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Cover Story

Cover Story : Capital Gains

Capital markets are playing a growing role in development and global economic integration. When Emaar the Economic City held its initial public offering in Saudi Arabia in July, a record 10 million Saudis, or approximately half the national population, subscribed ...

Cover Story : It’s A Smaller World

Gordon PlattAs more countries mature and enter the global market, the balance of economic and political power is changing. Businesses will have to stay on their toes to prosper. After undergoing a decade of dramatic change, the world’s economy looks ...

Features

Features : Borrowing Requirements

SECTOR REPORT/ SECURITIES LENDING Hedge funds are driving rapid growth in demand for securities lending in global markets. Van Grinsven: Asian market is growing The business of lending securities is expanding rapidly, as hedge funds and investment firms seek to ...

Features : Divided Growth

COUNTRY REPORT / THE PHILIPPINES Despite strong growth in some areas, the Philippines struggles with high unemployment and a widening gulf between the rich and the poor. Office buildings in the growing commercial hub of Pasig City, Manila The Philippines ...

Features : Market Forces

TREASURY & CASH MANAGEMENT / LIQUIDITY MANAGEMENT Global banks are devising innovative solutions to help multinationals marshal their cash reserves. Deutsche Bank’s Lisa Rossi As globalization casts its net ever wider, the multinationals flocking to developing countries are finding themselves ...

Features : New Avenues For Growth

REGIONAL REPORT / NORDIC BANKING Facing increasing competition, banks within the Nordic region are looking to new products and new markets to maintain growth. The Nordic banking market is on a roll. With strong and stable economies across the board ...

Emerging Markets Roundup

Cover Story : Capital Gains

Capital markets are playing a growing role in development and global economic integration. When Emaar the Economic City held its initial public offering in Saudi Arabia in July, a record 10 million Saudis, or approximately half the national population, subscribed ...

Cover Story : It’s A Smaller World

Gordon PlattAs more countries mature and enter the global market, the balance of economic and political power is changing. Businesses will have to stay on their toes to prosper. After undergoing a decade of dramatic change, the world’s economy looks ...

Features : Borrowing Requirements

SECTOR REPORT/ SECURITIES LENDING Hedge funds are driving rapid growth in demand for securities lending in global markets. Van Grinsven: Asian market is growing The business of lending securities is expanding rapidly, as hedge funds and investment firms seek to ...

Emerging Markets : A Return To The Bad Old Days

RUSSIA The gangland-style murder in September of Andrei Kozlov, number two at Russia’s central bank and a widely respected banking sector reformer, cast a shadow of doubt on how much really has changed in Russia’s banking sector since the wild ...

Emerging Markets : Aluminum Industry Bucks Global Trend

INDIA Data released by the Indian government’s Central Statistical Organization (CSO) show that the Indian economy grew by 8.9% in the April-June 2006 quarter. A large portion of this strong growth has come from the manufacturing sector, which grew by ...

Emerging Markets : Battery Maker Boosts Auto Output

COMPANY TO WATCH: BYD/CHINA BYD, China’s largest producer of rechargeable batteries, is well on the road to becoming a major car manufacturer. The company sold 30,700 automobiles in the six months ended June 30, an increase of 585% from the ...

Emerging Markets : Ifc Funds Research On Green Investing

NEWS The International Finance Corporation has awarded a $500,000 grant to be split by two teams of companies to study environmental, social and corporate governance data for emerging market investors. The first group comprises Crisil, Standard & Poor’s and KLD ...

Emerging Markets : Robust Economy Fuels Bond Blitz

BRAZIL The Brazilian government continued to tap global markets, despite questions regarding the outcome of the nation's presidential elections, as investor appetite remained high. The sovereign tapped international markets on October 5, even before the second-round vote, with an additional ...

Emerging Markets : Russian Steelmaker To List In London

DR NEWS Russian steelmaker Severstal, jilted in its white-knight approach to save Arcelor from a hostile takeover by Mittal Steel, is planning to list on the London Stock Exchange to raise capital to play a major role in the ongoing ...

Milestones

Milestones : Banker Bags Peace Prize

BANGLADESH/NORWAY Yunus developed Microcredit while working as an economist in Bangladesh Norway’s Nobel Institute broke with tradition in October when, for the first time ever, it awarded its coveted Nobel Peace Prize to a banker and a financial institution. Grameen ...

Milestones : Banking With A Human Face Comes Naturally To Aub

KYRGYZ REPUBLIC Mikhail Nadel, AUB chairman The mentally disabled children of the Belovodsky psychoneurological boarding institution got new shoes and enjoyed fresh fruits and vegetables on the table for almost a month this summer, thanks to the generosity of AsiaUniversalBank, ...

Milestones : How Microcredit Works

The Microcredit loan mechanism works by providing very small loans that are repayable in weekly installments spread over a year. Eligibility for a subsequent loan is dependent upon repayment of the first loan. Bank branches are set up with a ...

Milestones : Strong Growth Triggers Ratings Upgrades

DOMINICAN REPUBLIC The Dominican Republic’s beaches are helping to drive tourism growth Strong economic growth and responsible fiscal policies have helped the Dominican Republic join the ranks of the rising stars in Latin America. So far this year two ratings ...

Corporate Finance

Corporate Finance : Aer Lingus Ipo Lists On London Exchange

GLOBAL EQUITY/DRS Aer Lingus, Ireland’s state airline, bucked worries over high fuel prices and potential terrorist threats to post an 8% gain in its first day of trading on the London Stock Exchange on October 2. It was the first ...

Corporate Finance : Corporate Financing Focus

CORPORATE DEBT The rapid growth in global credit derivatives is putting stress on settlement systems and operational controls, despite significant progress in clearing a big backlog of unconfirmed trades, according to market participants, a rating agency and regulators. Credit derivatives ...

Corporate Finance : Russian Merger Creates Top Aluminum Maker

MERGERS & ACQUISITIONS A three-way merger between two Russian aluminum producers, Rusal and Sual, and the alumina assets of Swiss-based commodities trader Glencore International will create the world’s largest aluminum and alumina producer, toppling Alcoa of the United States from ...

Corporate Finance : Weakening Us Economy Could Drag Dollar Down

FOREIGN EXCHANGE The dollar strengthened despite slower job growth in the US in September, but prospects of a worsening economic slump in the months ahead could expose the greenback to a sudden decline, analysts say. The impact of the collapsing ...

Newsmakers

Newsmakers : New President Finds Early Days Are Hard

MEXICO President-elect Filipe Calderón When Mexico’s Electoral Tribunal in September declared Felipe Calderón the official winner of the nation’s hotly contested presidential election, it appeared that it would be smooth sailing until his December 1 inauguration. Instead, it seems Calderón’s ...