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Cover Story

Cover: The Untold Cost of Cybersecurity

GROWING THREAT By Valentina Pasquali The frequency and severity of cyberattacks on businesses and organizations across the world have exploded in recent years, and so have the direct and indirect costs they inflict. Global finance executives spend many a sleepless ...

Emerging Markets Roundup

Emerging Markets Roundup: Middle East

CLIFFORD CHANCE TO OPEN SAUDI PARTNERSHIP By Gordon Platt Clifford Chance is the first global law firm to receive approval from Saudi Arabia’s Ministry of Commerce and Industry to create a Saudi-foreign legal partnership in the kingdom. Photo Credits: SAUDI ...

Emerging Markets Roundup: Russia

NEW CENTRAL BANK GOVERNOR EXPECTED TO TOE THE POLITICAL LINE By Kim Iskyan The Russian economy continued to show signs of a slowdown, with GDP rising just 0.1% year-on-year in February. Weakness in household consumption growth, which was the key ...

Global Salon

Salon: Maurice Greenberg, CV Starr & Co

THE PENDULUM SWINGS By Paula Green At this month’s Salon, Global Finance sat down with Maurice “Hank” Greenberg, former chairman and CEO of AIG and current chairman and chief executive of CV Starr. Greenberg, who spent nearly four decades building ...

The World's Best Banks

World's Best Banks 2013: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt MOBILE BANKING STIMULATES ECONOMIC GROWTH IN AFRICA Africa is one of the fastest-growing markets in the world for mobile payments. Money transfers using mobile phones will exceed $200 billion in ...

World's Best Banks 2013: Asia

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt REGIONAL ECONOMY ON SOLID GROWTH PATH Asia’s regional economy continues to grow steadily, despite the tepid recovery in the United States and sovereign debt issues in Europe. The region’s banks, ...

World's Best Banks 2013: Europe

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt TOUGH TIMES CONTINUE IN EUROPE Europe remains mired in recession. Apart from Germany and the Nordics, major European economies are either flatlining or, as among the southern peripherals, contracting further ...

World's Best Banks 2013: Latin America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt LOCAL BANKS INCREASE MARKET SHARE While European banks have dominated Latin America’s banking sector for more than a decade, their stronghold has recently weakened. Some have sold local assets to ...

World's Best Banks 2013: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt CONSERVATIVE LENDING AND RECORD EARNINGS IN THE MIDDLE EAST Many of the largest banks in the Middle East posted record earnings in 2012, as they continued to pursue conservative lending ...

World's Best Banks 2013: North America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt RECORD EARNINGS FOR CANADIAN BANKS Canadian banks have continued to report record earnings, despite a slowdown in the Canadian economy, surprising most analysts. Plus, they have avoided many of the ...

Milestones

Milestones: Is Slovenia Next In Line For A Bailout?

MILESTONES: SLOVENIA By Gilly Wright While the new Slovenian government dismisses Cyprus comparisons, it could soon be facing the same fate, as €1 billion ($1.3 billion) of government debt comes up for renewal in June. Photo Credits: SLOVENIA: NORTHFOTO / ...

Corporate Finance

Debt: Saudi Sukuk Market Heats Up

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt A series of three major sukuk issues in Saudi Arabia in the first week of April demonstrated the growing depth of the debt capital markets in the kingdom, where corporations are diversifying ...

Equity: NYSE, Mexican Exchange Top IPO Charts

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS By Gordon Platt The New York Stock Exchange and the Mexican Stock Exchange were the top exchanges for initial public offerings in the first quarter, according to research firm Renaissance Capital. The once-sleepy Mexican exchange ...

FX: Cyprus Fallout Weighs On Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro slumped to a four-month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for other countries on the periphery of the eurozone. Although ...

M&A: Falling Yen Hits Overseas Buying

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt The falling yen is raining on Japan’s parade of overseas acquisitions, which had a record-breaking year in 2012, when the yen was rising. The first three months of 2013 constituted the ...

Newsmakers

Newsmakers: Economic Reformer Tackles Domestic Pressures

NEWSMAKERS: CHINA By Luca Ventura As China’s economy faces its slowest growth in more than a decade, the focus turns to the new Finance minister, Lou Jiwei. Lou, 63, has arguably the highest international profile among prime minister Li Keqiang’s ...

Newsmakers: Former Chilean President Seeks Office Again

NEWSMAKERS: CHILE By Forrest Jones Former Chilean president Michelle Bachelet wants her old job back. A single mother and the leader of the center-left Concertación coalition, she announced in March that she plans to run for president this November. Bachelet ...

Newsmakers: Martowardojo Gets Lucky Second Time Round

NEWSMAKERS: INDONESIA By Valentina Pasquali With just over a year to go before the 2014 elections and in a move that caught many observers by surprise, Indonesia’s president, Susilo Bambang Yudhoyono, has appointed current Finance minister Agus Martowardojo as the ...

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Additional Stories

Country Report: Turkey

ENGINEERING THE NEW TURKEY By Justin Keay Major infrastructure investments and improved economic strength are just two of a number of positive developments to come out of Turkey in the past year. Ankara stunned investors in February by scrapping its ...

Frontier Markets Focus: Panama

MEETING POINT By Dan Keeler Panama is working hard to become the dominant corporate hub in Central America. With its stable and open economy and its uniquely favorable location as the bridge between North and South America, Panama has long ...

THE OIL AND GAS WINDFALL

East Africa is a hotbed of new oil and natural gas finds. Most countries are taking a slow and measured approach to developing their resource boon, but will they avoid the resource curse that plagued many early-developers?

Report: Central & Eastern Europe

CHANGE IS AFOOT By Paul Mackintosh Central & Eastern European countries are trying hard to differentiate themselves from their southwestern neighbors. Corporates in the region are dealing with a new playing field as many assets once owned by major Western ...