Magazine Cover

Cover Story

Cover Story: Global Markets Brace For The Aftershock

GLOBAL MARKET BRACE FOR THE AFTERSHOCK

Many countries still have a long way to go to convince investors that they are not likely to suffer a sovereign default.


By Laurence Neville

Coverstory_Global-Markets Just as the mood was lifting worldwide—and many ...

Features

Features: Spotlight - EBRD

POST-CRISIS MANAGEMENT


The European Bank for Reconstruction and Development has found new relevance—and a key role—in the aftermath of the financial crisis.

By Justin Keay

55 Aside maybe from Goldman Sachs and J.P. Morgan, few banks have emerged ...

Features: The Americas - Mexico

MEXICO'S NEXT WAVE


Although it was hit hard by the downturn in the US, Mexico is setting a course for a strong recovery. Its banks are helping to stimulate renewed growth.

By Antonio Guerrero

2 Long controlled by foreign players ...

Features: The Americas - Nafta

CAN NAFTA FILL THE GAP? For gaps in Nafta to be plugged, it may take smaller bilateral agreements rather than wide-ranging change to the original FTA. By Denise Bedell Renegotiating Nafta: (from left to right) US president Barack Obama, Mexican ...

The World's Best Treasury & Cash Management Providers

Newsmakers

Newsmakers: Downturn Throws Chávez Onto The Ropes

Venezuela

By Antonio Guerrero

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Chávez: Economic
troubles are turning his
dreams into a nightmare

Venezuelan president Hugo Chávez's dream of spreading his "21st century socialism" throughout Latin America could be halted by a troubled economy. After he spent much ...

Newsmakers: Financial Turmoil Hits London's Status

United Kingdom

By Anita Hawser

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Jenkins: London faces threat from multiple emerging market centers

As economic power increasingly shifts toward the East and regulators in the West look to rein in the growth of their financial sectors, senior business figures ...

Newsmakers: IMF Shakes Up Policy Advice Of Crisis

Global

By Gordon Platt

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Blanchard: Policymakers should use all the tools available

Economists who thought they had figured out how to keep national economies growing and inflation under control by simply focusing on short-term interest rates have learned some important ...

Milestones

Milestones: Financial Services Industry Faces Long Convalescence

Global


By Anita Hawser

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Moloney: Regulators’
lenient attitude toward
banks is over

As banks enter the convalescence phase after what some describe as the financial equivalent of a major medical trauma, there may be a need for further medicine to ...

Milestones: Rate Decision Sparks Fears Of Political Meddling

South Korea


By Thomas Clouse

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Lee Seongtae: Kept a steady hand on tiller during crisis

Few economies have proven as resilient over the past 18 months as that of South Korea. In the wake of Lehman Brothers' collapse, foreign investors ...

Milestones: SEC Issues Wake-up Call On Climate-Change Disclosure

United States


By Gordon Platt

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All change: Climate risk moves up the corporate agenda

The US Securities and Exchange Commission opened a can of worms with its decision to require companies to consider the effects of climate change when disclosing ...

Corporate Finance

Corporate Finance: Corporate Debt

CORPORATE DEBT ISSUANCE STAYS STRONG, BUT RISK PREMIUMS RISE SHARPLY

By Gordon Platt

Regulars_Corp__debt While the Federal Reserve is unlikely to raise interest rates significantly this year in light of high US unemployment and subdued inflation, the long-running rally in the ...

Corporate Finance: Foreign Exchange

EUROPE'S DEBT PANIC BRINGS DOWN EURO, SPURS DOLLAR RALLY

By Gordon Platt

Weakness in the euro is contributing to the dollar's recovery, as the search for a safe haven favors the United States, analysts say. The euro fell ...

Corporate Finance: Global Equity/DRs

EMERGING MARKETS LEAD DR ISSUANCE

By Gordon Platt

Companies from emerging markets established 57 new depositary receipt programs in 2009, more than half of the year's total worldwide, according to an analysis by BNY Mellon. China-based issuers led the ...

Corporate Finance: M&A

LATIN AMERICA TAKES MERGER SPOTLIGHT

By Gordon Platt

Mergers in Mexico and Brazil that will create strong regional and global competitors in a number of industries overshadowed a dormant M&A; market in the United States in January.

In Mexico ...

Emerging Markets Roundup

Newsmakers: IMF Shakes Up Policy Advice Of Crisis

Global

By Gordon Platt

22

Blanchard: Policymakers should use all the tools available

Economists who thought they had figured out how to keep national economies growing and inflation under control by simply focusing on short-term interest rates have learned some important ...

Corporate Finance: Global Equity/DRs

EMERGING MARKETS LEAD DR ISSUANCE

By Gordon Platt

Companies from emerging markets established 57 new depositary receipt programs in 2009, more than half of the year's total worldwide, according to an analysis by BNY Mellon. China-based issuers led the ...

Emerging Markets: Africa

Roundup

By Antonio Guerrero

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Foreign ownership of mines in Zimbabwe challenged by law

Zimbabwe's government is continuing its campaign against foreign ownership, insisting that businesses with assets of more than $500,000 must be 51%-owned by black Zimbabweans ...

Emerging Markets: Brazil

Roundup

By Antonio Guerrero

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Brazil’s leading ethanol processor seals deal with Shell

Brazil's Cosan, the world's largest ethanol and sugar processor, and Royal Dutch Shell are merging their Brazilian operations in a deal valued at $12 billion ...

Emerging Markets: China

Roundup

By Thomas Clouse

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Old properties gain new protection from land appropriation

China's central bank in February raised the required proportion of deposits banks must hold in reserve for the second time this year. China is taking steps to ...

Emerging Markets: Chinese Firm's ADRs Trade On OTC International

Investor: DR News


By Gordon Platt

Shandong Luoxin Pharmacy Stock Company has become the first China-based firm to trade American depositary receipts (ADRs) on the over-the-counter market’s premier platform, OTCQX International. Based in Linyi City in the eastern province ...

Emerging Markets: India

Roundup

By Aaron Chaze

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On the move: Car sales jumped significantly in India

Auto sales in India increased sharply over the past year, with the Society of Indian Automobile Manufacturers claiming sales have jumped by 50% since January 2009. Commercial ...

Emerging Markets: Microfinance Funds Get FX Hedging Help

Investor: News


By Gordon Platt

Hedging currency exposure in illiquid and volatile frontier markets is about to get easier for investment funds focused on microfinance. Cygma Fund, based in Kennett Square, Pennsylvania, is being set up as a hedging platform ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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Dubai Mall: Mixed fortunes for Dubai’s property sector

Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, has purchased an approximately 15% stake in London's Gatwick Airport, although it would not confirm ...

Emerging Markets: Russia

Roundup

By Kim Iskyan

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Friendly neighbor: Russia’s influence in Ukraine will grow after Viktor Yanukovych won the recent presidential election

Russia's finance ministry hired a team of investment banks to help it prepare for the country's first ...