Magazine Cover

Cover Story

Cover Story: Global Elections 2012

ELECTION YEAR   By Laurence Neville   Numerous countries around the world are holding elections this year, which could create market uncertainty and hold back much-needed political decision-making—particularly in Europe.   Unlike 2011, which was a year of "unknown unknowns," ...

Features

Regional Focus: Latin America

FOR BETTER OR FOR WORSE   By Antonio Guerrero   While neither Brazil nor Uruguay have any trade pacts aside from Mercosur, Chile and Mexico have many agreements in place. The two strategies have met with varying success.   When ...

Award Winners

Treasury & Cash Management Awards 2012

ANNUAL SURVEY: DIGGING DEEPER   By Anita Hawser   Companies want ever-more-detailed information to better manage cash and liquidity. Those banks that are investing in best-in-class risk and liquidity management solutions are winning corporate clients.   Last year was a ...

Best White-Label System Provider

By Anita Hawser BEST WHITE-LABEL SYSTEM PROVIDER BNY Mellon Enterprise Treasury Services A consistent winner in this category, BNY Mellon is one of the few banks with a business dedicated solely to providing other financial institutions with white-label solutions, which ...

Emerging Markets Roundup

EM News: Equity Funds Attract Big Inflows

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   Investors dumped money market funds in January and shifted into higher-yielding equity funds, according to EPFR Global.   "The emerging-markets equity funds we track have had their best start in six ...

Emerging Markets Roundup: Africa

SA-SWAZILAND RAILWAY LINK (FINALLY) GETS THE GREEN LIGHT   By Antonio Guerrero   Transnet, South Africa's state-owned transit and logistics company, and Swaziland Railway have joined forces to complete a $2.2 billion railway linking their two countries, a plan under ...

Emerging Markets Roundup: Brazil

E.ON AND MPX ENERGIA PARTNER ON POWER PLANTS   By Antonio Guerrero   E.ON, the German power utility, is partnering with MPX Energia, a power company controlled by Brazilian billionaire Eike Batista, to launch a joint venture to build Brazil's largest ...

Emerging Markets Roundup: China

SHANGHAI TO EXPAND ITS POSITION AS A FINANCE HUB   By Thomas Clouse   China will greatly expand financial activity in Shanghai in coming years, according to a plan released on January 30 by the National Development and Reform Committee.   ...

Emerging Markets Roundup: India

CHINESE BANKS TO REFINANCE INDIAN CORPORATE LOANS   By Aaron Chaze   Three major Chinese banks were central to one of India's largest-ever corporate refinancings of foreign currency debt.   Reliance Communications, India's second-largest cellular operator, controlled by billionaire Anil Ambani, successfully raised US$1.18 ...

Emerging Markets Roundup: Russia

GROWING POLITICAL UNCERTAINTY HITS RATINGS OUTLOOK   By Kim Iskyan   In mid-January, ratings agency Fitch cut its outlook on Russia from positive to stable, citing increased domestic political uncertainty and potential damage to the Russian economy from deterioration in ...

Global Salon

Salon: James Rickards, Policy Weakness

SEEKING OUT VULNERABILITIES   By Vanessa Drucker   Global Finance sat down with James Rickards, senior managing partner at boutique alternative investment firm Tangent Capital Partners and author of Currency Wars: The Making Of The Next Global Crisis .   ...

Country Report

Country Report: Angola

LAND OF OPPORTUNITIES   By Dan Keeler   The improving economic and investment environment makes Angola a tempting target for foreign direct investors. But changes aimed at improving the business environment and building infrastructure must move forward before the country ...

Country Report: Morocco

TURNING POINT   By Michael Shari   One of Africa's most vibrant economies is in the midst of a high-stakes political transition that will determine whether it continues on a path of reform or contends with the type of backlash that shook ...

Milestones

Corporate Finance

FX: Sudden Currency Moves And Hedging

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro's surprising rise early this year, even as the European Central Bank flooded the market with liquidity, caught many market participants by surprise. Net short positions in the euro hit a ...

Newsmakers

Foster Becomes CEO At Petrobras

NEWSMAKERS: BRAZIL   By Antonio Guerrero   Graças Foster, 58, was appointed CEO of Brazil's Petrobras state-controlled oil company in February, becoming the first woman ever to head one of the world's top oil operations.   Foster was nominated by ...