Magazine Cover

Cover Story

Cover Story: India Vs China

THE ELEPHANT AND THE DRAGON

Often uneasy neighbors and fierce competitors, India and China are finding ways to cooperate as their influence on the global economy grows.

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India's prime minister Manmohan Singh and China's premier Wen Jiao Bao ...

Emerging Markets Roundup

Features : Sweet Spot For The Philippines

COUNTRY REPORT: THE PHILIPPINES The Philippines seems to be avoiding the worst of the global market slowdown, but there have been a few hiccups along the way. The financial Makati district in Manila is not feeling the pinch of the ...

Corporate Finance : Strategic Acquisitions Still Getting Done

MERGERS & ACQUISITIONS

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With the credit crunch putting a damper on private equity deals, mergers and acquisitions have declined, but companies are still willing to dip into cash reserves and even borrow significant amounts of money to finance strategic takeovers that ...

Emerging Markets : Acquisition Crumbles

BRAZIL

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Brazilian mining giant Vale walked away from Xstrata acquisition talks.

Vale, the Brazilian mining giant formerly known as CVRD, decided to walk away from its proposed $90 billion acquisition of Swiss miner Xstrata after both sides failed to reach ...

Emerging Markets : Company To Watch: Ecopetrol/Colombia

OIL PRODUCER PLANS TO BE BIG SPENDER

Ecopetrol, Colombia’s state-owned oil company, says it hopes to list its shares on the New York Stock Exchange later this year, following a further privatization to help finance an aggressive spending program ...

Emerging Markets : Economy Set To Pass Germany's

CHINA

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Pro-Tibetan protests have dogged the run-up to the Beijing Olympics.

China upwardly revised its 2006 and 2007 gross domestic product (GDP) growth numbers, pushing the country closer to surpassing Germany to become the world’s third-largest economy. According to ...

Emerging Markets : Inflation Flares But Cool Heads Prevail

MIDDLE EAST

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GCC monetary leaders are pressing ahead with plans for a single currency, despite pressures to revalue.

Central bank governors from the six member states of the Gulf Cooperation Council (GCC) gathered in Doha, Qatar, in April for their ...

Emerging Markets : Putin Prepares For Life After Presidency

RUSSIA


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Putin: He may find it hard to play second fiddle.

With relations between Russia and the West at post-Cold War lows, US president George Bush met with Russian president Vladimir Putin in early April in Sochi, Russia, for their ...

Emerging Markets : Rwanda Exchange Trading Bonds

DR NEWS


Zhaikmunai, an independent oil and gas exploration business based in Kazakhstan, has concluded the first-ever listing of global depositary receipts on the London Stock Exchange by a limited partnership. Zhaikmunai raised $100 million in its offering last month ...

Emerging Markets : Us Agency Backs African Debt Fund

NEWS


The Overseas Private Investment Corp. (OPIC), a US development finance organization, has committed up to $100 million in initial funding for a sub-Saharan debt fund to be managed by Standard Bank of South Africa. The Standard Africa Development Fund ...

Milestones

Milestones : Bank Bailouts Could Harm Country Rating

GLOBAL

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A cautious approach: Bank of England governor Mervyn King.

The global credit crunch has highlighted just how far regulators and banks in some markets are willing to go to prop up the domestic financial system. However, clear differences are ...

Milestones : Indian Project Financing Gets Ex-Im Bank Boost

INDIA Reaching out: The US hopes its firms can win a slice of India's $500 billion spending spree. Bhopal Medical College Trust is the first Indian project to reap the benefits of US Export-Import Bank’s (Ex-Im Bank) Indian infrastructure support ...

Milestones : Peru Makes The Grade

PERU

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Peru's president Alan Garcia: Fiscal policies led to upgrade.

While analysts debated whether Brazil or Panama would win the race to become the next Latin American investment-grade-rated country, Peru beat both countries to the finish line. Citing a ...

Milestones : Sky Is Falling For The Airline Industry

GLOBAL

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Hard landing: Delta's merger with Northwest may make it the biggest airline, but analysts question its prospects.

The world’s biggest airline in terms of traffic will be created if the proposed merger of Delta Air Lines and ...

Features

Features : Funds Managers

FUNDS MANAGERS SPONSORED ROUNDTABLE Global Finance brings together a group of experts to discuss recent developments in the industry. Global Finance: SEPA credit transfers went live on January 28 of this year. What has been the experience of banks and ...

Features : Sweet Spot For The Philippines

COUNTRY REPORT: THE PHILIPPINES The Philippines seems to be avoiding the worst of the global market slowdown, but there have been a few hiccups along the way. The financial Makati district in Manila is not feeling the pinch of the ...

Features : The Best Emerging Market Banks 2008

ANNUAL SURVEY / BEST EMERGING MARKET BANKS

In our 15th annual survey of top banking performers in emerging markets, we name those banks that are consistently providing high levels of service in fast-evolving markets.


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Download PDF (2 MB)

The leading banks ...

Features : The Green Keeps Flowing To Green

SUSTAINABLE BUSINESS


Financial turmoil and an economy on the brink of recession are testing US companies’ determination to reduce their environmental impact.

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Growing fears about a global economic slowdown and the credit crunch wreaked havoc on global financial markets in ...

Features: Banking on Russia

ANALYSIS

Deft maneuvering is helping Russia’s banks dodge the fallout from the credit crunch, but significant risks remain—particularly for smaller banks and their customers.


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While the crises at UK mortgage lender Northern Rock and US investment bank Bear ...

Features: Credit crunch? What credit crunch?

CENTRAL & EASTERN EUROPE

Despite continuing political upheaval, many countries in Central and Eastern Europe are more concerned about reining in their buoyant economies than surviving the global economic downturn.


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Although the politics in Warsaw may be "noisy," the macro-economic fundamentals ...

Corporate Finance

Corporate Finance : Oracle’s Big Bond Sale Helps To Lift Gloom

CORPORATE DEBT


cf_cd1 Oracle, the world’s third-largest software maker, sold $5 billion of bonds in April, and the successful sale helped to dispel some of the gloom in the corporate bond market.

Oracle’s offering of three series of investment-grade ...

Corporate Finance : Stock Issues Boom In Oil-rich Gulf

GLOBAL EQUITY/DRS


Saudi Arabia’s Inma Bank, a new Islamic financial institution, raised $2.8 billion in its initial public offering of a 70% stake in April, the largest-ever IPO in the kingdom. Samba Capital, a subsidiary of Samba ...

Corporate Finance : Strategic Acquisitions Still Getting Done

MERGERS & ACQUISITIONS

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With the credit crunch putting a damper on private equity deals, mergers and acquisitions have declined, but companies are still willing to dip into cash reserves and even borrow significant amounts of money to finance strategic takeovers that ...

Newsmakers

Newsmakers : Darling’s Approach Winning Out On Global Regulation

UNITED KINGDOM

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Darling: Favors a collegiate cross-border regulation system.

Britain’s chancellor of the exchequer Alistair Darling has been criticized for his handling of the Northern Rock bailout, and he is the subject of an Internet campaign to ban him ...

Newsmakers : Soros Seeks To Tame Counterparty Risk

UNITED STATES

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George Soros: The "scariest" part of the current turmoil is CDSs.

George Soros, founder and chairman of Soros Fund Management, warned the World Economic Forum in Davos in January that the world is facing its worst financial crisis ...

Best Emerging Market Banks

Features : The Best Emerging Market Banks 2008

ANNUAL SURVEY / BEST EMERGING MARKET BANKS

In our 15th annual survey of top banking performers in emerging markets, we name those banks that are consistently providing high levels of service in fast-evolving markets.


em_banks

Download PDF (2 MB)

The leading banks ...