $3 billion loss its clients sustained through the bank’s investments in funds linked to disgraced New ...

Milestones

Milestones : Banks And Multilaterals Step In To Boost Trade

BRAZIL

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Brazil’s central bank: Attempting to boost banks’ trade finance lines

With commodity prices plummeting from last year’s highs, Latin American governments are seeking ways to support their trade sectors as part of their economic stimulus plans. Strong ...

Milestones : Corporate Europe Set For Equity Rush

EUROPE

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Cash is costly for Hammerson, developer of this UK cineplex

With headlines dominated by bank bailouts totaling billions of dollars, it’s easy to get blasé about the scale of the challenge facing the global economy. Nevertheless, a new ...

Corporate Finance

Corporate Finance : Corporate Debt


alt ICE BEGINS CLEARING CREDIT DEFAULT SWAPS AS COUNTERPARTY RISK HITS RECORD HIGH

The first central counterparty clearinghouse for credit default swaps (CDS) began operating on March 9, the same day that perceptions of default risk among the largest derivatives market ...

Corporate Finance : Dollar Remains Strong Amid Global Turmoil

Foreign Exchange


corpfin_fx1_01 Weak economic data from the eurozone, heralding further interest rate reductions in Europe, are helping to keep the dollar strong. Meanwhile, Japan’s worsening trade statistics are raising warning signals about the high-flying yen, analysts say.

The yen ...

Corporate Finance : Etihad Atheeb Ipo Ends Long Saudi Drought

Global Equity /drs


Etihad Atheeb Telecommunication, one of three new fixed-line operators in Saudi Arabia, broke the long drought in initial public offerings in the kingdom, with an IPO for 30% of its capital.

The $80 million public offering, completed ...

Corporate Finance : Fed’s Easing Policies Beginning To Work

Corporate Debt


corpfin_cd1 Corporate debt markets in the United States have begun to function more normally, and the money supply is expanding rapidly, showing that the Federal Reserve’s credit-easing policies may be working, analysts say.

The Barclays Capital Credit index ...

Corporate Finance : Foreign Exchange

DOLLAR STAYS STRONG, BUT YEN TUMBLES

snap26_01 The US dollar index, a measure of the value of the dollar against a basket of currencies, rose to a three-year high in March, as investors continued to seek the safe haven of US ...

Corporate Finance : Global Equity/DRs


NYSE LISTS CARBON ALLOWANCES FUND

alt The calendar of planned initial public offerings in the US was bone dry last month, and the only issue of size on the international horizon was a scheduled $1 billion preferred securities offering by Mitsubishi ...

Corporate Finance : Mergers & Acquisitions

DRUG MERGERS EASE M&A; DROUGHT

alt The need for bigger drug-development pipelines and more diversified businesses with greater geographic reach is fueling a wave of mergers in the pharmaceutical industry that is providing investment bankers with some much-needed underwriting fees ...

Emerging Markets Roundup

Features : Big Providers Tough It Out

Equity derivatives


As equity derivatives have taken a pounding in recent months, many of the smaller players have abandoned the market. The industry’s giants are still offering tailored products for their clients, though.

0903_features_d1 In the months following the near ...

Corporate Finance : Global Equity/DRs


NYSE LISTS CARBON ALLOWANCES FUND

alt The calendar of planned initial public offerings in the US was bone dry last month, and the only issue of size on the international horizon was a scheduled $1 billion preferred securities offering by Mitsubishi ...

Corporate Finance : Mergers & Acquisitions

DRUG MERGERS EASE M&A; DROUGHT

alt The need for bigger drug-development pipelines and more diversified businesses with greater geographic reach is fueling a wave of mergers in the pharmaceutical industry that is providing investment bankers with some much-needed underwriting fees ...

Emerging Markets : Africa

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Zimbabwe has abandoned its "worthless" currency in favor of other currencies such as the US dollar.

After years of trying to defend its near-worthless currency, the Zimbabwean government has abandoned foreign exchange and price controls. Zimbabweans will now be allowed ...

Emerging Markets : Brazil

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Brazilian oil giant Petrobras will use debt issuance to finance new offshore exploration.

The Petrobras state-controlled oil company sold $1.5 billion of 10-year bonds on international markets in February. The deal, which carries a 7.875% coupon, was managed ...

Emerging Markets : China

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As economic growth tails off, China's unemployment level is rising sharply.

China’s economic growth is tailing off as feared. Although annual growth in 2008 was 9%, fourth-quarter growth slowed to a seven-year low of 6.9% year-on-year, according ...

Emerging Markets : China's Premier puts the US on notice

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Wen Jiabao:May be preparing ground for major policy shift

Wen Jiabao, China’s premier, has had a lot to say about US treasury bonds and the relative value of the yuan lately. Perhaps he misses his strategic economic dialogue ...

Emerging Markets : Commodity Prices Help Food Maker

Company To Watch: Indofood Sukses Makmur/indonesia


Low commodity prices are hurting Indonesia’s export earnings, but they could benefit Indofood Sukses Makmur, one of the world’s largest makers of instant noodles, commonly known as ramen noodles.

With about ...

Emerging Markets : India

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Open for business: "Off-limits" investment sectors opened up.

The Indian government revised its foreign investment policy guidelines in mid-February, with a changed methodology for computing foreign equity holdings in Indian companies. According to the new guidelines, any equity held by ...

Emerging Markets : Middle East

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Saudi Arabia's King Abdullah.

King Abdullah bin Abdul Aziz of Saudi Arabia shook up his cabinet in February, appointing a new central bank governor, as well as new education, justice, information and health ministers and naming a woman as ...

Emerging Markets : Roth brings down franc

alt Jean-Pierre Roth, the low-key chairman of the Swiss National Bank, is not the type of person you would expect to shock the financial world. But that is exactly what he did on March 12 when he confirmed that the bank ...

Emerging Markets : Russia

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Devaluation of the ruble is over, says Kudrin, Russia's finance minister.

The Kremlin rolled out a revised version of its economic crisis plan, extending additional credits to the beleaguered banking sector possibly at the expense of direct loans to ...

Emerging Markets :Latin American P/ES Hit Record Lows

NEWS


Investors are able to buy shares in fundamentally strong companies in Latin America at record low price/earnings ratios after a sell-off in recent months triggered by falling commodity prices, according to Auerbach Grayson, a New York-based brokerage firm ...

Emerging Markets Investor: Company to watch: Coli/China

China Overseas Land & Investment (COLI), a subsidiary of China State Construction Engineering, could be a beneficiary of China’s economic stimulus package. China’s largest developer by market value, COLI also focuses on infrastructure investment.
The Hong Kong-listed developer is ...

Emerging Markets Investor: Dr News

BYBLOS BANK LISTS IN LONDON; FIRST LEBANESE FIRM IN 12 YEARS
Byblos Bank, one of the leading banks in Lebanon, listed its global depositary receipts on the London Stock Exchange, which now trades 37 companies based in the Middle East ...

Emerging Markets Investor: News

FIRST COLOMBIAN ETF TRADES ON NYSE ARCA
The first exchange-traded fund that seeks to replicate the performance of the 20 most-liquid securities in the Colombian market has begun trading on NYSE Arca, an all-electronic US trading platform. Global X Management ...

Emerging Markets Roundup: Africa

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Tsvangirai: Vowed to restore relations with the IMF

The African Development Bank has used its own capital base to create a $1.5 billion trade finance facility that aims to fuel trade and investment in the region. African commercial lenders ...

Emerging Markets Roundup: Brazil

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Brazil's air force is helping finance Embraer's $500 million development program for a new military transport plane

Following Brazil’s recent credit boom, banks are starting to face increased customer arrears. A research report from BB Investimentos, a ...

Emerging Markets Roundup: China

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On track: China's stimulus package will boost railroad investment

China is pouring money into railroads and energy production as the implementation of the country’s 4 trillion yuan ($585 billion) stimulus package moves forward. Urban fixed asset investment grew ...

Emerging Markets Roundup: India

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Electoral gains: Poll-related spending will help boost India's economy in 2009

According to a consensus taken from a group of prominent Indian economists, including those representing the Prime Minister’s Economic Advisory Council, J.P. Morgan India and S ...

Emerging Markets Roundup: Russia

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Sechin: Russia's deputy prime minister and Rosneft chairman

In a signal that the Russian government is increasingly aware of the financial constraints it is facing, a top Kremlin adviser said that the state would not be bailing out any ...

Additional Stories

TCM : Software Providers

TREASURY & CASH MANAGEMENT - SPONSORED DIRECTORY

Global Finance presents its annual guide to the key products and technology providers in the treasury and cash management space.

ariba

Capabilities/services: Ariba Invoice and Payment is the leading enterprise solution for streamlining invoicing and ...