Magazine Cover

Cover Story

Africa’s Lion Awakens

COVER STORY: KENYA – REBIRTH OF A NATION   By Dan Keeler   With a new constitution, bold economic targets and an ambitious social development strategy, Kenya is determined to become the new star of Africa. All the signs so ...

Features

Country Report— Lebanon

REFORM CANDIDATE By Justin Keay Sharply rising capital inflows and a stable banking sector have helped Lebanon achieve impressive economic growth. Maintaining it will require far-reaching reforms, though. Winston Churchill once famously described Russia as a riddle wrapped in a ...

Coming In From The Cold

ANALYSIS : CUBA   By Antonio Guerrero   For the first time in decades, signs are beginning to appear that Cuba may be softening its socialist stance.   When Cuba's former president Fidel Castro told an American journalist in September ...

Standard Bearers

SECTOR FOCUS — ISLAMIC FINANCIAL SERVICES   By Anita Hawser   Calls for standardized regulation of Islamic financial services are growing louder in the wake of the global financial crisis.   Islamic banks emerged from the recent financial crisis with ...

Award Winners

Stars Of China

ANNUAL REPORT: GENTLY DOES IT.   By Thomas Clouse   China's rapid recovery after the global financial crisis may yet foreshadow a hard landing as the government struggles to rein in the perennially red-hot real estate market.     Real ...

Emerging Markets Roundup

DRs: Russia Revokes License Of Moscow Depositary

EMERGING MARKETS INVESTOR: DR NEWS   By Gordon Platt   The Russian securities market regulator revoked the license of the Moscow Central Depositary, following an audit that alleged that the depositary ignored court rulings, the regulator's own instructions and regulations ...

EM Funds Attract Record Inflows

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   Equity funds that are mandated to invest in all emerging markets globally ended September with their 18th consecutive week of net inflows, according to Cambridge, Massachusetts–based EPFR Global. Year-to-date flows into ...

Emerging Markets Roundup: Africa

ROUNDUP   By Antonio Guerrero   Ghana’s mining sector gets a funding boost from China Ghana has become the leading recipient in sub-Saharan Africa of Chinese infrastructure financing, giving China unrivaled access to the country's commodities sector. Ghana signed a ...

Emerging Markets Roundup: Brazil

ROUNDUP   By Antonio Guerrero   Brazil lights up at the prospect of increased foreign investment Sinopec, China's second-largest oil and gas producer, is investing $7.1 billion in the Brazilian unit of Spain's Repsol YPF oil company. The capital increase, ...

Emerging Markets Roundup: China

ROUNDUP   By Thomas Clouse   Liu: China was furious over his Nobel Prize China's trade surplus fell to a five month low of $16.9 billion in September. Down almost 16% from August the figure reflected slower year-on-year growth rates ...

Emerging Markets Roundup: India

ROUNDUP   By Aaron Chaze   Mining a rich seam: Coal India lines up India’s largest IPO India's financial markets regulator, the Securities and Exchange Board of India (SEBI), says it will soon allow the auction of Indian government bonds ...

Emerging Markets Roundup: Middle East

ROUNDUP   By Gordon Platt   Dubai returns to the capital markets with bond issue Dubai's successful return to the international capital markets could pave the way for state-owned companies to tap the Eurobond market. Dubai's first new issue since ...

Sun Shines Bright On Solar Wafer Manufacturer

EMERGING MARKETS INVESTOR: COMPANY TO WATCH   By Gordon Platt   LDK Solar, based in Hi-Tech Industrial Park, Xinyu City, in China's Jiangxi Province, announced an $8.9 billion five-year strategic financing agreement with China Development Bank, easing a long-running cash ...

Supplements

FX: Renminbi Rising

China's trade deficit with the US rose to another record in August, fanning the brush fires that have broken out in the currency markets. Currency issues dominated talks at the annual meetings of the International Monetary Fund and World Bank ...

FX: Who's who

WHO'S WHO   By Gordon Platt   Key players in foreign exchange.   Jamie Thorsen Executive managing director BMO Capital Markets Jamie Thorsen heads global foreign exchange operations in Canada, the US and Europe for BMO Capital Markets and oversees ...

Country Report

Country Report: Lebanon

REFORM CANDIDATE   By Justin Keay   Sharply rising capital inflows and a stable banking sector have helped Lebanon achieve impressive economic growth. Maintaining it will require far-reaching reforms, though.   Winston Churchill once famously described Russia as a riddle ...

Milestones

Mexico: Bond Issue Breaks New Ground

MILESTONES: MEXICO   By Antonio Guerrero   Mexico’s financing needs taken care of with century bond Mexico may have set the stage for a stampede in October when it successfully issued Latin America's first-ever sovereign century bond, a $1 billion, ...

Corporate Finance

FX: Currency Conflict Is Not A War

CORPORATE FINANCING NEWS - FOREIGN EXCHANGE   By Gordon Platt   Brazil's finance minister, Guido Mantega, touched a raw nerve when he stated in late September that an international currency war had broken out. It may seem like a war ...

Newsmakers

United States: Can Consumers Rescue The US Economy?

NEWSMAKERS: UNITED STATES   By Gordon Platt   Spending again: US shoppers head to the mall Surprisingly strong US retail sales in September virtually ruled out the possibility of a double-dip recession. Consumer spending, which accounts for two-thirds of US ...

Sponsored

Supply Chain Finance

GATHERING MOMENTUM   Moderated by Joseph Giarraputo   At a roundtable in London, Global Finance brought together leading figures in the supply chain finance field to discuss key developments in the industry.       Tom Dunn Orbian Thomas Dunn ...