Magazine Cover

Cover Story

Cover Story: China In Europe

WITH A COOL HAND

By Laurence Neville

China is taking advantage of the European crisis to make strategic investments in the Continent and encourage companies to pick up cheap assets. But the Asian nation is taking a slow and considered ...

Emerging Markets Roundup

Debt: Bond Market Rally Continues

CORPORATE FINANCING NEWS: CORPORATE DEBT


By Gordon Platt

Federal Reserve chairman Ben Bernanke said recently that improvements in the US labor market might not be sustained because of weak economic growth and signaled that the Fed was likely to keep ...

Africa's Rising Consumer Class

LAND OF OPPORTUNITY

By Antonio Guerrero

A number of African markets may be on the verge of massive growth—fueled by a rising consumer class.


300 Features_17-Regional-Report-Africa-1

Given the long-standing reputation for political and economic volatility in some African markets, many global ...

DR News: Unsponsored Indonesian ADRs Target Mining Firms

EMERGING MARKETS INVESTOR: DR NEWS

By Gordon Platt

Five new, unsponsored American depositary receipt (ADR) programs for Indonesian companies were launched in March by BNY Mellon, targeting the strong corporate sector in the Asian economy.


Indonesia’s economy grew by ...

EM News: EM Portfolio Flows Lose Steam

EMERGING MARKETS INVESTOR: NEWS

By Gordon Platt

Strong investor flows into emerging markets funds at the beginning of 2012 have since moderated but not reversed. Analysts say the slower pace of inflows is more sustainable and is not a cause ...

Emerging Markets Roundup: Africa

PLATINUM MINING PROJECT PROMISES BIG REWARDS

By Antonio Guerrero

South Africa’s state-owned Industrial Development Corporation (IDC) has entered into a $420 million public-private partnership to develop a mine that could become one of the world’s largest platinum producers ...

Emerging Markets Roundup: Brazil

STIMULUS PACKAGE TARGETS BUSINESS LOANS

By Antonio Guerrero

In a bid to support economic growth, the Brazilian government in April rolled out new tax cuts worth as much as $5 billion and put through a stimulus package including BRL45 billion ...

Emerging Markets Roundup: China

REGULATORS BOOST FOREIGN PORTFOLIO INVESTMENT LIMITS

By Thomas Clouse

Chinese regulators will allow more foreign participation in domestic capital markets, increasing the quota for its qualified foreign institutional investor (QFII) program from $30 billion to $80 billion.

300 Regulars_07-EM-Roundup-3

According to a ...

Emerging Markets Roundup: India

FOREIGN INVESTORS MAY EXIT IF FAVORABLE TAX TREATMENT DISAPPEARS

By Aaron Chaze

Foreign investors routing investments to India through Mauritius could potentially be taxed on their short-term gains, under a tax law amendment that was proposed in the recently announced ...

Emerging Markets Roundup: Russia

NEW BANK CAPITAL REQUIREMENTS COULD HEAT UP M&A

By Kim Iskyan

Acting finance minister Anton Siluanov threw his support behind a proposal to increase minimum capital requirements for banks after 2015 by more than five times—to around $34 ...

Global Salon

Salon: Alisher Ali, Mongolian Growth

ASIA’S EL DORADO

By Michael Shari

Global Finance sat down with Alisher Ali, founder of the largest investment bank and asset management firm in Mongolia, to get his take on the world’s fastest-growing economy.

300 Regulars_05-Global-Salon

Educated at Columbia and ...

Milestones

Gold Starts Paying Unique Dividends

MILESTONES: GLOBAL

By Valentina Pasquali

Over the past few years markets have experienced declining trust in fiat money, a slow departure from the US dollar as a reserve currency and growing interest in bullion, particularly as a hedge against uncertainties ...

New Derivatives Market Regulations Finally Adopted In Europe

MILESTONES: EUROPE

By Anita Hawser

It has been almost three years in the making and encapsulates European regulators’ response to the collapse of Lehman Brothers and the implosion of the collateralized debt obligation market following the subprime crisis in the ...

PetroChina Surpasses Exxon In Oil Production

MILESTONES: CHINA

By Valentina Pasquali

Energy demand in emerging countries has skyrocketed in recent years due to rapid economic growth. In China, oil production has followed suit, although not at the same pace. The country remains a net importer.

In ...

Shotgun Wedding For Spanish Banks

MILESTONES: SPAIN

By Vanessa Drucker

The merger agreement between CaixaBank and Banca Civica smacks of a shotgun wedding—for Civica, anyhow.

300 Regulars_04-Milestones-1

Spanish banks forced to tie the knot by capital requirements

CaixaBank, Spain’s largest bank by retail branches, is ...

Water Company Launches First Cambodian Domestic IPO

MILESTONES: CAMBODIA

By Thomas Clouse

Cambodia’s Phnom Penh Water Supply Authority (PPWSA) became the country’s first domestically listed company in April after launching a $20.5 million IPO.

300 Regulars_04-Milestones-2

Water Supply Authority is first to list on Cambodia Exchange ...

Corporate Finance

Debt: Bond Market Rally Continues

CORPORATE FINANCING NEWS: CORPORATE DEBT


By Gordon Platt

Federal Reserve chairman Ben Bernanke said recently that improvements in the US labor market might not be sustained because of weak economic growth and signaled that the Fed was likely to keep ...

DRs: Equity Markets Stuck In Doldrums

CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS

By Gordon Platt

The global equity capital markets got off to a relatively slow start in 2012, with a decline of 26% in activity in the first quarter from the same period a year ...

FX: Dollar Favored Over Euro, Yen

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Gordon Platt

The dollar rose sharply last month after the Federal Open Market Committee’s meeting in March signaled that further monetary easing is unlikely unless the US economy slows significantly or the inflation ...

M&A: Glencore Targets Viterra

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS

By Gordon Platt

Switzerland’s Glencore International, the world’s largest commodities trader, agreed to acquire Canada’s biggest grain trader, Viterra, for C$16 a share ($16.05)—which values the company at $6 ...

Newsmakers

Johnsen Makes Few Friends With Norwegian Banking Rule Proposals

NEWSMAKERS: NORWAY

By Luca Ventura

A former bank teller, Norway’s finance minister Sigbjørn Johnsen is not too concerned about upsetting some of his erstwhile bank employers.

150 Regulars_04-Newsmakers-3

Johnsen takes on Norway’s banks again

Photo Credit : REUTERS/SCANPIX

“It is ...

Suu Kyi Heralds A New Era Of Reform In Myanmar

NEWSMAKERS: MYANMAR

By Kim Iskyan

By winning a seat in the country’s parliament in early-April by-elections, Myanmar dissident leader Aung San Suu Kyi ushered in a new era in the history of the country formerly known as Burma.

300 Regulars_04-Newsmakers-2

Suu ...

Thorsten Heins Hits First Stumbling Block At RIM

NEWSMAKERS: CANADA

By Luca Ventura

On March 29, telecoms company Research In Motion posted its first loss in seven years.

300 Regulars_04-Newsmakers-4

Tough road ahead for RIM chief Thorsten Heins

Photo Credit : REUTERS/EDUARDO MUNOZ

It was not what shareholders had hoped ...

Tough Times Ahead For New Chief Executive Of Hong Kong

NEWSMAKERS: HONG KONG

By Thomas Clouse

Newly elected Hong Kong chief executive Leung Chun-ying will face challenges on multiple fronts when he starts his new job on July 1.

300 Regulars_04-Newsmakers-1

All smiles: A win for Leung but voters are unconvinced

Photo ...

The World's Best Banks

World’s Best Banks 2012: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

AFRICA

Not only is Africa rich in natural resources, but it also offers the promise of fast economic growth in a number of countries, and a population lacking basic banking services ...

World’s Best Banks 2012: Asia

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

ASIA

Asia has provided one of the few bright spots in the global economy in recent years. The region rebounded quickly from the global financial crisis and has thus far avoided ...

World’s Best Banks 2012: Europe

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

EUROPE

Europe’s banks are being pulled in two directions. Governments want them to lend more, especially to small- and medium-size enterprises, while European and national regulators require them to strengthen ...

World’s Best Banks 2012: Latin America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

LATIN AMERICA

With its developing middle class, the region’s growing consumer sector helped banks to continue posting healthy returns last year. Banking sector assets and profits were up throughout the ...

World’s Best Banks 2012: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

MIDDLE EAST

The oil-exporting countries of the Middle East are enjoying strong economic growth, whereas countries that experienced political uprisings during the Arab Spring of 2011 are struggling to get back ...

World’s Best Banks 2012: North America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt

NORTH AMERICA

North America’s banks are well along the road to recovery from the financial crisis, amid signs of improvement in the US and Canadian economies. The Federal Deposit Insurance ...

Additional Stories

Company to Watch: ŞIŞECAM / Turkey

TURKEY’S LEADING GLASSMAKER EXPANDS ABROAD

By Gordon Platt

Glassmaker Şişecam has a near monopoly on the glass market in Turkey, where it operates a chain of retail outlets for its Paşabahçe brand of glassware, and where its flat-glass output ...