Magazine Cover

Cover Story

Reviving East Asia's Economic Miracle

COVER STORY: JAPAN   By Michael Shari     Although it inflicted unspeakable horrors upon an aging, hard-working population, Japan’s recent earthquake is breathing new life into a deflationary economy.     The symbolism was lost on no one when ...

Features

Award Winners

The World's Best Banks 2011

ANNUAL SURVEY: THE WORLD’S BEST BANKS 2011   By Gordon Platt, Antonio Guerrero, Anita Hawser and Denise Bedell   Growth Returns But Questions Linger For Banks   Banking systems in Asia and Latin America were among the first to recover ...

World’s Best Banks: Africa Country Winners

Africa Fast-Growing Continent Offers Huge Potential And Significant Risks   Africa is rich in natural resources, including oil and gas and minerals, which are in growing demand as the global economy expands. The continent seems likely to outperform the developed ...

Ceremony: TCM Awards

TREASURY & CASH MANAGEMENT: AWARD CEREMONY   Treasury Trove   On Tuesday, April 12, 2011, at the Harvard Club of New York City, Global Finance held its annual awards ceremony honoring the World’s Best Treasury and Cash Management Providers 2011. ...

Emerging Markets Roundup

Emerging Markets Roundup: Africa

ETHIOPIA POWERS UP GENERATION PLANS   By Antonio Guerrero   Ethiopia in April launched a $4.7 billion project to build Africa’s largest hydropower plant.   Drawing on the power of the Nile Ethiopia in April launched a $4.7 billion project ...

Emerging Markets Roundup: Brazil

Brazil Ups Taxes On Sugar To Boost Ethanol Output   By Antonio Guerrero   The US Export-Import Bank announced a $3 billion credit line for Brazil to purchase goods and services from US providers.   Sweet deal: Brazil’s sugar mills ...

Emerging Markets Roundup: China

Beijing Tightens Trade Ties With Brazil   By Thomas Clouse   China and Brazil have agreed to strengthen cooperation in trade and development.   Chinese imports rise China and Brazil agreed to strengthen cooperation in trade and development in April ...

Emerging Markets Roundup: India

Tata Steel Forges Ahead With Hybrid Securities Issue   By Aaron Chaze   Tata Steel is the first Indian company outside of the banking sector to raise capital by issuing a hybrid security.   Mill power: Tata shows its muscle ...

The World's Best Banks

Going It Alone

FOCUS: CEE ECONOMIC INDEPENDENCE   By Vanessa Drucker   Europe’s continuing sovereign debt crisis has left many non-members of the eurozone relishing their monetary independence.     The eurozone debt crisis has taken a toll on financial markets worldwide, rattling investors’ ...

Country Report

Country Report: Turkey

Enjoying The Good Times   By Justin Keay     Turkey is enjoying unprecedented economic stability and growth. Its biggest challenge is to maintain its balance.     These days in most developed economies, the release of GDP figures is ...

Milestones

FSA Plans To Go Out With A Bang

MILESTONES: UNITED KINGDOM   By Anita Hawser   Before the 2008 financial crisis ripped through the world’s markets, the UK’s Financial Services Authority was renowned for its light-touch approach to regulation.   Davies, RPC: Big jump in FSA fines In ...

New Leaders Face Tricky Economic Balancing Act

MILESTONES: CANADA   By Erik Heinrich   As Canada heads early this month into its fourth federal election in seven years, policymakers are facing serious questions over the prospects for the country’s economy.   Canada slows spending The Bank of ...

Portugal’s Leaders Left With Few Option

MILESTONES : PORTUGAL   By Anita Hawser   Sovereign debt in the eurozone is back in the headlines again, with Portugal going cap in hand to the European Union and asking for an emergency bailout.   Debt burden leaves little ...

Vietnam Reshapes Economic Strategy

MILESTONES: VIETNAM   By Thomas Clouse   Vietnam’s policymakers are struggling to rein in inflation after the consumer price index (CPI) rose by a two-year high of 13.9% year-on-year in March.   Spending roars ahead The country performed well throughout ...

Corporate Finance

FX: USD Weakens As Eurozone Rates Rise

CORPORATE FINANCING NEWS:FOREIGN EXCHANGE   By Gordon Platt   Dollar Weakens As Eurozone Rates Are First To Rise     Differing monetary policy reactions to the rise in oil prices are driving currency values at the moment, while gains in ...

Newsmakers

Bernanke Heralds A New Era Of Fed Openness

NEWSMAKERS: UNITED STATES   By Anita Hawser   With the US economy still in recovery mode, monetary policy decisions of the Federal Reserve can have a major impact on which way the markets move.   Bernanke opens up But now, ...

Boehner Blinks In Budget Showdown With Obama

NEWSMAKERS: UNITED STATES   By Gordon Platt   Speaker of the US House of Representatives John Boehner told his fellow Republicans to prepare for a government shutdown last month, as the standoff with Democrats on the budget came down to ...

Santos Raises Colombia’s Profile

  NEWSMAKERS : COLOMBIA   By Antonio Guerrero Less than a year after being sworn in, Colombia’s president Juan Manuel Santos is helping put his country back on the radar for investors scared away by guerrilla rebels and drug lords. ...

Tremonti Swats Away Accusations Of Protectionism

NEWSMAKERS : ITALY   By Luca Ventura   When the dairy giant Parmalat, a household name in more than 30 countries, collapsed in 2003 with a $20 billion hole in its accounts, Italian finance minister Giulio Tremonti fittingly dubbed the ...

Sponsored

Technology Enables Feature-Driven Internet Banking

NFOSYS STRATEGIC VISION   By Sam Felix Pradeep Kumar, Sekhar Puppala, and Dheeraj Agarwal, Infosys Technologies     Online banking was long considered to be a ground breaking offering that would not only enhance the banks’ capabilities in terms of ...

Assessing True Value

SPONSORED STATEMENT: BNY MELLON   BNY Mellon’s new currency analysis tool provides a fresh perspective — and much-needed clarity — in the complex world of foreign exchange.   One of the greatest challenges in foreign exchange markets is to understand ...

Belagroprombank: Leading A Growing Market

SPONSORED STATEMENT: BELAGROPROMBANK   Belagroprombank: Result-oriented and open to cooperation.   Vladimir I. Podkovyrov, Chairman of the Board, JSC Belagroprombank JSC Belagroprombank started to operate as an independent credit and financial institution in 1991, shortly after Belarus’s declaration of sovereignty ...

FX Update

BNY MELLON: GLOBAL MARKETS   Problems Facing Euro Continue To Mount   To a degree this continues to feel like a replay of the first half of 2008. Oil prices are at almost exactly the same level as in early ...

Strength in Adversity

SPONSORED STATEMENT   Despite uncertain economic conditions worldwide, China Construction Bank once again achieved strong profits and improved capital performance thanks to its prudent management style and comprehensive growth strategy.   In a complicated and volatile domestic and international landscape, ...