Magazine Cover

Cover Story

Cover Story : A Bumpy Ride

EM SPOTLIGHT - LATIN AMERICA

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Argentina's president Nestor Kirchner faced off against some of the worlds most powerful investors

Latin America has spent the past two decades recovering from the “lost decade” of the 1980s, marked by debt defaults, hyperinflation ...

Cover Story : A Continent On The Cusp

AFRICA

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Figurehead: Nelson Mandela became
a symbol of hope
for many in Africa

The past two decades in Africa have been marked by the twin themes of dramatic progress, such as the demise of apartheid in South Africa, and heartbreaking ...

Cover Story : Boom Times

THE MIDDLE EAST

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Change of tack: Oil-rich Middle East states are pouring their money into infrastructure

Twenty years ago, petrodollars flowing into the oil-producing countries of the Middle East were “recycled” into London and New York real estate markets and ...

Cover Story : Rising Stars

EM SPOTLIGHT - ASIA

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Dream town: The futuristic city of Shanghai symbolizes Chinas economic resurgence

Throughout the 1980s and 1990s, foreign investors looked to the East for investment and higher growth opportunities. East Asia did not disappoint, with GDP in some ...

Cover Story : United Front

CENTRAL & EASTERN EUROPE

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Turbulent times:Demonstrators in Romania in 1989 seize control of a tank

Central and Eastern Europe (CEE) has changed beyond recognition in the 20 years during which Global Finance has been published. Few would have dared hope ...

Emerging Markets Roundup

Cover Story : Boom Times

THE MIDDLE EAST

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Change of tack: Oil-rich Middle East states are pouring their money into infrastructure

Twenty years ago, petrodollars flowing into the oil-producing countries of the Middle East were “recycled” into London and New York real estate markets and ...

Features : Steady Progress

COUNTRY REPORT / INDONESIA

Indonesia is slowly moving toward a wide range of structural reforms critical to soothing the anxieties of local and foreign investors.
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Less than a decade after the fall of the dictator Suharto, Indonesia is moving to hand ...

Emerging Markets : Singapore Exchange Racks Up Global Listings

DR NEWS


Uttam Galva Steels, based in Khopoli in the western Indian state of Maharashtra, has become the first Indian company to list global depositary receipts on the Singapore Exchange. Uttam Galva, a maker of galvanized and cold-rolled steel products ...

Emerging Markets : Will Palm Oil Be Asia’s Biofuel?

COMPANY TO WATCH: SYNERGY DRIVE/MALAYSIA


Sime Darby, the Malaysian conglomerate founded in 1910 by William Sime of Scotland and Henry Darby of England to manage rubber estates, is being merged with two other Malaysian plantation operators, Kumpulan Guthrie and ...

Emerging Markets : Emerging Markets Volatility Declines

NEWS


Measurable risk and volatility have declined in emerging markets over the past 10 years, providing attractive long-term risk/return characteristics, according to a study by Chicago-based Northern Trust Global Investments. “In our view, this asset class has ‘grown up ...

Emerging Markets : Sharp Growth In M&A Activity

BRAZIL

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Gol: Varig offer takes off at last

Brazil’s IBGE national statistics institute reformulated its methodology for calculating the nation’s GDP in March, prompting a revision of all GDP data going back to 1996. Under the new formula ...

Emerging Markets : Us-China Trade Showdown Looms

CHINA

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McDonald's: Facing growing pressure to allow its workers to gain union representation

China stepped up its fight against intellectual property rights (IPR) infringement in early April, lowering requirements for criminal prosecution and mandatory sentences. The move did not ...

Emerging Markets : Violent Crackdown Sparks Global Outcry

RUSSIA


Thousands of riot police beat peaceful anti-government protesters during opposition marches in Moscow and St. Petersburg in mid-April, signaling the Kremlin's intention to obliterate what are only the smallest glimmerings of anti-Putin sentiment. The show of excessive force ...

Milestones

Milestones : Exchange Chalks Up First Chinese Listing

GERMANY/CHINA

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Deutsche Börse

Although shares in Chinese companies have been traded on the Börse before, this is the first time a Chinese company has listed on the Frankfurt exchange. Historically, most Asian companies sought listings on US exchanges, but ...

Features

Features : Bruised But Not Beaten

UKRAINE



Amid the growing political turmoil in Ukraine, the country’s economy is proving remarkably resilient.

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When thousands of protesters took to the streets of Kiev, the Ukrainian capital, at the end of March, to outside observers it must have ...

Features : Change Managers

TREASURY & CASH MANAGEMENT



Global Finance brings together some of the top figures in treasury management to discuss the influence that clients’ rapidly evolving needs are having on their business.

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Greenwald, King and Franco (left to right) discuss developments in the ...

Features : Money Games

TRENDS / VIRTUAL CURRENCIES As virtual communities come of age, the corporate world is just beginning to grasp the potential opportunities they present—and the phenomenal disruptive influence they might have on global commerce. Grand designs: Banking group INGhas invested heavily ...

Features : Steady Progress

COUNTRY REPORT / INDONESIA

Indonesia is slowly moving toward a wide range of structural reforms critical to soothing the anxieties of local and foreign investors.
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Less than a decade after the fall of the dictator Suharto, Indonesia is moving to hand ...

Features : The Best Emerging Market Banks 2007

ANNUAL SURVEY

In our 14th annual survey of top banking performers in emerging markets, we name those banks that are consistently providing high levels of service in often-tumultuous markets.



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Despite China being hit by its worst day of trading in ...

Corporate Finance

Corporate Finance : Corporate Financing Focus

Foreign Exchange



Increased volatility in exchange rates spurs adoption of best practices in currency-risk management

Walldorf, Germany-based SAP, a leading business software provider, announced late in the afternoon of January 11 that it would miss analysts’ consensus estimates, as well ...

Corporate Finance : Porsche Pursuing Vw In Low Gear

MERGERS & ACQUISITIONS



In the surreal world of corporate takeovers in Germany, pricey sports car maker Porsche has launched a below-market-value offer for “people’s car” maker Volkswagen—a bid that it hopes will never cross the finish line.

After exercising ...

Newsmakers

Newsmakers : Chávez Banks On Regional Support

LATIN AMERICA


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Chávez: Extending
credit to other
Latin American
nations

Venezuelan president Hugo Chávez’s dream of creating a South American development bank may be coming true. His finance minister, Rodrigo Cabezas, speaking at the annual meeting of the Inter-American ...

Newsmakers : Mergers And Acquisitions: A Dangerous Game

EUROPE

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Derain: Accuracy
is the secret

With the pace of corporate M&A; showing no signs of abating, a study of more than 200 European deals in the past two years indicates that few mergers—just 9%, in fact—are ...

Best Emerging Market Banks

Features : The Best Emerging Market Banks 2007

ANNUAL SURVEY

In our 14th annual survey of top banking performers in emerging markets, we name those banks that are consistently providing high levels of service in often-tumultuous markets.



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Despite China being hit by its worst day of trading in ...

Additional Stories

Corporate Finance : Brazilian Deluge Saturates The Market

GLOBAL EQUITY/DRS

Brazilian cleaning company Atmosfera Gestão e Higienização de Têxteis suspended plans for an initial public offering last month as investors tired of the rapid-fire pace of new listings on Bovespa, the Brazilian stock exchange ...